Financing a new boat?
 

How many of you'll went with the 12 year financing when purchasing your boat? When you crunch the number it seems like robbery.

I went 12 years with Bank of the West. I pay double payments though. What did you get?

Damn....Did not know you could finance a boat that long???? Most Credit Unions have good rates right now....If your company has one

I have banked with Calcasieu Marine/Hibernia/Capitol One for 30 years.
They wanted 18.5% for a boat loan.
The boat dealer wanted 8%.
I got 6.5% from my Credit Union.
I got a 5 year note, not a 12 year.

shop around i did mine with neighbors fedral credit union for 8 years but couldnt stand thinking about all that intrest so i payed it off a year after i bought it. my friend told me there is a credit union called eagle something but they were giving him something crazy like 3.7 percent on 10 years . i know that your rate will go up the longer you streach it out

You dont have to be a member to get a loan from a credit union. I did it it was very easy.

JP Morgan just quit doing boat and RV loans--4-those who care
too risk adverse

I didn't pull the trigger yet!
 

I have 6 months to think about it. I am leaning to the blue wave 180 V-bay with 115 Suzuki. It should go 47 at wot. It should get no less than 5 miles to the gallon. I am looking for smaller rig than I have now. I was thinking the credit union route too. Or, paying double payments with the 12 year deal.

Blue Wave and Suzuki suck.....ain't what W's got. :spineyes:

financing is the way to go. CSE 10 year loan at 5.75 steadily keeps my line in the water any day i choose and from prien lake to the rigs. i love the low notes and get them directly withdrawn, so i never even notice the money is gone. once this one's paid off, its time to sell and finance a 25' shearwater!!!!:help:

Salty you know he has that 1200 sea fox with a trolling motor:*****::*****::*****::*****:

Yep, Minn Kota sucks 'cause he's got a MotorGuide and it's a beast....24 lb thrust and 30" shaft.

Wait a minute...I might have the numbers backwards. :eek:

omg you going to have to send me another key board:*****::*****:

12 years is a long time on a depreciating asset

Thats what I was thinking.

You positive you going to keep it for 12 years?

D, you average about a keyboard a week. :)

Salty I am glad the I have two things that W thinks are the best: Curado Reel and Yamaha 4 stroke!:*****:Salty, do you use anything that W uses???? Seems you do not!:cry:
Nasty I did mine for 8 years and hope to pay it in 6-7 thru Dow Federal Credit Union. BTW, I do not work for Dow. Anyone can get a loan thru them if your credit is good. Got it for 7.9%.

its all your fault or should I say W's. That boy dont stand a chance with you:*****:I know we are talking on the wrong thread but who cares

Thru the Credit Union I uses, they knocked off 1/2% if you put down 20% if the
total price.

The SOONER he realizes that....the better off he'll be. :eek: