Older boat financing
06-20-2017 | 11:41 PM
#11
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Joined: Jul 2013
Posts: 40
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From: Atlanta, GA
What options are out there for older boat financing, say 1995-2005 boats? I have one source for some short term $$, but just wondering in case I decide to step up the search to something a little more expensive, like $50,000 ish. I'm talking a boat like a Formula Fastech, for example. I know Essex would consider it with a huge downpayment, but they don't seem to care for go-fast style boats and it is really hard to communicate with them in a timely fashion. Ask me how I know.
Jody Hamilton - Diverse Offerings finance 470-248-2655
06-28-2017 | 09:44 AM
#13
Offshoreonly Advertiser
Joined: Jan 2001
Posts: 2,063
Likes: 27
From: spring valley,ny usa
finance source for boats
Several of my clients have used them recently and told me that they were great.I called Dave Hall and informed him that he must be an advertiser and pay to be on OSO.. I just insured a 2013 39 HP boat today that they financed.
06-28-2017 | 09:55 AM
#14
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Joined: Aug 2004
Posts: 324
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From: AZ
Great to hear Dave Hall is getting it done, always good to have another source for financing for our clients.
06-29-2017 | 03:58 PM
#15
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Joined: Oct 2004
Posts: 673
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From: Long Island, New York
Amazing Service
Dave just financed my purchase. Called him on Monday, was approved Tuesday morning , paperwork went in Tuesday afternoon, check was fedexed today ( Thursday ) Picking up the boat on Saturday.
You can't ask for better service than that!!! And to top it all off, Dave got me an interest rate of 4.5%
Highly Recommended!!
Thanks Dave!!
imax
You can't ask for better service than that!!! And to top it all off, Dave got me an interest rate of 4.5%
Highly Recommended!!
Thanks Dave!!
imax
04-05-2018 | 05:57 PM
#16
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Joined: Jan 2004
Posts: 704
Likes: 1
From: Cleveland, OH
If your credit is strong, like 775 plus, I would strongly suggest Lightstream. The type of boat or its value never comes into question until your approved and even then it's just to verify that it's a boat, RV or airplane. Way too easy if you ask me lol. AND they don't slap a lien on it, it's an unsecured loan under 5% apr.
04-05-2018 | 06:03 PM
#17
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Joined: Jan 2004
Posts: 704
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From: Cleveland, OH
Kinda re-hashing an old post.. .but I guess it's that time of year again.
Question I have is... I'm trying to buy a 2001 Baja, but the dealer said he can only get financing for 10 years. That sux. I just sold my boat that I had for 14 years... it was a 20 year loan. So question is... is there a lender out there that will finance like the old days... gimme a 15 or hopefully a 20 year loan on $55k - $60k (depending on down payment requirement) for a 17 year old boat? If so... what are the rates and the undermining terms.... meaning insurance, survey, left arm. etc.
Question I have is... I'm trying to buy a 2001 Baja, but the dealer said he can only get financing for 10 years. That sux. I just sold my boat that I had for 14 years... it was a 20 year loan. So question is... is there a lender out there that will finance like the old days... gimme a 15 or hopefully a 20 year loan on $55k - $60k (depending on down payment requirement) for a 17 year old boat? If so... what are the rates and the undermining terms.... meaning insurance, survey, left arm. etc.
04-05-2018 | 07:46 PM
#18
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From: Okie
04-05-2018 | 08:34 PM
#19
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Joined: Jul 2017
Posts: 1,740
Likes: 298
From: Sodus MI
Kinda re-hashing an old post.. .but I guess it's that time of year again.
Question I have is... I'm trying to buy a 2001 Baja, but the dealer said he can only get financing for 10 years. That sux. I just sold my boat that I had for 14 years... it was a 20 year loan. So question is... is there a lender out there that will finance like the old days... gimme a 15 or hopefully a 20 year loan on $55k - $60k (depending on down payment requirement) for a 17 year old boat? If so... what are the rates and the undermining terms.... meaning insurance, survey, left arm. etc.
Question I have is... I'm trying to buy a 2001 Baja, but the dealer said he can only get financing for 10 years. That sux. I just sold my boat that I had for 14 years... it was a 20 year loan. So question is... is there a lender out there that will finance like the old days... gimme a 15 or hopefully a 20 year loan on $55k - $60k (depending on down payment requirement) for a 17 year old boat? If so... what are the rates and the undermining terms.... meaning insurance, survey, left arm. etc.
Not sure if you have them in Ohio or if they are just Michigan but I just bought my boat through Honor credit union last year...I have not great credit and a pretty high debt to income ratio and they still financed it pretty painlessly...its a 97 and they did it on a 15 year at I believe 4.25....they do go off of NADA value however and I had to make up the 4k difference in what they said its worth vs what I paid but other than that it would have been zero down
Stewart
