Looking at repower options (outboards) and don't have enough cash to go with new motors at present. Anyone do motor finance at 3-4%? I'd put about 40-50% cash, and would need to finance the rest. Not really fond of financing toys, but it's that or sit out till next year so thought I'd take a look.

-greg

I would think the engine dealer you buy from has a factory backed plan. Prob with some good rates too.

Credit Union or home equity loan

CU wants 7% for boats, even though they do 3.5 for cars.

-g

If you hold clear title to the boat, buy the motors with cash and then "buy" the boat and finance the total amount- essentially a re-fi.

No doubt the car loan rate is less- at least there are avenues for liquidating auto repos- boats are tough to liquidate and recover much from.