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Old 07-02-2001
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Financing terms on older boat

I''m looking at buying a Catalina 30 in the 1975-1985 vintage. I''m considering a 15 year term on the loan to keep payments reasonable. Do lenders shy away from loans of that length on older boats? If they do 15 year loans on those boats, is there a minimum amount that you must borrow to get those terms?
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