Join Date: May 2002
Thanked 0 Times in 0 Posts
Rep Power: 14
what type of loan??
the bug has bitten me again. With a friend of mine selling his boat for a larger one, I have the option to purchase his old boat (great shape and what I''m looking for in reagrds to stepping up from my 22 footer to his 27 footer)
My question is most boat loans from marine lenders are for a min. 20,000 but I can purchase this boat for much less than that. Does your average bank have these type of loans (like a used car loan??)
Also, do I look to sell my boat asap even before any deal is done??? I don''t want to be stuck w/o a boat come springtime.
Just some thoughts???