Boat Loan Interest Rates

johnbenj · Posted: Fri Aug 28, 2020 11:16 am Post subject: Boat Loan Interest Rates

I am starting to look for a boat loan and wondered if anyone had recent experiences they would share regarding rates and lenders?

I am located in the PNW, the loan would be for a new boat. After 20% down-payment I would be borrowing b/tween $75k to $150k range.

Thanks!
John

Byrdman · Posted: Fri Aug 28, 2020 11:21 am Post subject:

If not paying cash... Hook up with Essex Credit. They are in tune with boating communities. great rates, always professional, but they will flip the loan within about 90 days so dont waste a lot of time on auto drafts or payments...

ssobol · Posted: Fri Aug 28, 2020 2:22 pm Post subject:

I got the loan for my C-Dory through BECU. They had no problem with the value for the boat when I bought it, unlike some other places.

Wakarisu · Joined: 15 May 2022 Posts: 1 State or Province: DC

Hi! I've always dreamed of a bad, but I worked a lot and didn't have time to do it before. Then the children were born, we took out a mortgage, and when we paid the mortgage, the children needed help to pay for college, so the whole life passed. My wife died a year ago, and I was left alone in an empty house. And I realized that it was time to start living for myself. I took advantage of the services of a reverse mortgage and finally bought a boat and enjoyed everyday fishing or just boating.