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Financing for a 38 Lightning w/ 700s?

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Old 12-27-2013 | 10:30 AM
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Default Financing for a 38 Lightning w/ 700s?

Any good recommendations for financing that doesn't want 30% down and 30% liquid cash reserves.
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Old 12-27-2013 | 12:20 PM
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I would be nervous signing up for that pymt with 30% down
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Old 12-28-2013 | 09:04 AM
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Originally Posted by GL@PBC
Any good recommendations for financing that doesn't want 30% down and 30% liquid cash reserves.

I don't know if it works for you but around here there are a couple of credit unions that seem to be the way to go. My friend just got one last summer, used Christian Financial Credit Unoin. He said they're super easy to deal with. I didn't ask to many details but I do know he only had to put down 10% and the boat was 80ish. Not sure on the length of the loan. You may be spending considerably more than that? If that's the case I'm not sure.

Good Luck!
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Old 12-28-2013 | 09:25 AM
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Try Key Bank - they have a decent marine program but I'm not sure if they do performance anymore.
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Old 12-28-2013 | 10:53 PM
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Are you shopping yourself or using a broker?

www.thedonedeal.com
Talk to Robin. She knows what's what.

That said; 30% down and 30% liquid is pretty standard right now.

Last edited by Sydwayz; 12-28-2013 at 10:59 PM.
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Old 12-29-2013 | 07:53 AM
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Jason @ coastal finance would be my first choice
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Old 12-29-2013 | 09:01 PM
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Got mine this past May through Key Bank. They were great to deal with. And they didn't require any amount down..

I put a good chunk down when I bought my boat but they went by what the value of the boat is.
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Old 12-30-2013 | 09:36 AM
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Thanks for the suggestions, I'm the broker looking for a customer of mine.
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Old 12-31-2013 | 01:42 PM
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A client of mine is getting a loan on a new 160 mph 38 Skater,I will know the source shortly.
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Old 01-16-2014 | 03:03 PM
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Sy, any luck with your buyer acquiring decent financing?
Glenn Labor
Performance Boat Center
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