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re: Boat Loan
Posted on 7/7/14 at 7:56 am to 4WHLN
Posted on 7/7/14 at 7:56 am to 4WHLN
Taking a loan out for a 12 year old boat doesn't make much sense to me. If you need a loan to pay for a luxury, non-essential item, it better be a little more reliable and new. How do you plan to pay for all the repairs
3
Posted on 7/7/14 at 8:04 am to DaBeerz
With good credit score you shouldnt have a problem.
Posted on 7/7/14 at 8:04 am to DaBeerz
quote:
Taking a loan out for a 12 year old boat doesn't make much sense to me. If you need a loan to pay for a luxury, non-essential item, it better be a little more reliable and new. How do you plan to pay for all the repairs
especially considering there is a credit card balance that can't be paid off
I just cannot imagine how anyone would ever carry any balance on a credit card.
Posted on 7/7/14 at 8:12 am to DaBeerz
I was thinking of taking the loan instead of using some of my savings. Ive never owned a boat personally but have many friends that do so Im fully aware of the maintenance and whatnot that comes with owning one. I have to start somewhere and this particular boat retains its value very well from the research I have been doing lately. I do work on the side of my normal job so having a little extra money usually isn't an issue for repairs and such.
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