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Go Back   WakeWorld > >> Boats, Accessories & Tow Vehicles Archive > Archive through February 17, 2004

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Old    lucky            02-16-2004, 1:27 PM Reply   
Does anyone know of any finance company that will offer boat loans on older boats. (for example an '82 Ski Nautique)
Old     (pierce_bronkite)      Join Date: Jul 2003       02-16-2004, 1:43 PM Reply   
You may want to give this bank a shot...http://www.boatfinance.com/
Old    aka Brad Beach            02-16-2004, 2:00 PM Reply   
Try your local credit union.
Old     (kvkev)      Join Date: Oct 2003       02-16-2004, 5:05 PM Reply   
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!!
Old     (cdm)      Join Date: Aug 2003       02-16-2004, 10:15 PM Reply   
sound good..
Old    lucky            02-17-2004, 8:47 AM Reply   
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.
Old     (kvkev)      Join Date: Oct 2003       02-17-2004, 4:57 PM Reply   
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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