Current Rates

(sidwayz) · (sidwayz) **Join Date: Jan 2008** 06-20-2008, 3:38 PM

What kind of loan rates are people getting these days?

(rodltg2) · (rodltg2) **Join Date: Oct 2005** 06-20-2008, 4:02 PM

7.75 is good right now

(peter_c) · (peter_c) **Join Date: Sep 2001** 06-20-2008, 4:15 PM

My credit union shows 5.99% for new with 6.24% for used. There is also a 1/2 percent discount for direct debit. This winter is going to be a great time to buy a boat...scratch that, steal a boat. It is a buyers market and only going to get better.

(allen) · (allen) **Join Date: Apr 2005** 06-20-2008, 4:20 PM

Norcal Master Craft has freakin retarded deals right NOW why wait till winter.

(trainwreck) · (trainwreck) **Join Date: Jun 2006** 06-20-2008, 5:30 PM

Yeah, I wouldn't wait. You can ALWAYS refinance same year boats as "new".

:-)

I'm @ 6.99% from last July @ ACU of Texas

http://www.acutx.org

(h20jnky) · (h20jnky) **Join Date: Mar 2003** 06-20-2008, 5:39 PM

you're not kidding! after we sold our VTX last month and paid off the loan the bank has been calling at least twice a month with all kinds of rate concessions to "earn our business" for the new one we plan on buying and financing a portion of the purchase... hmmmmmm, how low will they go? i like peter's figure of 5.99% for new, wonder if they will do that used..

(h2oproaccessories)

4.00% Pretty dang low. It's lower than my house at 5.5%

(olskooltige) · (olskooltige) **Join Date: Mar 2007** 06-21-2008, 1:05 PM

I got 6.75 on Friday, but 7.5 is very good for a new boat through one of the larger banks right now.

Even though prices are coming down, rates are going up. Home rates are in the low 6's now. Lower than that requires buying points. My credit Union is having a rate *sale* right now for 6.5 in any sum, but the payout timeframe is 8 years.

(Message edited by olSkoolTige on June 21, 2008)