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Dec 30th, 2023
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 Financing for a Re-Power
#11252008
11/29/15 06:24 PM
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Joined: Jul 2010
Posts: 219
blondie
OP
Outdoorsman
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OP
Outdoorsman
Joined: Jul 2010
Posts: 219 |
Is it possible to get a loan for a new engine on my older boat. I have excellent credit.
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Re: Financing for a Re-Power
[Re: blondie]
#11252406
11/29/15 09:46 PM
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Joined: Jan 2010
Posts: 2,440
Dosser
Extreme Angler
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Extreme Angler
Joined: Jan 2010
Posts: 2,440 |
I asked my lendor about this and the answer was yes, but they wanted to put a lien on new motor and boat as well
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Re: Financing for a Re-Power
[Re: blondie]
#11253654
11/30/15 02:26 PM
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Joined: Oct 2010
Posts: 395
RecLending.com
Angler
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Angler
Joined: Oct 2010
Posts: 395 |
Is it possible to get a loan for a new engine on my older boat. I have excellent credit. Loans for just engines do cause some other questions to be answered. The part about having a lien currently in place does present a few more questions. Most lenders do not want to have a lien on just an engine. In BANKERS WORLD, if they would need to repo the loan, they would not want to show up with wrenches and take just an engine. I know, dumb reason by true. If there is a current loan in place, that would need to be paid off with a new loan including the engine swap. Let us know if we can help. Thank you, Ken
RecLending
Office (517) 543-6921
Email: Info@Reclending.com
Todd's Cell: 517-294-0459
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Re: Financing for a Re-Power
[Re: blondie]
#11255103
12/01/15 01:43 AM
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Joined: Jul 2010
Posts: 219
blondie
OP
Outdoorsman
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OP
Outdoorsman
Joined: Jul 2010
Posts: 219 |
Thank you for answering my question. I do not have a current lien. I will definitely get with you if I decided to go that route.
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