Join Date: Dec 2008
Thanked 0 Times in 0 Posts
Rep Power: 9
A bit of a pickle...financing a small amount for a larger boat?
I have to say, I've come a long way since my first post almost three years ago. The dream is still alive, yet I'm still on dry land. I seem to have run into a dilemma on financing.
I am looking at 32-34ft Catalina's in the 30K-60K range. With 20K already available, I want to finance the rest and get in sooner rather than later. The problem I'm finding is that lenders don't like such small loans and they don't want boats older than 15yrs old (1998).
Has anyone financed a small portion of their boat? Any suggested lenders or tricks? I'm looking in the Maryland area.
Thanks everyone! Help me get off land and into the water!
Last edited by gigamanx; 04-04-2012 at 05:20 PM.