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Posting a reply to: Re: Best time to buy a boat (new)

Muskie Fishing -> Muskie Boats and Motors

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Kirby Budrow

Posted 9/19/2024 11:15 AM (#1030883 - in reply to #1030872)
Subject: Re: Best time to buy a boat (new)

Posts: 2327

Location: Chisholm, MN

IAJustin - 9/19/2024 6:25 AM

finmanpooze - 9/14/2024 2:21 PM

I spoke with Bass Pro (Bridgeport, CT) about a new 1 last week.

Interest rates are 9.1%. 8.6% if your FICO 8 score is above 800. I'm well above it.

Still astronomical rates for now

Do the math, compare loan for loan, down payment, trade etc. @9% and 5%. Mine is 4.24%, so I opted to keep it. It came to almost a $300/month difference!!
Happy fishing!!!

So you are looking to finance a 100k boat? A friendly tip to all if you need to finance a boat doesn’t really matter if it’s 8% or 4%…. go talk to a good financial advisor first, boat payment’s?…not a good life decision, only possible exception is if your boat is required for your job (guide, tournament angler)

If I didn't finance my boat I would have no fun at all. I'm a big saver and a cheap ass but life ain't worth living if you don't do what makes you happy.