Boat Loan Interest Rate
My brother and I have decided to buy a boat. We started checking through the local newspaper and magazines. We even check the internet sites, like eBay and Craig's list to mention a couple. I checked out the marina. Often they will have boats for sale and sometimes the owners are right there so you can negotiate a deal on the spot. We found one we liked, but it was a little more than we had saved. The owner suggested we apply for a boat loan. Both of us have decent jobs and fairly good credit. So we went to our bank.
We sat down with a loan officer at the bank. We told him we needed a boat loan. He immediately excused himself and went to get another loan officer. Then it was explained that he dealt with the boat loans and could help us better. He asked us about the boat, its style, size, if there were sails and the horsepower. We did not know why he needed all that information, but he's the loan officer. Next we discussed the price of the boat and the amount, if any, would we be putting down on the boat. He then told us he would be trying to get us the best boat loan interest rate for our state. I had never thought about boat loan interest rates, and had no idea what they would be. We were also told our interest rate depended on the kind of boat we were buying, our income, credit and if we lived in the state and other personal information. All of this information and the boat loan interest rate still can vary. Vary by the loan program and even by the bank you use. We finally worked out a 20 year loan at 7.5% with $5000 down payment on $65,000 with $60,000 being financed. It's a good deal, we are happy.
Boat Loan Interest Rate
By: Nick Batt Fulfilling Your Dreams Of Sailing Catalina Yachts Better Opportunities Exist Beyond Sailboats For Sale Maximizing Your Sailboat Season By Discovering Your Best Options The Several Sailing Opportunities That Exist With Yacht Club And Boat Club Kerala Houseboat Houseboats in Kashmir, Houseboats in Dal Lake, Houseboats Packages Li River Cruise Boat Trip From Guilin To Yangshuo Lesser Known Facts About Parasailing The Bad Credit Boat Loans Boat Storage - Adding Years To The Life Of Your Boat Boating Is A Fun Summer Recreation Take Your Vows In The Parisian Boats Using Boats For Your Summer Recreation