Getting boat financing is pretty simple. Your score should be good enough as long as your debt to income ratio will support it. And yes I would recommend a bank loan sharks are a bad bad idea lol . 25-30 would be more than enough. When we ordered ours we only had to put down 10% . Good luck with youre new purchase and let us know what happens. And I wouldnt go with the loan sharksHow hard is it to get boat financing? What scores are needed? What are the interest rates? Does anyone recommend a bank? I think I'm in the mid 6's with score and looking to put 25-30% down will this work???
Oh man, a Q. There is a green eyed monster on my shoulder whispering in my ear bad stuff about you. Seriously, congrats. That would be my Bennington dream.I just got a boat loan for 5-3/4 % credit score in the upper 700'sPulled the trigger on a Q
I like the way you think. I had a welding job, delivered pizzas, and worked as a bouncer during college. My wife still has a 100k in student loans 15 years later.Willb, just my 2 cents but this does make sense to me...if the kids are going to be enjoying the boat as I would expect then rather than going to college and having expense let them skip college, get jobs and help pay for the boat :lol:
I did the same through college, 2 PT jobs pieced together, etc. We wrote our last tuition check to private school last November. "Joy" is a totally inadequate to express that feeling, but our daughters have both started their careers undergrad student loan free (one a top notch graphic designer, other one an MD). Watching your kids actually realizing their dreams is indescribable, worth everything to us. Sooooo blessed we are... even if we had to deliver a few pizzas, not a half bad deal. Boats on the other hand, come and go.I like the way you think. I had a welding job, delivered pizzas, and worked as a bouncer during college. My wife still has a 100k in student loans 15 years later.
What I have saved for my daughter is more than I spent going to a private university. Now she says her dream is to get into Yale.
Looks like I will be delivering pizzas on the side again...