what type of loan?? - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > On Board > Boat Review and Purchase Forum
 Not a Member? 


Reply
 
LinkBack Thread Tools
  #1  
Old 02-10-2004
Senior Member
 
Join Date: May 2002
Posts: 216
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 13
maestro is on a distinguished road
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???
Reply With Quote Share with Facebook
  #2  
Old 02-10-2004
Junior Member
 
Join Date: Feb 2002
Posts: 28
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
mabwjm is on a distinguished road
what type of loan??

For a loan under $20K, you may want to consider a simple signature loan--there are some very competitive rates out there.

Some marine lenders go down to $15K...Essex comes to mind, but I''m sure there are others.

Fair winds,
Bill
Reply With Quote Share with Facebook
  #3  
Old 02-11-2004
Junior Member
 
Join Date: Nov 2001
Posts: 8
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
ha.taylor is on a distinguished road
what type of loan??

If you have a good credit score, you can probably get a card with an initial offer of a pretty low fixed rate-- my boat is being paid off on a Chase card at 3.99 fixed for the life of the loan. Since it''s not secured, I can''t take the second-home interest deduction, but it''s not enough to matter anyway.
Reply With Quote Share with Facebook
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
which type dinghy is the better ndsailor Gear & Maintenance 33 12-17-2006 12:26 PM
Best Hull type? Vastbinder General Discussion (sailing related) 24 10-21-2006 12:14 AM
sail type? berwick Gear & Maintenance 4 07-13-2004 04:12 AM
"I" type and "V" type ndsailor Gear & Maintenance 0 11-17-2003 09:02 AM
What type depth finder do you have? gwp Gear & Maintenance 11 10-25-2003 11:04 AM


All times are GMT -4. The time now is 05:33 AM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012

The SailNet.com store is owned and operated by a company independent of the SailNet.com forum. You are now leaving the SailNet forum. Click OK to continue or Cancel to return to the SailNet forum.