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Dec 30th, 2023
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 Re: Does anyone know where to get the best interest rate for a new boat
[Re: Ranger Z118]
#7409794
04/13/12 07:24 PM
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Joined: Jan 2009
Posts: 50,381
fouzman
Methuselah
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Methuselah
Joined: Jan 2009
Posts: 50,381 |
Coincidence is His way of remaining anonymous.
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Re: Does anyone know where to get the best interest rate for a new boat
[Re: Ranger Z118]
#7409854
04/13/12 07:37 PM
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Joined: May 2010
Posts: 3,494
Chad711
TFF Team Angler
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TFF Team Angler
Joined: May 2010
Posts: 3,494 |
Best rates will most likely require a 740 fico and 10% equity (down). Credit Unions are going to be your best bet and typically will rate match since they lend their own money.
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Re: Does anyone know where to get the best interest rate for a new boat
[Re: Ranger Z118]
#7410060
04/13/12 08:29 PM
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Joined: Sep 2003
Posts: 3,518
Champion1
TFF Team Angler
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TFF Team Angler
Joined: Sep 2003
Posts: 3,518 |
Credit unions are good. But, they will limit how many years you can finance it for.
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Re: Does anyone know where to get the best interest rate for a new boat
[Re: Ranger Z118]
#7410355
04/13/12 09:32 PM
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Joined: Jan 2009
Posts: 2,850
Ranger Z118
OP
Extreme Angler
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OP
Extreme Angler
Joined: Jan 2009
Posts: 2,850 |
Guys thanks for all the help!!!! And Scott that's funny. Lol. I would like the 1% 30yr bankfouz rate!!
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Re: Does anyone know where to get the best interest rate for a new boat
[Re: Ranger Z118]
#7410381
04/13/12 09:38 PM
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Joined: Jul 2003
Posts: 6,439
BigLeslie
TFF Celebrity
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TFF Celebrity
Joined: Jul 2003
Posts: 6,439 |
Your Community Credit Union 2.49% 66 months for 2008 or newer boat, just called to verify. Yes, you do need good credit but I've got one boat financed with them now and will be doing business with them again. Anyone who lives, works or worships within ten miles of one of their branches can be a member. https://www.yccu.com/about/membership.phpI'm farther than ten miles, but at the time I joined I was attending church with my ex within the required distance. Just glad they don't take the boat back when you can't go to that church anymore!
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Re: Does anyone know where to get the best interest rate for a new boat
[Re: Paparon]
#7410415
04/13/12 09:43 PM
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Joined: May 2010
Posts: 4,584
lamoon78
TFF Team Angler
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TFF Team Angler
Joined: May 2010
Posts: 4,584 |
+ 1 Credit Union is the only and best way to go.
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Re: Does anyone know where to get the best interest rate for a new boat
[Re: Ranger Z118]
#7410485
04/13/12 09:54 PM
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Joined: Sep 2010
Posts: 3,397
Jeremy S.
TFF Team Angler
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TFF Team Angler
Joined: Sep 2010
Posts: 3,397 |
Credit unions have always had the best rates for me but the current boat was financed through reclending due to a person to person deal and my CU preferring to go through a dealer and they did a bang up job. I'll use them again when I buy another.
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Re: Does anyone know where to get the best interest rate for a new boat
[Re: Ranger Z118]
#7410610
04/13/12 10:29 PM
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Joined: Jun 2011
Posts: 1,007
Bass_Girl
Extreme Angler
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Extreme Angler
Joined: Jun 2011
Posts: 1,007 |
ALWAYS look up a credit union before a bank. Not only will you find better rates, but more lenient loans and personable service. The only downfall is finding a credit union that will let you finance for longer if you need to. I have mine financed with USAA and they are great, but they are run more like a credit union than a bank.
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Re: Does anyone know where to get the best interest rate for a new boat
[Re: Ranger Z118]
#7410813
04/13/12 11:48 PM
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Joined: Apr 2011
Posts: 124
tb1107
Outdoorsman
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Outdoorsman
Joined: Apr 2011
Posts: 124 |
Bank of America was below 4% for up to 30 years a couple months ago.
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Re: Does anyone know where to get the best interest rate for a new boat
[Re: Ranger Z118]
#7410822
04/13/12 11:51 PM
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Joined: Apr 2005
Posts: 45,723
Big Red 12
TFF Guru
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TFF Guru
Joined: Apr 2005
Posts: 45,723 |
I got 1.99% at Cooperative Credit Unioin of Tyler.
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Re: Does anyone know where to get the best interest rate for a new boat
[Re: Ranger Z118]
#7410891
04/14/12 12:25 AM
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Joined: Mar 2011
Posts: 220
pinetree
Outdoorsman
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Outdoorsman
Joined: Mar 2011
Posts: 220 |
Teachers credit union Tyler TX
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Re: Does anyone know where to get the best interest rate for a new boat
[Re: Ranger Z118]
#7410921
04/14/12 12:38 AM
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Joined: Jan 2009
Posts: 2,850
Ranger Z118
OP
Extreme Angler
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OP
Extreme Angler
Joined: Jan 2009
Posts: 2,850 |
Thanks again for all of the help!!!
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Re: Does anyone know where to get the best interest rate for a new boat
[Re: Ranger Z118]
#7411054
04/14/12 01:35 AM
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Joined: Sep 2011
Posts: 261
ReelGirl
Angler
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Angler
Joined: Sep 2011
Posts: 261 |
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Re: Does anyone know where to get the best interest rate for a new boat
[Re: ReelGirl]
#7411073
04/14/12 01:42 AM
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Joined: Oct 2005
Posts: 1,711
Lou r Pitcher
Extreme Angler
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Extreme Angler
Joined: Oct 2005
Posts: 1,711 |
The big 7 or so banks are being severely restricted on making loans (too big to fail). The community / small banks have less Fed restrictions and so can make riskier loans. A boat loan is never a very secure loan.
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Re: Does anyone know where to get the best interest rate for a new boat
[Re: Ranger Z118]
#7411104
04/14/12 01:51 AM
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Joined: Jan 2012
Posts: 201
CoachJC
Outdoorsman
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Outdoorsman
Joined: Jan 2012
Posts: 201 |
4.5 percent at resource one crefit union. I would recommend them before you try rec lending or any credit union before them. siunds like their rates are a kittle high unless you donr have access to a credit union even with bad credit.
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