Boat loan financing, who did you use?

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cib11b
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Boat loan financing, who did you use?

Postby cib11b » Sun May 10, 2015 3:51 pm

Looking to buy a new/used boat in a few months. Ive got a budget of 26k. I have excellent credit and am wondering who you guys used to finance your boat through? Interest rates, term in mo's etc. Any help, and or advice?
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Talib707
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Location: Vacaville

Re: Boat loan financing, who did you use?

Postby Talib707 » Mon May 11, 2015 2:27 pm

Boat financing is high interest rate even with good credit. I have excellent credit and it was still high. What I did to get credit lower is soldo truck to my wife (she wasn't on truck). I took that loan money and bought a boat. The payment is still a payment but 2.49 percent interest on a truck loan is better than 7 percent on a boat any day.

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cib11b
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Re: Boat loan financing, who did you use?

Postby cib11b » Mon May 11, 2015 4:28 pm

I have considered this, however my wife does not work and we just purchased a brand new vehicle. I don't believe we have enough "equity" in the vehicle. I have seen US Bank offer 4.75%, however I have not sit and talked with them yet. Just wanted to get a feel on what people have good and bad experience with.
Ohh son!! That's a 4, 5 ,7 8, 12 punder son!!

2016 Ranger Z175 Lime Green Fusion!

User avatar
cib11b
Posts: 647
Joined: Sat Nov 01, 2008 11:01 am

Re: Boat loan financing, who did you use?

Postby cib11b » Mon May 11, 2015 4:28 pm

I have considered this, however my wife does not work and we just purchased a brand new vehicle. I don't believe we have enough "equity" in the vehicle. I have seen US Bank offer 4.75%, however I have not sit and talked with them yet. Just wanted to get a feel on what people have good and bad experience with.
Ohh son!! That's a 4, 5 ,7 8, 12 punder son!!

2016 Ranger Z175 Lime Green Fusion!

Talib707
Posts: 23
Joined: Sun Sep 21, 2014 4:46 pm
Location: Vacaville

Re: Boat loan financing, who did you use?

Postby Talib707 » Mon May 11, 2015 9:28 pm

I used travis credit union but did it for my truck. If they give you anything in the 4% area that is good in a boat. Most banks take another .5 percent off if you do direct deposit/electronic payment.

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cib11b
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Re: Boat loan financing, who did you use?

Postby cib11b » Tue May 12, 2015 11:36 pm

Thank you for the Info. Much appreciated
Ohh son!! That's a 4, 5 ,7 8, 12 punder son!!

2016 Ranger Z175 Lime Green Fusion!


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