Financing
Printed From: CorrectCraftFan.com
Category: General Correct Craft Discussion
Forum Name: Common Questions
Forum Discription: Visit here first for common questions regarding your Correct Craft
URL: http://www.CorrectCraftFan.com/forum/forum_posts.asp?TID=17021
Printed Date: November-22-2024 at 12:06pm
Topic: Financing
Posted By: bnhbutts
Subject: Financing
Date Posted: April-05-2010 at 6:35pm
Can anybody recommend a good financing company for buying a boat? and what is a good rate right now?
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Bob B.
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Replies:
Posted By: 8122pbrainard
Date Posted: April-05-2010 at 9:55pm
Bob,
If you do some searching, you'll find this topic has come up and discussed at length. The consensus has always been you don't what to finance "toys" especially in todays economic conditions. Take a look at the number of boats out there for sale. Many are hurting!! Many are even bank repos!!
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54 Atom
/diaries/details.asp?ID=2179" rel="nofollow - 77 Tique
64 X55 Dunphy
Keep it original, Pete
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Posted By: bnhbutts
Date Posted: April-06-2010 at 4:03pm
Pete,
Thanks for the advice. I am personally able to finance a boat right now and I didn't see any conversations on financing that was readily apparent on the forum. If you can point me to a place to find repos for cheap, then I am all ears. The question remains if anyone knows of a good place from which to finance a boat. Thanks.
Bob
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Bob B.
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Posted By: WakeSlayer
Date Posted: April-06-2010 at 7:26pm
If you are perfectly capable of financing your boat, I would have to think that your own bank would be the best place to start. They would know as well as you if you are able to do so, and offer a competetive rate.
I am with Pete though on this one.
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Mike N
1968 Mustang
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Posted By: bnhbutts
Date Posted: April-06-2010 at 7:32pm
Guys - thanks for the comments. I am already working with a bank on a loan, but I was wondering if anyone knew of a place to do so that specifically works on boat loans that would be apart from the normal means. I appreciate the input.
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Bob B.
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Posted By: Chris4x4gill2
Date Posted: April-06-2010 at 7:56pm
Nowhere I know of specializes in boat specific loans. I've always gotten best the rates by going through my local credit union as opposed to the local bank. Might be worth checking into a membership if you dont already have one.
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