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Boat Finance

Posted on 8/3/15 at 12:19 pm
Posted by swanny297
NELA
Member since Oct 2013
2189 posts
Posted on 8/3/15 at 12:19 pm
Just looking for some quick suggestions aside from credit unions and local banks, is there any "boat lenders" that handle just boats. I have checked local credit unions and even some dealer financing just wondering if there were any other players...

TIA
Posted by highpockets
Lafayette
Member since Feb 2015
1894 posts
Posted on 8/3/15 at 12:30 pm to
I ended up using State Farm to finance, they beat the other rates from everyone including dealers.
Posted by Wtodd
Tampa, FL
Member since Oct 2013
67482 posts
Posted on 8/3/15 at 12:44 pm to
Just pay cash after you get your BP settlement check brah
Posted by WHODAT514
Walker, La
Member since Mar 2012
1870 posts
Posted on 8/3/15 at 12:46 pm to
I used essential federal credit union formerly dow credit union.I have gotten really low interest rates but that depends on credit. Good luck and shop around.
Posted by swanny297
NELA
Member since Oct 2013
2189 posts
Posted on 8/3/15 at 1:30 pm to
quote:

Just pay cash after you get your BP settlement check brah


Good input
Posted by MarshMan
Ponchatoula
Member since May 2015
615 posts
Posted on 8/3/15 at 3:26 pm to
Here we go with all the OBers that pay cash for their 80k+ boat.


Try essential as stated above. That's who I use. Real easy to deal with.
Posted by Chris4x4gill2
North Alabama
Member since Nov 2008
3092 posts
Posted on 8/3/15 at 3:30 pm to
I used my local Credit Union last time. They typically have the best rates around. State Farm, where I have my auto and home policy would have finianced it at a similair rate but I didnt know that until after I had purchased.
Posted by Artie Rome
Hwy 1
Member since Jul 2014
8757 posts
Posted on 8/3/15 at 3:33 pm to
I suggest renting.
Posted by hawgndodge
Member since Jun 2009
4736 posts
Posted on 8/3/15 at 5:25 pm to
Refi That puppy with us (state farm) , we'll include gap insurance at no cost.
Posted by MWP
Kingwood, TX via Monroe, LA
Member since Jul 2013
10400 posts
Posted on 8/3/15 at 7:31 pm to
Don't finance toys.
Posted by seeinspots
Baton Rouge
Member since Apr 2014
1101 posts
Posted on 8/4/15 at 9:11 am to
Went through Campus Federal in BR. Happy with the end result but the process was frustrating. Noone at CFCU seemed to know how to write up a boat loan or what paperwork was needed from the DOT or LDWF. Make sure your lender understands the process.
Posted by Chris4x4gill2
North Alabama
Member since Nov 2008
3092 posts
Posted on 8/4/15 at 9:30 am to
quote:

Refi That puppy with us (state farm) , we'll include gap insurance at no cost.


She's paid for now.
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