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  1. #1
    Member
    Join Date
    Dec 2010
    Location
    Muncie, Indiana
    Posts
    527

    Need some advice

    Im about to be in the market for a new boat. Can anyone give me some rough info on what to expect term amd payment wise for 35 to 40k loan with good credit.

  2.  
  3. Member
    Join Date
    Sep 2007
    Location
    Greensburg Pa
    Posts
    1,615
    #2
    Play around with auto loan calculators for a general idea. Length of loan is critical to that calculation.

    http://www.bankrate.com/partners/sem...lculator-rates
    '14 Triton 18XS 150 Optimax Pro XS Fortrex 80
    Fish Chautauqua Lake and Lake Erie
    Love bass and fly fishing for Trout and Steelhead

  4. Member
    Join Date
    Dec 2010
    Location
    Muncie, Indiana
    Posts
    527
    #3
    Ive already done all that. Its hard to justify what i can spend without knowing the average term for that loan amount

  5. Member
    Join Date
    Jul 2004
    Location
    Lacoochee , Florida
    Posts
    2,376
    #4
    So if I did that right
    60K
    12year
    12% on high side
    equals 197.01 monthly
    my last loan for a boat with smaller amount and rate the payments were higher

    Rick Someillan
    Lacoochee, Florida

  6. Member
    Join Date
    Dec 2010
    Location
    Muncie, Indiana
    Posts
    527
    #5
    You didnt do something correct. 15 years on 40k @6% was 350

  7. Member
    Join Date
    Jul 2004
    Location
    Lacoochee , Florida
    Posts
    2,376
    #6
    Its messed up on this computer. I am just waiting to get duckies all in line then I am going to contact Rec Lending. I have considered having them do a soft pull and see what they say.

    Rick Someillan
    Lacoochee, Florida

  8. Member
    Join Date
    Nov 2016
    Location
    Magnolia, TX
    Posts
    102
    #7
    Reclending is very easy to work with and rates are in the 4.7% range. They can walk you through the terms, payments, options, etc
    2017 Bass Cat Eyra

  9. BBC SPONSOR
    Join Date
    Dec 2009
    Location
    Michigan
    Posts
    1,665
    #8
    I see our name popped up in there - Thank you C130. The tough part about playing with numbers is you really are guessing a a couple. You could really get some numbers all over the board. We are seeing SOME just under 5% if everything lines up.
    We can do a SOFT PULL and get a decent idea of where the rates might be. Let us know if you are interested in that and we can walk you through the process.
    Let us know how we can help.
    Thank you,
    Ken

  10. Member
    Join Date
    Jul 2012
    Location
    Dunn NC.
    Posts
    327
    #9
    Rec Lending was very good to deal with!!!

  11. Member
    Join Date
    Feb 2014
    Location
    Chicago, IL
    Posts
    418
    #10
    Rec will get you taken care of. Only way to go.

    2017 Phoenix 721 ProXP

    Previous boat:
    2000 Triton Tr-186