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Boat financing

Discussion in 'Boats and Motors' started by Skunkedagain, Jun 1, 2005.

  1. Anyone know what kind of interest rates and terms I can expect on a used boat? Am looking at a used 2004 model. Guy is asking 34k for boat. Have a good amount for downpayment, but still have no clue if I can really afford this boat.
     
  2. mrfishohio

    mrfishohio Recovering Fishaholic

    Do a search on the net. Might be better to get an equiline of credit from your home. Then you are at about prime + 1 percent ;)
     

  3. It depends on type of boat..If it has a fixed tolet you can write part of the intrest off ..Shop 3-4 differnt banks.