Originally Posted by ShoalFinder
A $15K sailboat is probably 30 years old. Almost nobody will be able to finance that.
If you look hard, you can find someone that will. I know most big banks will not, but local credit unions will. In fact, I know that Space Coast Credit Union will regardless of age, minimum loan amount was $5k when I asked.
We didn't finance, but I considered it. I bought a cheaper boat that needed restoration instead of financing and view the upgrades as a form of financing that doesn't involve a bank.