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#12855322 - 08/06/18 01:34 PM Interest rates?
Bissett Offline
TFF Team Angler

Registered: 07/09/13
Posts: 4632
Loc: Broken Arrow, OK
What would an average interest rate be for boat loans? Just looking for something I can use to crunch some numbers. I have excellent credit if that helps narrow it down and let's say I would be looking to put 10k-15k down and borrow 25k-30k.

I'd love to just save up and but one with cash but I don't think I can go boatless that much longer lol
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#12855406 - 08/06/18 02:41 PM Re: Interest rates? [Re: Bissett]
reclending.com Offline
Angler

Registered: 10/29/10
Posts: 348
Originally Posted By: Bissett
What would an average interest rate be for boat loans? Just looking for something I can use to crunch some numbers. I have excellent credit if that helps narrow it down and let's say I would be looking to put 10k-15k down and borrow 25k-30k.

I'd love to just save up and but one with cash but I don't think I can go boatless that much longer lol


Thank you for the question. We are seeing rates from the general upper 5%'s and up from there. Term will be based on the financed amount. The general cutoff line is around $25,000 for longest terms. We are ready when you are.
Thank you,
Ken
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#12855485 - 08/06/18 03:29 PM Re: Interest rates? [Re: Bissett]
Bissett Offline
TFF Team Angler

Registered: 07/09/13
Posts: 4632
Loc: Broken Arrow, OK
I appreciate it Ken! I'll definitely give you a shout when I'm ready!
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#12859280 - 08/09/18 05:51 PM Re: Interest rates? [Re: Bissett]
shotgunwilly Offline
Pro Angler

Registered: 06/22/08
Posts: 848
Check with Resource One Credit Union. They offered me 3.8% on 72 months.

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#12862631 - Yesterday at 08:29 AM Re: Interest rates? [Re: Bissett]
reclending.com Offline
Angler

Registered: 10/29/10
Posts: 348
As with MOST Credit Unions, they have a footprint. There are a few national ones but not many. From what I saw, Resource One covers an area around Dallas, TX. Bissett looks to be from Oklahoma.
Ken


Edited by reclending.com (Yesterday at 10:04 AM)
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