What is the avg. term for boat loans?

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What is the avg. term for boat loans?

Since banks are closed today, does anyone know?

2007-02-19 06:10:42 · 3 answers · asked by Lish 1 in Business & Finance ➔ Personal Finance

It is a 21 foot open bow baja. Just wondering since banks are closed.

2007-02-19 06:19:55 · update #1

3 answers

You can finance boats out a long way. Keep in mind that a boat is a HORRIBLE investment, so only spend disposible cash on one.

2007-02-19 06:18:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋

It depends on the size of the boat and what you are doing with it. Small runabouts 4 years Larger boats like house boats could go up to 20 years. Commercial fishing boats 30 years or longer.

2007-02-19 14:17:01 · answer #2 · answered by golferwhoworks 7 · 0⤊ 0⤋

10years is average

2007-02-19 14:29:12 · answer #3 · answered by hdwasp59 2 · 0⤊ 0⤋