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re: Boat Financing Question for you guys... $35,000 - $45,000 boat
Posted on 8/18/20 at 5:31 pm to bayouvette
Posted on 8/18/20 at 5:31 pm to bayouvette
quote:but that isn’t what you did.
10 year loan on a 22k boat for 175 a month paid off in 6 years.
You do you, but don’t change the narrative.
2
Posted on 8/18/20 at 7:11 pm to tigerfoot
He is doing him. You are worried about him.
Posted on 8/18/20 at 7:23 pm to civiltiger07
No not at all.
I think it is foolish to finance 22k for 10 years. You use the term worried.
A guy commented that he thought my idea of boat financing was crazy, I dont think he is worried. He has an opinion, he expressed it.
I think it is foolish to finance 22k for 10 years. You use the term worried.
A guy commented that he thought my idea of boat financing was crazy, I dont think he is worried. He has an opinion, he expressed it.
Posted on 8/18/20 at 7:41 pm to tigerfoot
This thread makes me believe I can afford a nice boat.
Posted on 8/18/20 at 10:17 pm to jpcajun
840 credit and ended with around a 3% note. Put 25% down. Unnoticeable note and super reasonable storage unit.
That said, we didn’t go for the Yellowfin, Shearwater, Contender, etc. We stayed reasonable with a solid mid-tier boat for functional reasons for purchase.
Ours is through a local credit union.
That said, we didn’t go for the Yellowfin, Shearwater, Contender, etc. We stayed reasonable with a solid mid-tier boat for functional reasons for purchase.
Ours is through a local credit union.
Posted on 8/19/20 at 4:23 am to jpcajun
Yeah boat financing is pretty easy. Rates aren’t quite as low as auto rates but they’re close (add a point or 2). I’ve financed several for people at 8, 10, and 12 years.
With rates so low you could finance $45k over 10 years, have a manageable note, and only about $8k in interest (over the life of the loan). I get the argument about not financing a depreciating asset, and not financing it for a long time, but with rates so low it makes it much more bearable.
With rates so low you could finance $45k over 10 years, have a manageable note, and only about $8k in interest (over the life of the loan). I get the argument about not financing a depreciating asset, and not financing it for a long time, but with rates so low it makes it much more bearable.
Posted on 8/19/20 at 7:23 am to Slickback
Who do you work for?
Posted on 8/19/20 at 1:36 pm to bayouvette
Rec Lending is very helpful, all they hand are "Toys"
Posted on 8/19/20 at 4:08 pm to tigerfoot
quote:
but that isn’t what you did.
You do you, but don’t change the narrative.
I'm not changing the narrative. You just arguing. I'm stating how a 10yr loan paid off in 6 is a good deal.
My boat is paid for and never once was I in a bind.
Also with reclending if the boat is less than 7yrs old you can get a 2yr engine warranty for a couple grand
Posted on 8/19/20 at 4:17 pm to jpcajun
Do Not Pay him a penny over Pay Off
Posted on 8/19/20 at 8:35 pm to jpcajun
kessler credit union has great rates but check with merrick bank their rates are good if have strong credit
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