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Posting a reply to: Re: Used boat financing

Muskie Fishing -> Muskie Boats and Motors

You are replying to:

Pointerpride102

Posted 10/18/2018 9:29 PM (#921241 - in reply to #921236)
Subject: Re: Used boat financing

Posts: 16632

Location: The desert

14ledo81 - 10/18/2018 8:31 PM

Pointerpride102 - 10/18/2018 8:19 PM

Muskie Gal - 10/18/2018 3:34 PM

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

This is not a house, a boat is a toy. You have any idea how much interest you would pay over 15 years.

There are boats out there that cost more than my house.

I don't think that is what she is arguing.. I think she was trying to "scold" him...

Oh, I get it. But if someone wants a boat like that and can't afford it on a shorter loan, their only option is a much longer loan. I get the point, but if one is single, has stable income, and understands the extra interest, I guess it doesn't seem like that big of a deal. Hell, there are places here that offer 10+ year loans on ice castle fish houses.

It's only money, can't take it with you.