I see the big three auto manufacturer are offering 0% for 72 months. Will boat loans follow suit. What’s everyone’s thoughts ?
I see the big three auto manufacturer are offering 0% for 72 months. Will boat loans follow suit. What’s everyone’s thoughts ?
One major difference - the auto manufacturers are lending their own money. They have factories to keep moving and employees that need to be paid. The Marine and RV industry are not lending their own money. Recreational lending relies on banks and CU's for the service. Some lenders have offered some rate specials but mostly extending some show deals that come each show season.
There have been some specials in the past but they were bank programs and rates adjusted a few times during the term. Be careful.
Let us know if we can help.
Thank you,
Ken
(517) 543-6921 - Office
(517) 930-2721 - Cell