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Dec 30th, 2023
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 Re: Interest rate one a new boat
[Re: Gtexas]
#2731715
10/14/08 11:11 AM
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Joined: Aug 2007
Posts: 46
Crockpot
Outdoorsman
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Outdoorsman
Joined: Aug 2007
Posts: 46 |
I got 7.04% from State Farm Bank and my credit runs in the mid 700s.
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Re: Interest rate one a new boat
[Re: Crockpot]
#2731867
10/14/08 11:55 AM
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Joined: Jan 2008
Posts: 1,544
BigDave1
Extreme Angler
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Extreme Angler
Joined: Jan 2008
Posts: 1,544 |
Bought a 5th wheel two weeks ago and the rate at Viewpoint bank was 7.49% up to 10 years. State Farm was 7.79%. All other banks were 8.25% to 9.5%. 7.99% doesn't sound too bad at all.
Money is out there to loan if you have good credit and not a lot of debt.
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Re: Interest rate one a new boat
[Re: Gtexas]
#2737916
10/15/08 07:16 PM
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Joined: Oct 2008
Posts: 384
briansgi
Angler
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Angler
Joined: Oct 2008
Posts: 384 |
I was talking to the boat dealer today about getting a new boat. They said the best interest rate I could get right now was 7.99% even with a 800+ credit rating.
Is that normal for a new boat?
I got 2.9% on my truck.
The boat was over 20k off the $62,000 MSRP!
$39,899 for a 2008 20'6" Ranger.
I can see my self going in debt soon.
(Please don't start trashing Rangers)
Is there some place I can get better financing for a boat than the dealer?
The NADA low retail for my current boat is $10,670 but they only offered $6000.
Anyone want to buy a 1998 20,5" Procraft F&S?
That's quite a discount the dealer is quoting you, do you mind telling me what model boat this is and what motor? I called a local Ranger dealer the other day and a Z20 with Etec was discounted down to $48000 but I wasn't too impressed with that. I'm looking at a used 2008 Z20 with Yamaha 225 and the guy wants $38500 for it, I'd rather have a brand new one if I can get a discount like you found!
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Re: Interest rate one a new boat
[Re: briansgi]
#2738861
10/15/08 11:48 PM
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Joined: Jun 2007
Posts: 386
Gtexas
OP
Angler
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OP
Angler
Joined: Jun 2007
Posts: 386 |
Its a 2050 Reata.
Not a straight Bass boat
More of a Walleye Boat.
But it comes with a bimini and a ski pole.
I really like the full windshield in the winter on Texoma
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Re: Interest rate one a new boat
[Re: Gtexas]
#2739288
10/16/08 08:37 AM
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Joined: Oct 2004
Posts: 38,822
KingwoodCat
TFF Guru
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TFF Guru
Joined: Oct 2004
Posts: 38,822 |
you should be able to beat that rate with a bank or credit union, i dont think the dealer will be too happy about it though. my credit is in the 700s and i found a rate of 7.14 without trying too hard.
what engine does it have? 225 Yamaha I guess I need to sell my boat before I go to buy the new one. I just cant see taking $6000 for it. Boats are like cars in a dealer's eyes. If he takes your boat on trade, he expects to make money off it when he sells it. The difference is, he has a bigger outlet than you do. You just need to advertise on several different forums and be patient. If you can't do that, then take what the dealer offers.
"Any man who thinks he can be happy and prosperous by letting the government take care of him had better take a look at the American Indian".
Henry Ford
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