Boat Financing Question

Predator314 · 07-15-05, 02:26 PM

I currently have a 1978 model Ranger with a 75HP Evinrude. It still runs and is in pretty good condition, but I'm ready for something more. I'd like to have more room, storage, and of course, more power.

My question is how do loans work on boats? Are they similar to car loans where the length of the loan is 60-72 months? Can you finance them for a longer amount of time? Also, what kind of APR % can I expect?

New bass boats are very pricey!

flfireman · 07-15-05, 03:21 PM

Not sure, guessing that getting preapproval from a bank is cheaper and easier. I have heard that boats can be financed longer than cars though.

zooker · 07-15-05, 05:19 PM

right now they can and often do finance a boat for up to 30 years. helps bring the payments down a tad..

zooker

Nitro911 · 07-15-05, 09:49 PM

But at 30 years, you are paying on a boat for the same length of time you could buy a house in!!! I know that 10 year notes have become pretty common, especially if you finance through the dealer.

zooker · 07-16-05, 05:33 PM

have you seen the price tag on these new boats ??
hell they can cost almost twice what the truck does that you tow them with.

zooker

JB · 07-16-05, 06:39 PM

Well Yes Zooker,

Didn't you know that all anglers must have a boat that is of more value than the truck and mobile home together?
Geesh get with the program.
Step one. Ya buy that 33,000 Ranger, tow it with a truck beater

STep two. Ya marry some rich widder and make her buy a new cheby truck that matches the color of the boat.

Step 3. Ya parade to the ramp with your new rigs and make the ol lady work double time in the coal mines while you play..

its really all so simple, I'm on my 5th ol lady and it makes perfect sense to me!

LMFAO

zooker · 07-16-05, 07:00 PM

thanks for the enlightenment jb... would explain why i aint married would it not?

zooker

JB · 07-16-05, 09:23 PM

Right you are~

better stay single zooker, thats the only way to keep on top of the bass bite and their migration eh

zooker · 07-16-05, 09:55 PM

nah just looking for a filthy rich grandma who will leave it all to me in there will

zooker

Predator314 · 07-17-05, 03:30 AM

That's what I'm towing with. It's dang near paid for. I need something else to get me in debt

buzzdog · 07-17-05, 11:45 AM

I bought a new Suntracker pontoon boat three years ago. The dealer would finance up to 10 years. I went to my usual small town bank and got a personal loan for five years. I took the check to the dealer the next day and they did not want much else to do with me after I paid for the boat.

zooker · 07-17-05, 04:38 PM

the only thing you need to know about dealers is are they there after the sale?

zooker

07-15-05, 02:26 PM	#1
Predator314 BassFishin.Com Member Join Date: Jun 2005 Location: Princeton, WV Posts: 7	Boat Financing Question I currently have a 1978 model Ranger with a 75HP Evinrude. It still runs and is in pretty good condition, but I'm ready for something more. I'd like to have more room, storage, and of course, more power. My question is how do loans work on boats? Are they similar to car loans where the length of the loan is 60-72 months? Can you finance them for a longer amount of time? Also, what kind of APR % can I expect? New bass boats are very pricey! __________________ My Bass Fishing blog: BassAnglin.blogspot.com

07-15-05, 03:21 PM	#2
flfireman BassFishin.Com Super Veteran Join Date: Jun 2004 Location: Palm Bay, Fl Posts: 2,751	Not sure, guessing that getting preapproval from a bank is cheaper and easier. I have heard that boats can be financed longer than cars though. __________________ In the Lord all things are possible.

07-15-05, 05:19 PM	#3
zooker BassFishin.Com Premier Elite Join Date: Jan 2004 Location: denton nc Posts: 13,441	right now they can and often do finance a boat for up to 30 years. helps bring the payments down a tad.. zooker __________________ the godfather.. aml in remission since 7-20-09

07-15-05, 09:49 PM	#4
Nitro911 BassFishin.Com Veteran Member Join Date: Feb 2004 Location: San Antonio Posts: 535	But at 30 years, you are paying on a boat for the same length of time you could buy a house in!!! I know that 10 year notes have become pretty common, especially if you finance through the dealer. __________________ San Antonio, Texas STFH

07-16-05, 05:33 PM	#5
zooker BassFishin.Com Premier Elite Join Date: Jan 2004 Location: denton nc Posts: 13,441	have you seen the price tag on these new boats ?? hell they can cost almost twice what the truck does that you tow them with. zooker __________________ the godfather.. aml in remission since 7-20-09

07-16-05, 06:39 PM	#6
JB BassFishin.Com Premier Elite Join Date: Mar 2005 Posts: 8,655	Well Yes Zooker, Didn't you know that all anglers must have a boat that is of more value than the truck and mobile home together? Geesh get with the program. Step one. Ya buy that 33,000 Ranger, tow it with a truck beater STep two. Ya marry some rich widder and make her buy a new cheby truck that matches the color of the boat. Step 3. Ya parade to the ramp with your new rigs and make the ol lady work double time in the coal mines while you play.. its really all so simple, I'm on my 5th ol lady and it makes perfect sense to me! LMFAO

07-16-05, 07:00 PM	#7
zooker BassFishin.Com Premier Elite Join Date: Jan 2004 Location: denton nc Posts: 13,441	thanks for the enlightenment jb... would explain why i aint married would it not? zooker __________________ the godfather.. aml in remission since 7-20-09

07-16-05, 09:23 PM	#8
JB BassFishin.Com Premier Elite Join Date: Mar 2005 Posts: 8,655	Right you are~ better stay single zooker, thats the only way to keep on top of the bass bite and their migration eh

07-16-05, 09:55 PM	#9
zooker BassFishin.Com Premier Elite Join Date: Jan 2004 Location: denton nc Posts: 13,441	nah just looking for a filthy rich grandma who will leave it all to me in there will zooker __________________ the godfather.. aml in remission since 7-20-09

07-17-05, 03:30 AM	#10
Predator314 BassFishin.Com Member Join Date: Jun 2005 Location: Princeton, WV Posts: 7	That's what I'm towing with. It's dang near paid for. I need something else to get me in debt __________________ My Bass Fishing blog: BassAnglin.blogspot.com

07-17-05, 11:45 AM	#11
buzzdog BassFishin.Com Member Join Date: Mar 2005 Location: Pawnee,Il. Posts: 25	I bought a new Suntracker pontoon boat three years ago. The dealer would finance up to 10 years. I went to my usual small town bank and got a personal loan for five years. I took the check to the dealer the next day and they did not want much else to do with me after I paid for the boat. __________________ Pawnee, Il

07-17-05, 04:38 PM	#12
zooker BassFishin.Com Premier Elite Join Date: Jan 2004 Location: denton nc Posts: 13,441	the only thing you need to know about dealers is are they there after the sale? zooker __________________ the godfather.. aml in remission since 7-20-09

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