texasfishingforum.com logo
Main Menu
Advertisement
Affiliates
Advertisement
Newest Members
TraeMartin, Power-Pole CS, T-Rigger, JoeGoes, EcKo
119150 Registered Users
Top Posters(All Time)
hopalong 120,571
TexDawg 119,516
Bigbob_FTW 94,879
John175☮ 85,892
Pilothawk 83,260
Bob Davis 81,480
Mark Perry 72,282
Derek 🐝 68,311
JDavis7873 67,416
Forum Statistics
Forums59
Topics1,037,826
Posts13,935,169
Members144,150
Most Online39,925
Dec 30th, 2023
Print Thread
New Boat order??? #13576720 05/30/20 09:42 PM
Joined: May 2007
Posts: 125
W
Wet the Hook Offline OP
Outdoorsman
OP Offline
Outdoorsman
W
Joined: May 2007
Posts: 125
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: 853
V
Verkeith Offline
Pro Angler
Offline
Pro Angler
V
Joined: Jan 2015
Posts: 853
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: 11,971
tmd11111 Online Content
TFF Guru
Online Content
TFF Guru
Joined: Apr 2017
Posts: 11,971
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: 853
V
Verkeith Offline
Pro Angler
Offline
Pro Angler
V
Joined: Jan 2015
Posts: 853
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: 1,096
barbarian Offline
Extreme Angler
Offline
Extreme Angler
Joined: Apr 2010
Posts: 1,096
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: 395
RecLending.com Offline
Angler
Offline
Angler
Joined: Oct 2010
Posts: 395
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


RecLending
Office (517) 543-6921
Email: Info@Reclending.com
Todd's Cell: 517-294-0459
Re: New Boat order??? [Re: Wet the Hook] #13640723 07/23/20 12:59 AM
Joined: Jul 2010
Posts: 4,108
W
wh2004 Offline
TFF Team Angler
Offline
TFF Team Angler
W
Joined: Jul 2010
Posts: 4,108
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: 49,558
T
TreeBass Offline
Lt. Dan
Offline
Lt. Dan
T
Joined: Jun 2006
Posts: 49,558
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


Sure-Life Products
Dobyns Rods
Holding The Line Guide Service
www.facebook.com/texasfishingforum
Re: New Boat order??? [Re: Wet the Hook] #13687033 09/01/20 12:16 AM
Joined: Nov 2007
Posts: 5,497
ssmith Offline
TFF Celebrity
Offline
TFF Celebrity
Joined: Nov 2007
Posts: 5,497
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: 49,558
T
TreeBass Offline
Lt. Dan
Offline
Lt. Dan
T
Joined: Jun 2006
Posts: 49,558
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


Sure-Life Products
Dobyns Rods
Holding The Line Guide Service
www.facebook.com/texasfishingforum
Re: New Boat order??? [Re: Wet the Hook] #13748342 10/29/20 06:15 PM
Joined: Apr 2006
Posts: 927
J
jeffsellsboats Offline
Pro Angler
Offline
Pro Angler
J
Joined: Apr 2006
Posts: 927
I'm the sales manager for Big D Marine in Huntsville, generally on custom ordering a boat we ask for a 10% deposit since it is a special ordered boat and if for some reason a customer has to back out we may have to change some features or do some sort of changing to the boat when it came in. You wouldn't believe the amount of issues that customer experience from the time a boat is ordered to the time it arrives at the store.


Jeff Ivie
Sales Manager
936-436-2101
jeff_ivie@bigdmarine
Previous Thread
Index
Next Thread

© 1998-2022 OUTDOOR SITES NETWORK all rights reserved USA and Worldwide
Powered by UBB.threads™ PHP Forum Software 7.7.3