texasfishingforum.com logo
Main Menu
Advertisement
Affiliates
Advertisement
Newest Members
Rey Basser, Brandontmac, SMDB, Douglasdzaster, wysmith
113741 Registered Users
Top Posters(All Time)
TexDawg 97,033
hopalong 89,658
Pilothawk 80,164
John175☮ 77,777
JDavis7873 67,400
Bigbob_FTW 67,050
Derek 🐝 64,906
Mark Perry 60,704
Tritonman 58,982
facebook
Forum Statistics
Forums62
Topics780,301
Posts9,900,760
Members113,741
Most Online36,273
Jan 23rd, 2013
Print Thread
New Boat order??? #13576720 05/30/20 09:42 PM
Joined: May 2007
Posts: 123
W
Wet the Hook Offline OP
Outdoorsman
OP Offline
Outdoorsman
W
Joined: May 2007
Posts: 123
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
Joined: Jan 2015
Posts: 493
V
Verkeith Offline
Angler
Offline
Angler
V
Joined: Jan 2015
Posts: 493
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
Joined: Apr 2017
Posts: 3,789
tmd11111 Online Content
TFF Team Angler
Online Content
TFF Team Angler
Joined: Apr 2017
Posts: 3,789
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
Joined: Jan 2015
Posts: 493
V
Verkeith Offline
Angler
Offline
Angler
V
Joined: Jan 2015
Posts: 493
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
Joined: Apr 2010
Posts: 965
barbarian Online Content
Pro Angler
Online Content
Pro Angler
Joined: Apr 2010
Posts: 965
My dealer asked for 15% down and proof of either loan approval or cash balance. LOL

Re: New Boat order??? [Re: Wet the Hook] #13636805 07/20/20 12:16 PM
Joined: Oct 2010
Posts: 371
reclending.com Offline
Angler
Offline
Angler
Joined: Oct 2010
Posts: 371
Ordered units are always a bit different. The down payment required by the dealer is more a guarantee that you will be back to finish the purchase when the boat is done. Depending on the dealer and what you are ordering, it MAY BE non-refundable. The down payment required by the lender is for a different reason. The lender down would not be paid until the deal is finished. Money in all counts the same in the deal. If you put in 10% to order, it would be the same 10% if that is the lender requirement.
Let us know if we can help.
Thank you,
Ken
(517) 930-2721 Cell if after hours


[Linked Image]

Ken Lamain
Office (517) 543-6921
Cell (517) 930-2721
Re: New Boat order??? [Re: Wet the Hook] #13640723 07/23/20 12:59 AM
Joined: Jul 2010
Posts: 2,919
W
wh2004 Online Content
Extreme Angler
Online Content
Extreme Angler
W
Joined: Jul 2010
Posts: 2,919
My dealer asked for $300 only to order. Thought that was light for a custom ordered boat.

Re: New Boat order??? [Re: Wet the Hook] #13674885 08/20/20 09:08 PM
Joined: Jun 2006
Posts: 47,366
T
TreeBass Online Content
Lt. Dan
Online Content
Lt. Dan
T
Joined: Jun 2006
Posts: 47,366
My dealer is asking $5k for a custom ordered $80k boat.


[Linked Image]

My success in life is measured by the number of hunting
and fishing stories that my kids can share with others


http://www.sure-life.com
http://dobynsrods.com
http://www.proanglertackle.com
http://www.grizzlycoolers.com
LIKE the TFF on Facebook - www.facebook.com/texasfishingforum
Re: New Boat order??? [Re: Wet the Hook] #13687033 09/01/20 12:16 AM
Joined: Nov 2007
Posts: 4,312
ssmith Online Content
TFF Team Angler
Online Content
TFF Team Angler
Joined: Nov 2007
Posts: 4,312
5k on a eighty thousand dollar boat is fair there is a lot of things that can happen from the order date to delivery if you paid nothing down it would be easy to walk away when the boat you ordered came in.

Re: New Boat order??? [Re: ssmith] #13687788 09/01/20 06:10 PM
Joined: Jun 2006
Posts: 47,366
T
TreeBass Online Content
Lt. Dan
Online Content
Lt. Dan
T
Joined: Jun 2006
Posts: 47,366
Originally Posted by ssmith
5k on a eighty thousand dollar boat is fair there is a lot of things that can happen from the order date to delivery if you paid nothing down it would be easy to walk away when the boat you ordered came in.


agreed, just commenting thumb


[Linked Image]

My success in life is measured by the number of hunting
and fishing stories that my kids can share with others


http://www.sure-life.com
http://dobynsrods.com
http://www.proanglertackle.com
http://www.grizzlycoolers.com
LIKE the TFF on Facebook - www.facebook.com/texasfishingforum
Previous Thread
Index
Next Thread


© 1998-2019 OUTDOOR SITES NETWORK all rights reserved USA and Worldwide
Powered by UBB.threads™ PHP Forum Software 7.7.3