Home   |  Message Board   |  Information   |  Classifieds   |  Features   |  Video  |  Boat Reviews  |  Boat DIY
Canada/Ontario lenders..........any good rates? - Walleye Message Central
Walleye Message Central

Go Back   Walleye Message Central > Boat Insurance and Financing (Sponsored Forums) > Boat Loans / Extended Warranties 101

Notices

Reply
 
Thread Tools Display Modes
  #1  
Old 02-19-2013, 12:20 PM
SVT1 SVT1 is offline
Keeper
 
Join Date: Jun 2012
Posts: 230
Default Canada/Ontario lenders..........any good rates?

IN Ontario looking for a lender anyone have any ghood rate info or had a good experience somewhere?
Reply With Quote
Sponsored Links
Advertisement
 
  #2  
Old 02-20-2013, 06:29 PM
reclending reclending is offline
Minnow
 
Join Date: Jun 2011
Location: Office is in Michigan
Posts: 61
Default

Quote:
Originally Posted by SVT1 View Post
IN Ontario looking for a lender anyone have any ghood rate info or had a good experience somewhere?

We do not have lenders that I know of that will lend across the border. Sorry,
Ken
__________________
Ken & Todd
517-543-6921
517-930-2721[IMG]resource://skype_ff_extension-at-jetpack/skype_ff_extension/data/call_skype_logo.png[/IMG]517-930-2721 - Cell

Call
Send SMS
Add to Skype
You'll need Skype CreditFree via Skype
Reply With Quote
  #3  
Old 02-24-2013, 09:50 AM
SVT1 SVT1 is offline
Keeper
 
Join Date: Jun 2012
Posts: 230
Default

I have heard Scotia bank is good for marine loans, anyone know if this is the case?
Reply With Quote
 
  #4  
Old 11-29-2013, 06:20 AM
Gman621 Gman621 is offline
Keeper
 
Join Date: Sep 2008
Location: Toronto, On
Posts: 227
Default

Most people who purchase a boat in the US usually have the cash or use the cash from secured line of credit which is traditionally at a lower interest rate as it's secured by your house.

There are great lightly used and 1 years old boats available from dealers here in Canada where financing can be arranged through DealerPlan Finance (they do most of the financing at the Toronto Boat Show) and it's arranged through one of the big 5 banks, usually the one that has the best rate.

What kind of boat are you looking at/for?

Hope this helps.

Cheers,
__________________
The only thing better than a day of fishing is another day of fishing!
Reply With Quote
  #5  
Old 12-02-2013, 12:35 PM
reclending reclending is offline
Minnow
 
Join Date: Jun 2011
Location: Office is in Michigan
Posts: 61
Default

Quote:
Originally Posted by Gman621 View Post
Most people who purchase a boat in the US usually have the cash or use the cash from secured line of credit which is traditionally at a lower interest rate as it's secured by your house.

ou looking at/for?

Hope this helps.

Cheers,
Just a reaction to part of the quote from above. We see very few people tie the boat loan into a home equity loan. If the credit is good, boat loans can be close to the same rates. The problem with most home owners here is they are upside down or close in the home note and equity if hard to find. The toy loan lenders we deal with are more comfortable with using the boat as the collateral of the loan. If the worst happens, they seem more likely to sell the boat instead of a home with even less equity than before the boat loan was added.
These type topics are very OPINION BASED. Some folks are comfortable tying everything to the home but FOR ME, I like to keep things separate.
Let us know if we can help.
Ken
__________________
Ken & Todd
517-543-6921
517-930-2721[IMG]resource://skype_ff_extension-at-jetpack/skype_ff_extension/data/call_skype_logo.png[/IMG]517-930-2721 - Cell

Call
Send SMS
Add to Skype
You'll need Skype CreditFree via Skype
Reply With Quote
  #6  
Old 12-18-2015, 10:44 PM
xfilesera xfilesera is offline
Minnow
 
Join Date: Mar 2015
Posts: 2
Default

There are great lightly used and 1 years old boats available from dealers here in Canada where financing can be arranged through DealerPlan Finance (they do most of the financing at the Toronto Boat Show) and it's arranged through one of the big 5 banks, usually the one that has the best rate.
online job
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

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

Forum Jump


All times are GMT -6. The time now is 12:55 PM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.