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Posting a reply to: Re: Used boat financing

Muskie Fishing -> Muskie Boats and Motors

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ntr0880

Posted 10/18/2018 8:03 AM (#921150 - in reply to #921086)
Subject: Re: Used boat financing

Posts: 51

Just a heads up with used boat financing from my recent purchase this year. I went through my local credit union. They go off of nada guides/blue book prices. With used boat prices higher than normal you may not get the amount of financing you expect based on how the bank/credit union views that boat/motor is worth. I wanted to finance a larger portion of my used boat but the credit union didn't value it at what the seller was selling it for. I had to pony up some extra cash but it was well worth it. Hope everything goes smoothly for you. It may be different if you find a lender that uses market value instead of using the nada guides/blue book prices.