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OutCole'd
08-23-2003, 10:04 AM
So, lets just suppose, I wanted to finance a new boat for a long term, say 75-80 years, What interest rate do banks charge for boat financing?
CAHotRodBoy
08-23-2003, 10:17 AM
I was just approved for for $60K (with $20K down) for 15 years @ 5.75% through Bank Of America.
75 - 80 years? eek!
I don't think anyone will go that long term!
26 QUEST
08-23-2003, 10:25 AM
I DID 60K @5.99 FOR 15 YEARS NO $ DOWN WITH KEY BANK.
cheezpanel
08-23-2003, 10:54 AM
Mine was 43K @ 6% with 5K down through Bank of the West. 15 yrs.
OutCole'd
08-23-2003, 11:21 AM
CAHotRodBoy:
75 - 80 years? eek!
I don't think anyone will go that long term! I was hoping to leave something to my kids.. like a payment book. :D
[ August 23, 2003, 12:22 PM: Message edited by: OutCole'd ]
572Daytona
08-23-2003, 11:42 AM
Mine was 0% interest with 100% down :D
HAULNZ
08-23-2003, 02:31 PM
We financed in March with Essex/Bank of the West. 15 years @ 6.5%. We delt with Melissa Blake-Kidd, her # (866) 377-3948 Ext. 7204. I highly recommend her. :)
Mandelon
08-23-2003, 03:08 PM
You might try and look into a home equity line too. B of A will set it up for free and then it is tax deductible. The rates vary but can be really low. You can set the term for any length you like, or pay just interest only and really leave it (the balance) for your kids!! :D :D
Even take out extra money for other stuff too..they give you a checkbook and let you go.