Boat loans?

Duke

Senior Member
Lite User
Joined
Dec 9, 2011
Posts
452
Likes
251
Location
Rye, NH
Boat Make
Dyer 29

Quik Fix 16

Senior Member
Joined
Jan 29, 2019
Posts
464
Likes
237
Age
74
Location
Emerald Isle, N.C.
Boat Make
Shamrock
Usually a HE loan you can pay just the interest when times get tough. You can pay as much as you want when times are good and their rates are the best.
 

kcassells

Captain
Joined
Jan 10, 2015
Posts
912
Likes
287
Location
Phila
Is Jerry looking into a bigger boat already? He's got the fever. You go boy.
Thats alot of great info above.
 

WoundUpMarine

Admiral
Lite User
Joined
Jan 1, 2012
Posts
4,466
Likes
2,736
Location
Boothbay, Maine
Boat Make
26' Duffy, 23' Seaway, 14' Holland

Diesel Jerry

Admiral
Lite User
Joined
Oct 25, 2015
Posts
5,723
Likes
3,481
Age
41
Location
South Freeport, ME

m23charlie

New Member
Joined
May 26, 2020
Posts
2
Likes
0
First Name
Jay
What is the typical length (years) and interest rate for a boat loan. If I wanted to get a loan for let’s say 30k. What would I be looking at for a payment?
******************************
Harris Marine Financing
Stevensville, MD
410-643-7097
Robin, Owner
*****************************
(Be sure to work with Robin! She’s very reliable and extremely responsive.) Got a 12-year term for 4.75%. 75% loan to value doesn’t require a downpayment. Terms up to 20 years depending upon amount financed. They also provide documentation, registration and insurance!
 

05bill

Captain
Joined
Oct 10, 2011
Posts
824
Likes
167
Location
cape cod
Boat Make
rp, willis beal
try a eloc, equity line of credit, if you have equity to put against it. great deal only pay interest for 30 years than pay at going interest plus principal for 25 years. have one dont use it but at my age , really any age 55 years not a bad thing. they may be difficult to get
 

SYo

Senior Member
Joined
Jul 10, 2016
Posts
155
Likes
62
Location
Maine
Boat Make
28' Wayne Beal
Jerry, take a look at Norway Savings if its a rec boat. They did a 10 year at 5.5%. I don't think they asked for anything more than 5% down.
 
Top Bottom