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-   Archive through February 17, 2004 (http://www.wakeworld.com/forum/forumdisplay.php?f=100376)
-   -   Boat Loans - Used Boats (http://www.wakeworld.com/forum/showthread.php?t=98945)

lucky 02-16-2004 12:27 PM

Does anyone know of any finance company that will offer boat loans on older boats. (for example an '82 Ski Nautique)

pierce_bronkite 02-16-2004 12:43 PM

You may want to give this bank a shot...<a href="http://www.boatfinance.com/" target="_blank">http://www.boatfinance.com/</a>

aka Brad Beach 02-16-2004 1:00 PM

Try your local credit union.

kvkev 02-16-2004 4:05 PM

I did a refinance on the house. dropped 2points and 5 years off the mortgage. Payment went down by two hundred a month and got a equity line for forty K. Bought a used SSV on the equity line and the minimum payment is 65 a month. Sure I no It wont get paid off with minimum payments but if I have a bad month it's nice to be able to only pay minimum and keep the bank of my A##.OH and the intrest is tax deductable too. Anyone have a better idea!!

cdm 02-16-2004 9:15 PM

sound good..

lucky 02-17-2004 7:47 AM

I'm not asking for myself, I am selling my '82 SN and I just wanted to have some ideas incase the buyer needs a loan. I would normally suggest the home equity loan first. But, not everyone has equity in their home or owns a home for that matter. Thank you for the help.

kvkev 02-17-2004 3:57 PM

Another thought is!! How many intrest free credit cards due you get in the mail each month that have balance transfers and cash advances for six months or a year? I paid ZERO intrest on my last boat. Put 10k on credit cards for over three years with Zero intrest. ok I had to do a little paperwork once every six months or a year and swap the balance to another card. But I Financed 10k for three years At ZERO intrest. thats selling power. print this and show it to your buyers. Hope it helps

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