Anyone know what boat loan rates are right now? I'm looking at 50-60k and 10-15 year. Just trying to put some numbers together. Thanks!!!

Just got a 6.5% rate for 15 years, but yours should be a little lower for the amount you want to finance.

5.99 with the possibility of a 1/4 point deduction depending on credit score, 15 years

I understand you can write off the interest on a boat loan... do you deduct it just like the interest on a mortgage?

Depends on if it qualifies as a second home.

We're looking to move up from our 26 to something with twins and more weekending comforts... so I think it would qualify... what is needed exactly for it to qualify???

Per the IRS

This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities.

damn that means there coming for me

Thanks everyone!!!! Saw something worth looking at and putting some numbers together....

Here's a question.... how much would I expect to get for a boat that has a low nada value of 31k and change.... perfect condition... I mean, do they normally take a certain percentage off the low value... how do they determine what they will give me... just trying to get a ball park figure so to work some numbers...