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Dec 30th, 2023
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 Re: reclending or other?
[Re: wh2004]
#13661856
08/09/20 09:01 PM
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Joined: Jul 2010
Posts: 4,108
wh2004
OP
TFF Team Angler
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OP
TFF Team Angler
Joined: Jul 2010
Posts: 4,108 |
Guess I should have clarified. I want a longer term than it seems most credit unions will allow also.
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Re: reclending or other?
[Re: wh2004]
#13662621
08/10/20 02:15 PM
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Joined: Oct 2009
Posts: 353
tjbubba1
Angler
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Angler
Joined: Oct 2009
Posts: 353 |
Reclending bought 4 boats thru them they beat any dealers rates that I got.
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Re: reclending or other?
[Re: wh2004]
#13662862
08/10/20 04:56 PM
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Joined: Nov 2002
Posts: 5,051
BMCD
TFF Celebrity
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TFF Celebrity
Joined: Nov 2002
Posts: 5,051 |
What is considered a good rate in the last few months? I know they have gone up in the last 2 years.
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Re: reclending or other?
[Re: wh2004]
#13662871
08/10/20 05:00 PM
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Joined: May 2019
Posts: 6,870
avid_basser
TFF Celebrity
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TFF Celebrity
Joined: May 2019
Posts: 6,870 |
RecLending
Great folks, very easy to work with, very good rate and length of loan
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Re: reclending or other?
[Re: wh2004]
#13663572
08/11/20 12:46 AM
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Joined: Jan 2010
Posts: 750
Mark in Frisco
Pro Angler
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Pro Angler
Joined: Jan 2010
Posts: 750 |
I believe that the year of the boat makes a big difference in loan term. In the past I have gotten a better rate at a CU, but the shorter term was killing me. I put more money down than I could afford to lower my payment, but they only further shortened the term so I really didn't lower my monthly payments.
This time I am getting a slightly higher rate at Rec Lending, but the term is much more affordable (for the short term).
Mark in Frisco
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Re: reclending or other?
[Re: wh2004]
#13665116
08/12/20 12:36 PM
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Joined: Oct 2016
Posts: 344
~Moose~
Angler
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Angler
Joined: Oct 2016
Posts: 344 |
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Re: reclending or other?
[Re: wh2004]
#13665237
08/12/20 02:20 PM
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Joined: Jul 2010
Posts: 4,108
wh2004
OP
TFF Team Angler
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OP
TFF Team Angler
Joined: Jul 2010
Posts: 4,108 |
I’ve never had a problem getting a loan but reclending wanted 21.5% down and still offered over 7% interest. Sorry that’s crazy. Oh well. Went through the dealer (which has never been the best option for me on any purchase be it car, boat, or RV) and they offered 2 percentage points better with 10% down. Pick up my boat Saturday 
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Re: reclending or other?
[Re: wh2004]
#13665272
08/12/20 02:43 PM
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Joined: Jul 2010
Posts: 4,108
wh2004
OP
TFF Team Angler
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OP
TFF Team Angler
Joined: Jul 2010
Posts: 4,108 |
Not bashing btw. Seemed like a smooth process and they were helpful through texts and email.
Just didn’t work out for me with them for some reason.
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