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Dec 30th, 2023
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 Boat financing question
#14183396
11/06/21 09:01 PM
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Joined: Mar 2021
Posts: 5
RSchramm
OP
Green Horn
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OP
Green Horn
Joined: Mar 2021
Posts: 5 |
Looking to own my first boat in the coming years of which I don't know when that will be. But who's the best company to finance a boat under. And I receive roughly a 35 percent discount on bass boats for the company I work for. If I was to save $30,000 on a boat would I still need a down payment to be able to finance a boat knowing that it's worth $30,000 more of the loan amount?
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Re: Boat financing question
[Re: RSchramm]
#14183481
11/06/21 11:16 PM
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Joined: Sep 2008
Posts: 121,172
hopalong
Pescador Loco
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Pescador Loco
Joined: Sep 2008
Posts: 121,172 |
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Re: Boat financing question
[Re: RSchramm]
#14184125
11/07/21 08:36 PM
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Joined: Oct 2021
Posts: 90
Yankee_Bass
Outdoorsman
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Outdoorsman
Joined: Oct 2021
Posts: 90 |
Credit unions are typically your best bet.
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Re: Boat financing question
[Re: RSchramm]
#14184330
11/08/21 12:47 AM
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Joined: Dec 2008
Posts: 16,184
grout-scout
TFF Guru
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TFF Guru
Joined: Dec 2008
Posts: 16,184 |
I think I’d be buying boats left & right and reselling them, if I had a 35% discount over msrp. Wouldn’t need a credit union after selling 4-5 boats.
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Re: Boat financing question
[Re: RSchramm]
#14184787
11/08/21 06:08 PM
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Joined: Nov 2021
Posts: 1
TheSpot
Green Horn
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Green Horn
Joined: Nov 2021
Posts: 1 |
After checking several options (Banks, Dealer, Online, Credit unions) I found one that financed Boats using AUTO rates. It was by far the BEST option.
Tony Samford
Huntington, TX
Sam Rayburn
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Re: Boat financing question
[Re: RSchramm]
#14184799
11/08/21 06:18 PM
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Joined: Jan 2015
Posts: 860
Verkeith
Pro Angler
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Pro Angler
Joined: Jan 2015
Posts: 860 |
Looking to own my first boat in the coming years of which I don't know when that will be. But who's the best company to finance a boat under. And I receive roughly a 35 percent discount on bass boats for the company I work for. If I was to save $30,000 on a boat would I still need a down payment to be able to finance a boat knowing that it's worth $30,000 more of the loan amount? Are they hiring, if so where do I fill out an application? I second the credit union route...
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Re: Boat financing question
[Re: RSchramm]
#14184800
11/08/21 06:18 PM
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Joined: Apr 2017
Posts: 12,189
tmd11111
TFF Guru
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TFF Guru
Joined: Apr 2017
Posts: 12,189 |
Tell us more about this 35% discount
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Re: Boat financing question
[Re: grout-scout]
#14184987
11/08/21 09:24 PM
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Joined: Jun 2012
Posts: 20,740
Douglas J
TFF Guru
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TFF Guru
Joined: Jun 2012
Posts: 20,740 |
I think I’d be buying boats left & right and reselling them, if I had a 35% discount over msrp. Wouldn’t need a credit union after selling 4-5 boats. If he wants an "investor", I am sure it wouldn't be hard to find is he can get finished new boats at a 35% to resell...
#MFGA
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Re: Boat financing question
[Re: RSchramm]
#14192843
11/16/21 09:31 PM
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Joined: Nov 2017
Posts: 146
Fish2Chill 1
Outdoorsman
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Outdoorsman
Joined: Nov 2017
Posts: 146 |
Maybe I am not understanding, but first boat at $85,000?
That should get you a nice one.
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