Finance

[chadsanchez]

Where is the best place to get a boat loan with the best rates?

[Bruizza]

Just depends honestly. Bank of America has some amazing rates right now. They offered us 60k for 4.39%. Had to go elsewhere though as 60k didn't cover as much as we needed. We ended up using our dealers finance company who shops you to various banks. Ended up with pretty good terms on a 75k loan.

[Kimber]

Try your local credit union. They will often give a 10 yr loan on boats.

[konajay]

I've heard of 20 year loans on boats, I know someone who did. You'd definitely want to make extra payments if you could swing it.

[D&P Powell]

I went through Wells Fargo (that's who we bank with) initially and the lowest interest rate (with excellent credit) they could give me was %11, Refinanced through USAA Credit Union and received a much lower rate.. but admittedly not as low as what Bruizza stated above (4.39 is a great rate!).

[spenchey2]

IMO don't finance a toy, especially a boat, you'll be upside down before you know it. Checks only

[hyphen79]

I went through a local Credit Union, but they required at least 20% down. I actually put 40% down to get my payments low. Just something to think about because you are going possible be underwater quickly if you finance the whole entire thing.