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-   -   What Finance Rates are you finding? (https://www.walleyecentral.com/forums/showthread.php?t=356065)

JDS 06-12-2014 02:01 PM

What Finance Rates are you finding?
 
I'm looking to purchase my first real boat, a 2014 Ranger Reata 1850 LS. My only other boating experience is a 14' johnboat I use for duck hunting. I've been calling around to local lenders, and have actually found the best rate from my bank. I know what rates are around here, but am curious as to what others are finding throughout the midwest/country.

Kleinomaha 09-05-2014 07:13 PM

We just got a loan 20yrs 10% down 4.75 simple interest

CKM 09-10-2014 04:01 PM

[QUOTE=Kleinomaha;3155561]We just got a loan 20yrs 10% down 4.75 simple interest[/QUOTE]
20 years? holy crap

erino 09-10-2014 05:38 PM

5% local bank on 4 yrs....this past spring

Credit unions typically have the best rates I have heard as low as 2 %

Kleinomaha 09-10-2014 07:37 PM

CKM, the rate was same for 10,15 or 20 years. So there was no reason to go for a shorter term. We will just pay it off early

hemlock 09-11-2014 07:17 PM

Try the local credit unions. I was going to pay cash, but got a 5 year 2.7% loan. ( I work at a bank and you can't get those rates at banks).

Boots1503 01-27-2015 06:39 PM

Anyone have any update on loan rates? Also does a new boat only qualify if it straight from the dealer? Thanks

reclending 01-30-2015 01:37 PM

[QUOTE=Boots1503;3485402]Anyone have any update on loan rates? Also does a new boat only qualify if it straight from the dealer? Thanks[/QUOTE]

We are seeing some new boat rates at the 5% area and a few below. That means good credit, good down payment and nice clean history. We do have options for all ranges of buyers.
Let us know if we can help.
Thank you,
Ken (517) 543-6921 - Office

scottmich001 03-01-2015 12:36 PM

I just got 3.74 on a 144 month. My credit score is 725

black white face 03-02-2015 07:19 AM

[QUOTE=CKM;3166849]20 years? holy crap[/QUOTE]


ditto! I bought my HOUSE/ ACREAGE for 15.... :banghead:
(to each their own I guess)


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