Looking to order a new Phoenix in the next 60 days, I know everyone here on BCC pays cash for these boats, However I'm not one of them. Anyone finance their boat?
If so how long and what kind of rate did you get? I know terms depend on credit score etc.... I'm just looking for some ballpark info and or who you financed with.
Give Rec Lending a call. They beat my credit union and are a BBC sponsor. https://www.reclending.com/
A.J. Kelty Versailles KY
2021 Phoenix 920 Elite
This. Bought my last two boats via Reclending. Great people, smooth process.Originally Posted by A.J.
2012 Phoenix 721/250 Pro XS
I got a loan through Bank of the West at 5.49% but that was three years ago. Surely there are better rates now.
I think my bank is at 5.2 percent for a 10 year.
2023 Phoenix 819 pro
2023 200 Pro XS 4s 3B373365
pond boat
2020 pelican Bass raider 10E
It depends on the amount of years. 10 years will be a lower percent than 20 years. Also depends on credit score. The average right now, that gets used for determining a estimated payment, is 6% on 15 years
3.49% for 15. Shooting to pay it off in half that but there was no interest penalty for going to 15. Keep payment low and add extra every month.
2018 Phoenix 819 / 2018 Mercury 200 Pro XS
3% for 10 years. Won't take that long to pay it off though.
Wow, where are you all getting 3.0-3.5%?
South carolina federal credit Union has special interest rates during the Charleston boat show. You don’t have to buy from the boat show just have to get preapproved during promotional period. That’s how i got mine.
2018 Phoenix 819 / 2018 Mercury 200 Pro XS
SCFU is a great bank. When I was younger they helped me a lot. I have no doubt they have great rates.
ROLL TIDE
Credit union.
Agreed, I have family that used them before.
4.99 at my local bank.
2024 Phoenix 818, Mercury 175 (3B414035) Trick Steps, 3 Garmin 106 SV,s, LVS 34. BoatEFX dual bow mount. Ionic 12V 125AH, 2 12V 100 ah LiTime’s for the TM. Minn Kota 345 PCL charger,
I just ordered a new boat and planing on using this place for a loan at 4.39 % 120 months. https://www.essexcredit.com/home/boat
Update, now going with vantage. https://vantagerecreationalfinance.com/.
They really should upgrade their security protocol from SSL to TSL. I wouldn’t give them my information online.
assuming you meant to say TLS, while I agree it’s improved but also vulnerable and been compromised.
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