Is there such a thing as a 100% loan? Son was told at dealership no down payment needed. I would like to make sure B4 he runs into needing a down payment.
Is there such a thing as a 100% loan? Son was told at dealership no down payment needed. I would like to make sure B4 he runs into needing a down payment.
Thank you for the question. Some lenders do offer that type of loan but there is generally a bit more to it. Since the risk is higher for the lender, the rate COULD BE a bit more than with some skin in the game. Some lenders require down payment and some times credit level comes into play. Also, if you go that direction, be sure to send additional money with each payment you can. Financing the full shot means that interest is being charged on things like sales tax, registrations and any other additional charges above the boat.Originally Posted by fishrgolf
Let me know how we can help.
Thank you,
Ken
Bought my Ranger 2 months ago and financed no money down and 7.0%.
2018 Ranger Z518C 200hp Rude.
12 inch HDS Carbon
9 inch HDS Carbon
2022 Ram 2500 6.7l Cummins
How much did you finance and for how long?
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