Senior Moment Member
Join Date: Jun 2011
Location: West Vancouver B.C.
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Re: Owner finance agreement template
Listen to Stumble. Keep in mind that a boat is even more portable than a car. In order to enforce the loan in foreign countries it must be a registered (not simply licensed) vessel with a marine mortgage on it - not cocktail napkin stuff.
I would never carry financing on a boat I was selling - if the purchaser can't get financing they probably can't afford the boat. My wife & I worked for a major multinational bank for most of our careers and one thing we learned is that if they won't lend you the money, you probably can't afford it - their policies have been developed and tuned through decades of experience losing money to bad loans.
I, myself, personally intend to continue being outspoken and opinionated, intolerant of all fanatics, fools and ignoramuses, deeply suspicious of all those who have "found the answer" and on my bad days, downright rude.