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Jan 23rd, 2013
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New Boat order??? #13576720 05/30/20 09:42 PM
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Wet the Hook Offline OP
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Curious if any of you have ever ordered a new boat? If so, what can a man expect as far as down payments requirements prior to accepting the boat. Are all dealerships similar or do some have different requirements? Trying to hash out all detail prior to walking in blind. Been dreaming of doing this since I was knee hog to a grass hopper... Thank you in advance for your wisdom and suggestions.

Re: New Boat order??? [Re: Wet the Hook] #13580180 06/02/20 10:16 PM
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Verkeith Offline
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Typically dealerships require a 10% down payment. You may want to check with your local credit union, if you're thinking about not putting any money down, but the thing with credit unions you'll more than likely have a shorter term than what most dealerships will offer. I hope this helps. Congrats in advance!!

Re: New Boat order??? [Re: Verkeith] #13580264 06/02/20 11:38 PM
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tmd11111 Online Content
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Originally Posted by Verkeith
Typically dealerships require a 10% down payment. You may want to check with your local credit union, if you're thinking about not putting any money down, but the thing with credit unions you'll more than likely have a shorter term than what most dealerships will offer. I hope this helps. Congrats in advance!!


Actually its the lenders that want 10% down but if your credit and debt/income ration is stout enough you can get approved with zero down.

Re: New Boat order??? [Re: tmd11111] #13580329 06/03/20 12:21 AM
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Verkeith Offline
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Originally Posted by tmd11111
Originally Posted by Verkeith
Typically dealerships require a 10% down payment. You may want to check with your local credit union, if you're thinking about not putting any money down, but the thing with credit unions you'll more than likely have a shorter term than what most dealerships will offer. I hope this helps. Congrats in advance!!


Actually its the lenders that want 10% down but if your credit and debt/income ration is stout enough you can get approved with zero down.

You are correct sir...dealership are just that, they typically have a number of different lenders they deal with...thanks for clearing that up!

Re: New Boat order??? [Re: Wet the Hook] #13586950 06/08/20 11:50 AM
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barbarian Offline
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My dealer asked for 15% down and proof of either loan approval or cash balance. LOL

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