Does Anyone Know Who Finances Older Boats over 25yrs. (Good Rates Etc)-gctid812633

[johnnyc61]

Loan Amount of $30,000- $35,000 ...Just Checkin... Alot of places dont deal with Old Boats! Thanks

[halfcreek]

My Credit union just loaned me $ for a 1995 3988....There limit was $58,000 at 4%. They said that was Book Price.

[drewhaas]

Essex Credit/Bank of the West. Great service and great rate on a 1988 3818.

[johnnyc61]

Correrct if im wrong but I think Essex requires a Minimum 690 Credit Score...I hear Banner Bank does Loans on Older boats also. Becu only finances 25yrs & Newer..... Thats limited considering a newer boat would cost more. Older boat is in the range of $30.000 -$35,000.... 1987-90 then they go way up in price out of my range.. Will keep shopping.... Lookin for a 3218 3270, 3288... Gas

[dmcb]

IMO the price you are looking at is way more than the value of the boat you are looking a. Way over.

Here is a situation where your personal standing with your bank is of value. Seek financing aside from the boat. Your equity on a home perhaps. Or your retirement assets. That will be the cheapest.

Doug

[green650]

"dmcb" post=812701 wrote:
IMO the price you are looking at is way more than the value of the boat you are looking a. Way over.

Here is a situation where your personal standing with your bank is of value. Seek financing aside from the boat. Your equity on a home perhaps. Or your retirement assets. That will be the cheapest.

Doug

I agree about the price. If you're looking at gas 32xx's they should be under 20k. I just posted the link to one in the Craigslist find thread that is 5k. It's in New York. What area are you in? I'll give you mine for 13k. I'm looking for one in south Florida to park at my new house with a dock.