93879 Members
58 Forums
754793 Topics
9891353 Posts
Max Online: 36273 @ 01/23/13 02:34 PM
|
|
#3065021 - 01/30/09 06:39 AM
best place for boat financing?
|
Extreme Angler
Registered: 01/10/07
Posts: 1069
|
guys , where is the best place to get boat financing ? what is a good rate for a boat and how long can you finance a boat ? thanks !
|
|
Top
|
|
|
|
#3065051 - 01/30/09 06:51 AM
Re: best place for boat financing?
[Re: txtider]
|
TFF Celebrity
Registered: 12/28/02
Posts: 7311
Loc: Sachse, TX, USA
|
Credit Union normally and all the other stuff depends on your credit.
|
|
Top
|
|
|
|
#3065107 - 01/30/09 07:01 AM
Re: best place for boat financing?
[Re: Judd]
|
burro desagradable
Registered: 08/20/03
Posts: 16382
Loc: Frisco, Texas
|
State Farm was doing with cheap rates, if you had insurance with them
Don't know if they still do it
_________________________
 Plano Plumbing and Leak Detection Jack Lantrip - Master Plumber #38783 972 672 8616
|
|
Top
|
|
|
|
#3065112 - 01/30/09 07:02 AM
Re: best place for boat financing?
[Re: Judd]
|
Extreme Angler
Registered: 02/26/04
Posts: 1843
Loc: Longview, TX
|
Depends on your dealer and what lenders they have access to. New boat loans can go all the way to 20 yrs and interest rates vary from 6.9% to above 11%. Gonna depend on your credit rating.
_________________________
"I didn't get to where I am today worrying about how I'm going to feel tomorrow" - Ron White
"I am a sinner who does not expect forgiveness, but I am not a Government Official." - Mr. W - Deadwood Season 2
|
|
Top
|
|
|
|
#3065117 - 01/30/09 07:02 AM
Re: best place for boat financing?
[Re: Judd]
|
TFF Team Angler
Registered: 03/22/04
Posts: 3445
Loc: little elm, tx
|
I financed mine at Texans Credit Union. I did a f 5yr loan at 4.9%. But the rate depends on your credit, the term depends on the amount you are going to finance. I've heard of people financing boats for up to 10yrs.
_________________________
"IF YOU AIN'T FROM TEXAS, THEN STICK IT!!"  www.addisonautodeals.com NEED A CAR? GOT BAD CREDIT? *******************************NO PROBLEM!!!!!!!!!
|
|
Top
|
|
|
|
#3065160 - 01/30/09 07:11 AM
Re: best place for boat financing?
[Re: txsuperman]
|
TFF Guru
Registered: 09/29/03
Posts: 12679
Loc: Plano, Tx
|
I've had good experience with Key Bank, they do alot of boat financing.
_________________________
 http://www.denalirods.com “Some men fish all their lives without knowing it is not really the fish they are after.” -Henry David Thoreau
|
|
Top
|
|
|
|
#3065164 - 01/30/09 07:11 AM
Re: best place for boat financing?
[Re: txtider]
|
TFF Celebrity
Registered: 03/28/07
Posts: 7900
Loc: Plano,Texas
|
Did an 06 Skeeter 20i at Plano Marine 7.49% minimum term of 5 years. Need 700 or better score. My State Farm agent is going to give me a re-finance bid,says it will be cheaper. Got my house,cars and boat with them.
|
|
Top
|
|
|
|
#3065199 - 01/30/09 07:17 AM
Re: best place for boat financing?
[Re: forkduc]
|
TFF Team Angler
Registered: 04/15/08
Posts: 3866
|
I have no idea about your situation (credit rating, how much you need, equity you have in property, etc.) but if you can do it on a home equity loan or line of credit, I think its the best deal. You can write-off your interest and rates will be pretty close as low as you'll get.
|
|
Top
|
|
|
|
#3065212 - 01/30/09 07:20 AM
Re: best place for boat financing?
[Re: JPost]
|
TFF Team Angler
Registered: 02/04/05
Posts: 3554
Loc: Town of the Cow
|
You are also removing the security you have in your house to buy a bass boat.
|
|
Top
|
|
|
|
#3065230 - 01/30/09 07:23 AM
Re: best place for boat financing?
[Re: cbyrom]
|
TFF Team Angler
Registered: 04/15/08
Posts: 3866
|
You are also removing the security you have in your house to buy a bass boat. True, depends on your situation.
|
|
Top
|
|
|
|
#3065245 - 01/30/09 07:25 AM
Re: best place for boat financing?
[Re: JPost]
|
Extreme Angler
Registered: 02/18/08
Posts: 1416
Loc: On The Water NE Texas
|
Credit Unions are usually good on rates and terms. Got mine on 7.25% for 5 yrs but I didn't buy a brand new one (07 model). Rate for new was 5%. You also get really good/personal customer service and my CU is very eager to make loans even in this economy as long as your credit is good, (700+).
|
|
Top
|
|
|
|
#3065337 - 01/30/09 07:43 AM
Re: best place for boat financing?
[Re: BigLeslie]
|
TFF Celebrity
Registered: 06/09/08
Posts: 5167
Loc: Power Lines
|
credit union of texas was great with me.
_________________________
blackgunmovement.com
|
|
Top
|
|
|
|
#3066841 - 01/30/09 01:39 PM
Re: best place for boat financing?
[Re: TdRoss]
|
Extreme Angler
Registered: 06/05/08
Posts: 1011
Loc: Celina, Tx.
|
I got 5.1% about 2 months ago through Resource One Credit Union. If you are interested PM me and I will get you the number and the contact.
|
|
Top
|
|
|
|
#3068036 - 01/30/09 06:40 PM
Re: best place for boat financing?
[Re: JPost]
|
Angler
Registered: 03/03/06
Posts: 414
Loc: Red Oak, TX
|
I have no idea about your situation (credit rating, how much you need, equity you have in property, etc.) but if you can do it on a home equity loan or line of credit, I think its the best deal. You can write-off your interest and rates will be pretty close as low as you'll get. Was under the impression you don`t want to use home equity to purchase a depreciating product. But that is just a thought. JD 
|
|
Top
|
|
|
Moderator: don the angler, FattyMcButterpants, Fish Killer, J-2, Jerrybign, Jons3825, LoneStarCarper, NoconaBrian, RedSkeeter, Robbie Milam, Rockie Martin, Toontroller, Uncle Zeek, Weekender
|
Previous Topic
Index