Any help would be GREAT!!!

  • walleyejoe
    Litchfield, MN
    Posts: 463
    March 20, 2012 at 11:49 pm #1276392

    I find myself looking at a newer boat and I currently owe nothing on the boat I own. I would like to know if anybody knows a place that will finance a person with a below average credit score. Lets get one thing straight…I’m not looking for a $30K dollar loan with 20 years to pay. I am looking for something much less and shorter period of time. I am quite capable of the payments and would probably have it paid off early. I just do not have exceptional credit. Thanks to all in advance for any info and hopefully I will be able to work out some details with the new boat.

    buzzer
    Garnavillo Iowa
    Posts: 542
    March 21, 2012 at 12:05 am #1050879

    Honda marine has good finacing for a person with less than good credit

    drew-evans
    rochester MN
    Posts: 1099
    March 21, 2012 at 12:18 am #1050883

    Als specialty in rochester got me financed on a 10 k boat when i didnt have the best credit. just check the boats over good if you find any you are interested in.

    Steve Plantz
    SE MN
    Posts: 12240
    March 21, 2012 at 12:21 am #1050884

    Most dealers offer financing at reasonable rates, what brand of boat are you looking for?

    flatfish
    Rochester, MN
    Posts: 2105
    March 21, 2012 at 1:21 am #1050906

    Try your local credit union, and shop where you want for what your want….CU’s usually have the best rates.

    walleyejoe
    Litchfield, MN
    Posts: 463
    March 21, 2012 at 1:25 am #1050910

    I am looking at a Crestliner CMV 1850 from skeeter boat center for about $15K but I can get about $4K for my boat on trade in. So I will be looking for financing on about $11K give or take a little.

    Wade Boardman
    Grand Rapids, MN
    Posts: 4453
    March 21, 2012 at 9:59 am #1050949

    Joe, did you talk to the guys at SBC about their financing?

    swlund
    Cuba City, WI
    Posts: 395
    March 21, 2012 at 10:39 am #1050953

    on the credit union advice. I just financed part of my new boat and they had the best interest rate by far. My loan rate was 3.49 percent. I got quotes as high as 8.9 percent for the same amount and terms. All banks were the highest.

    Steve Plantz
    SE MN
    Posts: 12240
    March 21, 2012 at 11:32 am #1050974

    Quote:

    Try your local credit union, and shop where you want for what your want….CU’s usually have the best rates.

    He did say he has a below average credit score so he may not be able to get a loan at a CU that is why I suggested checking with the boat dealer.

Viewing 9 posts - 1 through 9 (of 9 total)

You must be logged in to reply to this topic.