Re: BOAT SHOW THIS WEEKEND!! (reclending.com)
Will you guys be at any of the Chicago shows?
Re: BOAT SHOW THIS WEEKEND!! (a 5 basslimit)
Good question. Generally by the time the main shows start, we are stuck to our chairs at the office. Mostly we can be of more use to the dealers and customers by being in the office where we can have everything ready. We take credit applications over the phone and can email papers so we can in a sence be in several places a one time. We will also be at a couple open houses. It was nice to be out at that show and meet some BBC people. And besides, nothing else is going on in early December.
That being said, what shows do you attend? Are you looking to buy this spring? Let us know how we can be of service to you.
Ken, Todd & Chris
Merry Christmas
Re: BOAT SHOW THIS WEEKEND!! (reclending.com)
I usually attend the show at Rosemont which is in the end of January. I am hoping to be ready to by the end of February. I am in the process of selling my current boat which is almost a done deal and i will be using some of that money to pay down of alot of my debt to increase my credit score and improve my income to debt ratio.... Any tips or suggustions form your end? I plan on borrowing 25-28k. Would it be possible to borrow more of the boat price to include taxes?
Re: BOAT SHOW THIS WEEKEND!! (a 5 basslimit)
<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by a 5 basslimit »</td></tr><tr><td class="quote">I usually attend the show at Rosemont which is in the end of January. I am hoping to be ready to by the end of February. I am in the process of selling my current boat which is almost a done deal and i will be using some of that money to pay down of alot of my debt to increase my credit score and improve my income to debt ratio.... Any tips or suggustions form your end? I plan on borrowing 25-28k. Would it be possible to borrow more of the boat price to include taxes?</td></tr></table>
From a debt payoff standpoint, the standard rule of thumb is to pay off the smallest and work up. That way some will go totally away rather than shotgun a little around. When you get things paid off like the boat, make sure you get a "release of lien" if you owe on it.
The down and finance amount we can walk you throu when the time comes. Having some down does help but the "buy" on the boat is more important. We always try to remind our buyers about other things in the purchase like taxes or changes in equipment. Sounds like you are heading in the right direction. Let us know when you are ready.
We look forward to working with you.
Ken, Todd & Chris
Re: BOAT SHOW THIS WEEKEND!! (reclending.com)
Ok great thank you. My boat is paid off so im good there.... what is the avarage intrest rate out there right now? My biggest fear is that I am selling my bout and for some reason I wont qualify for a loan then I will go boatless......
Re: BOAT SHOW THIS WEEKEND!! (a 5 basslimit)
<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by a 5 basslimit »</td></tr><tr><td class="quote">Ok great thank you. My boat is paid off so im good there.... what is the avarage intrest rate out there right now? My biggest fear is that I am selling my bout and for some reason I wont qualify for a loan then I will go boatless......</td></tr></table>
Rates can go from the best in the mid 7'S TO 18.95 for rocky road stuff. The rate will vary because of score, year of boat, loan to value and dollar amount borrowed. There is a bunch of variables but we will present the best deal we can find for you.
Stick to your plan and let us know when you are ready. If you need help checking on a value of something you are looking at, give us a call and we can book it for you. We also work with several dealers and can try to help with the search.
Thank you,
Ken, Todd & Chris