Looking at auto sales today and hearing on CNBC that people with 650 FICA scores cant get an auto loan you have to believe not too many will get a boat loan without at least 20-30% down. That will certainly put a damper on the sales as most people buying boats over 30' will be financing.
I recently thought about buying a boat I thought I could maybe get for $10-11k. WAMU doesn't do boat loans. Was referred by the broker to a small local bank. They'd need 20% down and would give an 8.49% rate. I'd have just put it on a credit card but the broker can't/won't do it that way.