Trailer Park Casanova
06-02-2007, 07:33 AM
We'll be financing part of our next boat purchase.
First we checked out Equity lines.
I've been with Countrywide since they were a "attractive big titty 21 year old shocking blond running the company from second hand shop worn Salvation Army thrift store card table in an bankrupt beer bar in a seedy part of town."
Honestly,, that's true.
I called Countrywide, and they told me if ya do the math, a simple boat loan with our good credit would be the better choice over an equity line.
Nice of them to save me the arithmetic, and be up front and honest,, but we were shocked that the equity line isn't the way to go at the moment.
After write off and fees, it's a near push.
At our boat dealer, we asked the owner to call the boat financing company and lean on them for a better rate, because we have super prime credit.
He gaves us the run-a-round of course. As RD says, a pimple on the ass of progress.
(Jay Photoglue wouldn't hesitate to lean on GMAC for a customer BTW)
Sooo,,,,
Alice got the boat loan companies number, called, and they knocked another 3/4 % off the rate.
At the moment, 7.2% is the best we can find with our good credit discount rate for 24 months.
Ya gotta shake a few trees hard to get the good fruit to drop.
OK,, be back as the financial picture develops furthur.
First we checked out Equity lines.
I've been with Countrywide since they were a "attractive big titty 21 year old shocking blond running the company from second hand shop worn Salvation Army thrift store card table in an bankrupt beer bar in a seedy part of town."
Honestly,, that's true.
I called Countrywide, and they told me if ya do the math, a simple boat loan with our good credit would be the better choice over an equity line.
Nice of them to save me the arithmetic, and be up front and honest,, but we were shocked that the equity line isn't the way to go at the moment.
After write off and fees, it's a near push.
At our boat dealer, we asked the owner to call the boat financing company and lean on them for a better rate, because we have super prime credit.
He gaves us the run-a-round of course. As RD says, a pimple on the ass of progress.
(Jay Photoglue wouldn't hesitate to lean on GMAC for a customer BTW)
Sooo,,,,
Alice got the boat loan companies number, called, and they knocked another 3/4 % off the rate.
At the moment, 7.2% is the best we can find with our good credit discount rate for 24 months.
Ya gotta shake a few trees hard to get the good fruit to drop.
OK,, be back as the financial picture develops furthur.