if good credit what can i expect for interest rate and length of loan? around $6000
if good credit what can i expect for interest rate and length of loan? around $6000
Tough to find motor only loans. Any re-power would need to include the boat and trailer as collateral. Any lender would want liens on all three items.
If there is a current loan in place, that old loan needs to be paid off with the new one so the liens are all in the same place. Best numbers we are seeing on re-power is 7.9% and that's because of the lender and type of loan.
Let me know how we can help.
Thank you,
Ken
Another option is to get a 0% for X months credit card and buy the motor using the CC. I have seen up to 15 months on occasion and 12 months regularly.
USN Retired
2020 Basscat Caracal
2020 Mercury 225 ProXS 4s