It is something that I am trying to obtain but the 20 years seem to be a hang up for most. Thanks for any input.
2006-09-01 04:03:11 · 7 answers · asked by chiofe_2000 1 in Business & Finance ➔ Personal Finance
Do not become a slave to the lender, if you come up with cash, fine. If you use the boat for business to return your investment, i am all for it. but use the boat for lavish lifestyle, don't. the boat value drop like the rock of mobile home. do something smart with the money. If you the rich man go ahead, but if you live pay check to pay check, don't
2006-09-01 05:45:18 · answer #1 · answered by Hoa N 6 · 0⤊ 0⤋
20 years is an excessive term for a $37K boat loan. If you need that much term, then consider a home equity loan (if possible). I'm assuming that the boat is a luxury item and not a necessity. You're not a commercial fisherman, pro bass fisher or something of the sort. Just a quick tax hint; if the boat has a galley and head, you can deduct the interest on your tax return as a second home.
Good luck
2006-09-01 04:17:33 · answer #2 · answered by Adios 5 · 0⤊ 0⤋
I sure wouldn:t want to pay for a boat for 20 years. By the time you got it paid for it would be all to peces. But if you just have to have the boat, then you need to go to a bank for the loan.(not the boat dealer) Even then, a bank want loan you the full amount. Plus, you will have to have some colateral for the loan. I wish you luck.
2006-09-07 04:06:12 · answer #3 · answered by mswildman2005 2 · 0⤊ 0⤋
Hmm thats alot. Did you talk to your local bank..? Yes 20 years is a long time & by that time you would have paid about USD 3000 or 5000 more as the interest but i think its worth it. since you dont pay it at once. Talk to a few banks or Financial organisations & see chose whats the best. All the best. Im sure you will buy that new Boat! Good Luck! - Dr.Doom
2006-09-01 04:11:20 · answer #4 · answered by Dr. Doom 2 · 1⤊ 0⤋
LEGIT LOANS 2015
They offer all kinds of loans and at an affordable interest rate too to both local and internationally borrowers. It will do you lots of good to email them as soon as possible via chryslerfinance@hotmail.com
2015-03-28 02:34:21 · answer #5 · answered by Anonymous · 0⤊ 0⤋
try your bank for a loan or maybe get a home equity loan.
2006-09-05 08:29:42 · answer #6 · answered by bucksolutions1 2 · 0⤊ 0⤋
Try the links in http://www.freewebs.com/efinans/
2006-09-01 07:09:40 · answer #7 · answered by Anonymous · 0⤊ 0⤋