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Old     (westsiderippa)      Join Date: Dec 2006       07-24-2013, 11:45 PM Reply   
anyone out there being denied a boat loan do to the fact the the boat you were trying to purchase was older then 2007? this has nothing to do with how much the loan is for it could be for $1.00 but the fact that the boat itself is 2006 or older the bank will not loan on it. this is happening to a friend of mine right now. he is looking for about a 10k loan on an 05 sante 210 with about 150 hrs and clean as the day it was made. he has zero credit card debt. has a very low DTI with a very low mortgage and a great credit score. so what gives? he's been getting turned down by multiple banks for this boat but they will straight up lend him as much money as he wants for a newer boat. anyone else experiencing this?

 
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