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  1. #1
    Join Date
    Jul 2005
    Posts
    4

    Default new vs. used financing

    wondering what kind of terms you can get with a used boat and if the price difference is worth the extra use. having trouble deciding what to do. buy a good deal now and have to put it up in a month or so ro wait til the boat show, probably about the same deal. or there's always trying to buy used.

  2. #2
    Join Date
    Aug 2004
    Location
    Lake Hickory, North Carolina
    Posts
    1,390

    Default Replying to Topic 'new vs. used financing'

    There will possibly be a higher interest rate on a used boat vs. a new one. I f you have a good relationship with your bank, you may work out some creative financing like home equity or something. Also, I don't think you can get a long term loan on a used boat like you can a new one to keep the payments down. But I have been wrong B4. At any rate, good luck and hope to see you out on the water
    Learn all you can today. Tomorrow you may need to know it!
    .
    2004 Moomba Outback. Tower Speakers, amp, ballast, ssrr ... she's a cutie!

  3. #3
    Join Date
    Dec 2004
    Location
    Cinci-Dayton
    Posts
    981

    Default Replying to Topic 'new vs. used financing'

    Boat Show, or just before

    Point spread is about 1-2 ($500-1,000/year). If you keep it and finance 10 years that sure cuts the spread. I'm paying 6.1% - new bought in Jan. 05

    SD2

    Oh, expect prices to go up 6-8% next year. That will hurt.
    Naked red and white 2005 Moomba LSV
    Teaching my kids to Ride, Shoot Strait and Tell the Truth

  4. #4
    Join Date
    Aug 2004
    Location
    Lake Hickory, North Carolina
    Posts
    1,390

    Default Replying to Topic 'new vs. used financing'

    4.99% bought in August of 2004 (at a boat show, of course )
    Learn all you can today. Tomorrow you may need to know it!
    .
    2004 Moomba Outback. Tower Speakers, amp, ballast, ssrr ... she's a cutie!

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