SailNet Community - View Single Post - "Buyer's Market" - any data to back it up?
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post #28 of Old 10-02-2008
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Originally Posted by turfguy View Post
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.
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