- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Boat Loan
Posted on 7/7/14 at 7:49 am
Posted on 7/7/14 at 7:49 am
How hard is it these days to get a boat loan thru a bank? I have no debt outside a house note. All student loans and vehicle paid off. One credit card has a small balance but other than that Im not paying out anything. Boat is 12 years old if that makes a difference.
This post was edited on 7/7/14 at 7:50 am
9
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
Posted on 7/7/14 at 8:05 am to 4WHLN
With good credit and other assets at hand, I'm sure your bank will loan you money as long as it's not grossly above what you can afford.
Posted on 7/7/14 at 9:00 am to 4WHLN
are you a member of a credit union?
that's where the best rates on boats will be
that's where the best rates on boats will be
Posted on 7/7/14 at 11:36 am to 4WHLN
Dave Ramsey would have a field day with this one...you better be using that boat DAILY to haul in shrimp by the ton and getting top prices....
(remember a boater's 2 best days in life....the day they bought it and the day they sold it)
seriously, if you live on the water and will be using it all the time....maybe...
(remember a boater's 2 best days in life....the day they bought it and the day they sold it)
seriously, if you live on the water and will be using it all the time....maybe...
This post was edited on 7/7/14 at 11:42 am
Posted on 7/7/14 at 11:40 am to 4WHLN
Buying a boat will probably be the worst investment youll ever make.
Posted on 7/7/14 at 12:36 pm to 4WHLN
borrow against your savings
Posted on 7/7/14 at 9:17 pm to 4WHLN
We are already now into July, the boating season is more done than started, you'll have the entire amount in-hand by the end of Winter? They'll be another deal then, possibly better than the one you are looking at now, especially if you don't mind traveling to get the boat. Regardless of when you buy it, you will have expenses on a twelve year-old boat, motor and trailer as soon as you get it and start to use it. There will also be things on it that you want to change, that will take time and money.
I'd wait until next year. You can get used to your new used boat in the Spring and work out any kinks then in preparation for all next Summer.
That's just me. Everybody is different.
Good luck.
I'd wait until next year. You can get used to your new used boat in the Spring and work out any kinks then in preparation for all next Summer.
That's just me. Everybody is different.
Good luck.
Posted on 7/7/14 at 11:47 pm to 4WHLN
I don't need to read this thread. Has anyone else said NO? Find a friend who has a boat or charter one when you want to go out. Let those guys take the hit.
EDIT: If you could afford the upkeep on a boat, you wouldn't be thinking about taking a loan to buy it when you already owe on other debts. At least when you buy a car or truck with a loan, that hopefully gets you to work to make money to pay the loan off. The boat is likely just going to continue to cost you money as long as everything stays afloat.
EDIT: If you could afford the upkeep on a boat, you wouldn't be thinking about taking a loan to buy it when you already owe on other debts. At least when you buy a car or truck with a loan, that hopefully gets you to work to make money to pay the loan off. The boat is likely just going to continue to cost you money as long as everything stays afloat.
This post was edited on 7/8/14 at 12:00 am
Posted on 7/11/14 at 2:58 pm to 4WHLN
Bust Out Another Thousand. Remember that phrase. I bought my first boat used and loved every second I was in it but boy did I sink some money into it.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News