I found exactly what i want a new 1648 grizzly decked out the works for 7500 msrp i have two questions? the guy at bass pro shops said the best interest rate they good do was 8.99 percent, my credit score is like 775 and i have a very low debt to icome rate i own everything but my truck. Is this too high and would i get a better deal at a credit union ? My question question is if i think the price is high should i try and haggle them down ?

Always try to haggle and yes go to your credit union and see what you can get

You have very good credit. That should increase your buying power. Yes, that percentage is too high for the level of credit that you have. Based on your credit score you should be in the 6 to 8 percent range. Shop around for the best deal if you have the time. don't give up dollars that you can put back into the boat. 8.75 is for an average credit rating at my credit union. You have almost perfect credit.

With the national and regional lenders we work with, part of the rate is due to the amount financed. We work with only banks and they charge a premium for loan amounts under $10K. You may find a CU with something lower but watch the terms. 775 is a good score but remember there are 3 bureaus and we see up to 100 points dif between them. Lenders always are set on the one they pull and will not even look at the other two. They don't average or shop for the best, they get locked on the one they use. One negative with CU's is that most do not report to the bureau. That means you can make a couple years worth of payments on time and it does not report to help your score. Just look at the whole package. Let us know if we can help. Ken, Todd & Chris

Credit union...

This may sound weird, but check into State Farm rates. Yes, they sell more than insurance. I bought my boat from Fun n Sun back in 2006 at 8%, and I have great credit. I refinanced the boat 2 months later through State Farm and got 3.6%. Not sure how many years you are looking at, that could be the difference. Most credit unions will only finance for certain amounts of years, I think 6 years was the most I could do. I chose 5 years. If I cant pay a boat off in 5 years or less, I will not buy it anyway.

rivermudcat--- Do you have a 401k ?.. If so, you should check into borrowing against it. You will pay yourself back with interest. It's a win/win situation.

ALWAYS HAGGLE; they give you their offer; make them one of yours; its a buyers market; shop interest and insurance; they'l not go down unless thats what it takes to make a sale-p-

We have never seen a lender drop a rate because someone asks. There is a ton of business out there and banks are not in the barganing business, they don't need to be.

As for the 401 idea, be carefull of any penalties and tax questions. Also, looking down the road, the payments back to any 401 will not report on your credit bureau. you could make years of paments and got get the benefit of doing it.

are you seriously saying you have only one lending rate? give us a break-p-

Ditto on the credit union!

Is that what I said?????? What I said was that I have never seen a lender change a rate because someone asks. We write loans from under 7% to as high as 18.95%. You guys must remember that all buyers are not equal in the eye of the lender. We don't set rates, lenders do. Any rehash we do is to get a loan bought not make a rate adjustment. The 8.9% rate is a rate that several borrower's will never see because the credit is not good enough to get it. On the other hand most lenders will not get 18.95 because they are more solid than that.

let me tell you my scenario, my credit score is alot lower than yours, i had at the time of my boat purchase horrible debt to income ratio, and my boat was a 1996 that i financed for $5000. I got 7% on it, so i would say yes you could definately do better.

oh ya, i went through USAA, the best bank out there. Not sure if you have to be military or not to use it, but give them a call and ask

Yes, wait till you can pay cash.