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Looking for used boat loan with good interest rate #8418242 01/06/13 04:08 AM
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Has 2 Fish Offline OP
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I am about to purchase an 2005 Bass Boat and I am shopping around for the best rate for a 7-8 year loan for approx. 15k-17k amount to borrow, Anyone got any loans recently that can beat 5.75% which is thru EECU credit union. Thanks

Re: Looking for used boat loan with good interest rate [Re: Has 2 Fish] #8422563 01/07/13 03:04 PM
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Originally Posted By: Fireman K
I am about to purchase an 2005 Bass Boat and I am shopping around for the best rate for a 7-8 year loan for approx. 15k-17k amount to borrow, Anyone got any loans recently that can beat 5.75% which is thru EECU credit union. Thanks


Getting a 5.75 on a used boat is a good deal. Let us know if you need a hand with anything.
Thanks,
Ken


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Re: Looking for used boat loan with good interest rate [Re: Has 2 Fish] #8424518 01/07/13 10:53 PM
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Has 2 Fish Offline OP
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Ok, thanks Ken, so you don't think that can be beat with excellent credit ?

Re: Looking for used boat loan with good interest rate [Re: Has 2 Fish] #8433287 01/09/13 06:58 PM
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Originally Posted By: Fireman K
Ok, thanks Ken, so you don't think that can be beat with excellent credit ?


There may be a couple small credit unions that have lower rates but the terms may be really short too. Most regional or national lenders will charge a bit more on a used boat. Honestly, if you like the payment at the term they offered you, take it.
Thanks,
Ken


RecLending
Office (517) 543-6921
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Re: Looking for used boat loan with good interest rate [Re: Has 2 Fish] #8436541 01/10/13 01:10 PM
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Nitro901CDX Offline
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Fireman K, I bought an 02' Nitro and got 6.25% from Lone Star CU for 5 years and that was considered a good deal on a used boat, so 5.75% sounds like a real good deal to me!

Last edited by Nitro901CDX; 01/10/13 01:10 PM.
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