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    tige financing

    Any suggestions with financing a new boat?

    #2
    IMO, good luck with this since a lot of banks are very hesitant about doing loans with this economy. But, you can try you local credit union for one.

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      #3
      There are very few marine lenders left after such a poor economy. To get low rates and long terms you are going to need a good score and money down. Most regular non-marine lenders are not interested in long term loans since it will most likely be the first thing to default on. You can go as high as 15 years on a boat loan depending on the purchase price. I woud recommend a lender who does marine loans. Most banks that dabble in marine loans will make a mess of your purchase or loan because they have no idea what they are doing. I went with BB&T. You can try them if you have one in your area.

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        #4
        Last August we financed ours through USAA. If you are a member with them, I highly recommend them for their service and helpfulness. Plus, their rates were better than anyone our dealer knew. However, I don't know if their lending policies or requirements have changed since then.

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