I was just wanting to get a ball park of where interest rates and terms would be on new boats as well as used boats in the 2001-2005 or so range? This of course assuming a good credit score. Any info will be appreciated. Thank you for your time.
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I was just wanting to get a ball park of where interest rates and terms would be on new boats as well as used boats in the 2001-2005 or so range? This of course assuming a good credit score. Any info will be appreciated. Thank you for your time.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by TnBassin3709 »</TD></TR><TR><TD CLASS="quote">I was just wanting to get a ball park of where interest rates and terms would be on new boats as well as used boats in the 2001-2005 or so range? This of course assuming a good credit score. Any info will be appreciated. Thank you for your time.</TD></TR></TABLE>
The years you mentioned do cover a bit of a spread. Most lenders will add a small amount to the interest rates when boats get 5 years and older. Some add a bit at three years, like 1/2 point or so. Dollar amounts will determine the term of the loan. As for rates, the best we are seeing now are in the mid to upper 7's. We only deal in fixed, no balloon, simple interest loans. There are those things around but we do not recommend them.
Let us know when the time is right and we will be ready to help.
Thank you,
Ken
Thank you for the information. Ill let you know when i get ready to buy. Thanks
[QUOTE=TnBassin3709]Thank you for the information. Ill let you know when i get ready to buy. Thanks[/QUOTE
You can visit our website at http://www.reclending.com. We have an on-line application that makes it simple. We will follow up for your SS number.
Thank you,
Ken