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-   -   Financing question. (https://www.offshoreonly.com/forums/insurance-finance/298761-financing-question.html)

jeff32 06-26-2013 06:26 AM

and... what's your next boat??? details please!:eekdrop:

Nate5.0 06-26-2013 07:09 AM


Originally Posted by Expensive Date (Post 3949183)
Banks just don't want to lend for boats, so they will do stuff like this to make you go away. Sure there are exeptions but who you called was not one of them.

Mine claims it was due to the size of 35'. I did looking into a 29 fountain about a year ago and got the loan and approval with nothing more than an HIN#. That deal never worked out though.

Also Newcoast seemed ready to loan but only at a certain ount and more. What I am looking for was on the small side and on a 13 year old boat. So I fall into a grey area. Joey there laided it all out for me and it made sense once put into picture.

Nate5.0 06-26-2013 07:44 AM


Originally Posted by jeff32 (Post 3949260)
and... what's your next boat??? details please!:eekdrop:

It's an OSO members boat. A 2000, 35' Nordic flame with Mag 502's and loaded with options.


Can't wait!!!!!!

soldier4402 06-26-2013 02:28 PM

depending on what you are looking to borrow, you could a personal loan. rates are higher like at 8-10% but really not much higher than a boat loan which is probably around 5-7%. Good thing about those is they are no questions asked. Getting one for 10k or less should be fairly easy, and I know you can get them for up to 25k.

s022mag 08-06-2013 11:36 AM


Originally Posted by soldier4402 (Post 3949562)
depending on what you are looking to borrow, you could a personal loan. rates are higher like at 8-10% but really not much higher than a boat loan which is probably around 5-7%. Good thing about those is they are no questions asked. Getting one for 10k or less should be fairly easy, and I know you can get them for up to 25k.

X2, that's what I did.

mallatt442 08-13-2013 03:09 AM

Take the cash, buy a CD at the bank. Borrow against the CD ( usually 2 percent over what the bank is paying) to pay for the boat. You build credit, eliminate hassle and get a great rate. Hope this helps...


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