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-   -   Best boat loan rate? (https://www.offshoreonly.com/forums/insurance-finance/306518-best-boat-loan-rate.html)

KSFLYER1 12-18-2013 05:40 PM

Best boat loan rate?
 
Looking for boat loan in Michigan. Anyone see better than 6.5/10 years 6.75/15 years?? Thanks for the input, KS.

Eliminatorshane 12-18-2013 06:15 PM

Yes in Oklahoma here I got 3.9 two months ago. Shop around

Avs38 12-18-2013 06:38 PM

Essex offers 4%

buck183 12-18-2013 06:55 PM


Originally Posted by Eliminatorshane (Post 4043964)
Yes in Oklahoma here I got 3.9 two months ago. Shop around

I got the same rate from an Oklahoma institution myself.

Buck

COOPS 12-18-2013 06:59 PM

Local credit union I got 2.99 for 6 years dupage credit union

Lightstream I got 5.25 unsecured for 7 years. It's a national company.

beakman 12-18-2013 06:59 PM

Mcmachen Marine in Harrison Twp Mi was doing 3.99 all summer.

KSFLYER1 12-18-2013 07:11 PM

Wow, that is a lot better than my local credit unions, Essex looks pretty good. Thanks

Pwraddr 12-18-2013 07:38 PM

I went through Essex. They want more downstroke for a performance boat but I didn't care since I didn't need much money from them.

Costco member waves the fees. Was VERY easy....I read others had issues but none from my deal. My credit score was 850 though, unsure if it played a role.

mptrimshop 12-18-2013 07:40 PM

Got %3 at local credit union!

Half of nada value down so they looked at it as low risk... Had to smooth over the president since boat was 13 years old. I was lucky her son had a few baja threw the years.... She said if it says Donzi on the front if it... It's worth what they say it is.

KSFLYER1 12-18-2013 07:55 PM

Boat in question is 8 years old, 35-40 percent down, excellent credit.


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