Finance options for new boat

kawishiwi · 10-01-2015, 09:01 PM

https://www.essexcredit.com/home/rates/
As mentioned in prior post.

These guys were so good and responsive for the loan on my new boat last year. Much better rates than my local credit union.

thinkxingu · 10-01-2015, 09:34 PM

Quote:

Originally Posted by kawishiwi

https://www.essexcredit.com/home/rates/
As mentioned in prior post.

These guys were so good and responsive for the loan on my new boat last year. Much better rates than my local credit union.

4.9% for 10 years is pretty good--thanks for the link!

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gator8 · 10-01-2015, 09:55 PM

I purchased a boat earlier this year and had an excellent experience with lightstream. (A division of SunTrust Bank) Everything was done online and the rates were the best I could find.

rowinghelmet · 10-02-2015, 10:06 AM

Hanscom Credit Union will do 2.44% for 72 months

https://www.hfcu.org/loans-and-credi...-rv-loans.html

HellRaZoR004 · 10-02-2015, 10:45 AM

Quote:

Originally Posted by rowinghelmet

Hanscom Credit Union will do 2.44% for 72 months

https://www.hfcu.org/loans-and-credi...-rv-loans.html

That's a great rate.

One thing to consider when searching. Make sure you do all the applications within 14 days as each time you have your credit pulled it will typically reduce your score. Each inquiry within 14 days is generally considered one inquiry. I say this because each inquiry could negatively affect your score by a few points and put you in a different bracket.

noreast · 10-02-2015, 01:38 PM

Bell weather had great terms and rates, haven't checked lately. As was said. Essex and boat bank usually work with the dealers with good rates. If you go short term as you plan you can find under 5 for sure possibly much lower. Also if you know exactly which boat you want you may want to wait for the boat shows, you could get better terms and lots of upgrades for free. They will still have plenty of time to build your boat for April. If the feds raise the prime rate that could impact luxury item rates pretty quick.

10-01-2015, 09:01 PM	#1
kawishiwi Senior Member Join Date: Apr 2014 Posts: 519 Thanks: 227 Thanked 167 Times in 108 Posts	Best I could find... https://www.essexcredit.com/home/rates/ As mentioned in prior post. These guys were so good and responsive for the loan on my new boat last year. Much better rates than my local credit union.

10-01-2015, 09:55 PM	#3
gator8 Junior Member Join Date: Aug 2002 Location: Hopkinton MA / Meredith WBCC Posts: 14 Thanks: 80 Thanked 1 Time in 1 Post	Boat financing I purchased a boat earlier this year and had an excellent experience with lightstream. (A division of SunTrust Bank) Everything was done online and the rates were the best I could find.

10-02-2015, 10:06 AM	#4
rowinghelmet Senior Member Join Date: Jun 2012 Posts: 60 Thanks: 0 Thanked 25 Times in 20 Posts	Hanscom Credit Union will do 2.44% for 72 months https://www.hfcu.org/loans-and-credi...-rv-loans.html

The Following User Says Thank You to HellRaZoR004 For This Useful Post:
thinkxingu (10-02-2015)

10-02-2015, 01:38 PM	#6
noreast Senior Member Join Date: Mar 2015 Posts: 648 Thanks: 316 Thanked 120 Times in 93 Posts	Bell weather had great terms and rates, haven't checked lately. As was said. Essex and boat bank usually work with the dealers with good rates. If you go short term as you plan you can find under 5 for sure possibly much lower. Also if you know exactly which boat you want you may want to wait for the boat shows, you could get better terms and lots of upgrades for free. They will still have plenty of time to build your boat for April. If the feds raise the prime rate that could impact luxury item rates pretty quick.