I live in annapolis and am new to boat loaning. I need advice on the best option for a loan of $10000.
2006-09-08 03:07:08 · 1 answers · asked by peeps 1 in Business & Finance ➔ Personal Finance
If you are buying through a broker, they can steer you in the right direction. If you are buying from an individual, you'll have to get all the pertinent information together, as to value of the boat, etc., then go to either your bank or credit union and apply for a loan. If the boat has a street value of more than the $10K, you probably won't have a problem, if you have collateral.
2006-09-08 03:14:44 · answer #1 · answered by skyeblue 5 · 0⤊ 0⤋
I would be able to help you, but your question is not really a question. The best option only the institutions where you apply will be able to answer that question. It depends on new/used and the value of the boat, in comparison to how much you need financed.
The route you want to go, is collateral of course. And the easiest way will be to get the boat from a dealership as opposed to an individual. I guess if there is anything I can help you with you can email me.....
2006-09-08 03:20:59 · answer #2 · answered by Mega 3 · 0⤊ 0⤋
Save your money, rent.
2006-09-08 03:14:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋