Posts: 323
Location: Elk River, MN | 25homes - 10/18/2018 12:17 PM
I really like my CU have couple loans through them but when I asked about a boat they treat like a car and only wanna do a loan for 4-5yrs which is usually fine but if your looking at a used 08-12 and gonna be $40k plus ID like little longer loan which I know lots of lender do extended financing on boats 10-15yrs
I suppose that too depends on the institution, like TC mentioned the CU I went through on a loan they had a chart, basically with term lengths and interest rates based on the age of the boat. They did also look at the NADA value/guide but that was no issue either as I found a boat in a softer market area where values weren't ridiculous |
