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.

I'd suggest starting with your local credit union, they seem to be more flexible with financing for their members.

I just kind of added this in another thread, so sorry for any redundancy.

I wound up going with a broker. We wanted a longer term and so while some credit unions may have worked out, their terms didn't.

I went with RecLending for the broker, they found the loan through MB Financial (MB only does indirect lending for boats, so you'd have to use a broker), and we were able to get 100% financing on a 2003MY boat. If it were a typical lender just using base NADA, we would have been $20,000+ short of that.

So, it is possible.

I am looking to do a something similiar, curious on the length of loan offered and rate, if you dont mind. You can send it in a pm if you want. Thanks

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.

yeah, last I looked I was 785. Under 5% sounds great, is that a long term, like 10 or 15yr, or just standard 60-72mo

You set your terms. There's an easy online application and you will have a decision before this afternoon.

Ok, I will look into it, thanks.

This sounds way to good to be true.

agreed..