Confused with Credit
Well I am confused! Recently, I was pre-approved for credit with Essex for $51,000. I have the customary 20% downpayment but unfortunately the deal fell through on the owners end. Essex said if I find another boat within 30 days I''m still pre-approved. I found a 1982 Westerly but now Essex says that due to the boats age, I will need to supply 50% down. This just doesn''t seem right. Can anyone suggest a few other marine credit companies that want business?