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hi


You are replying to:
North of 8
Posted 10/18/2018 9:53 PM (#921247 - in reply to #921241)
Subject: Re: Used boat financing




Most people that take a long term loan on a boat or an RV have no intention of keeping it for a long time. They simply want the lowest payment for a couple years, then move on to something else. Building equity is not important to them.
I have been out of the banking business for a few years, but even home mortgages typically only ran 7 years or less before being paid off, but most mortgages are 15,20 or 30 years. It is about affordability for most folks.



Edited by North of 8 10/18/2018 9:58 PM

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