Do you guys require a down payment for new or used boat loans like you would if you financed it through the dealerships Thanks
Do you guys require a down payment for new or used boat loans like you would if you financed it through the dealerships Thanks
<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by taly-ho »</td></tr><tr><td class="quote">Do you guys require a down payment for new or used boat loans like you would if you financed it through the dealerships Thanks</td></tr></table>
Thank you for the question. We work with lenders placing loans much like a dealers F & I department would. One difference is in how a deal is presented to a lender. They look for "equity position" not strictly down payment. Equity can be a discount, a "deal" or how far from retail you actually purchase. On used boats it can be the difference between what you are buying it for VS what it could sell for or book value. Sorry if that sounds like dancing but thet me put it this way..."there is more than one way to skin a cat". If you have a specific boat in mind, call us at the office5 517-543-6921 and we can help you with it. We do this full time and do not make a dime until the deal is funded and you are towing the boat home. Let us know how we can help. Ken, Todd & Chris
June looks to be along ways away but thats when I'll have my truck paid off. Don"t want to be lock down to 2 payments. Plus I'll be able to buy alittle nice boat if I wait. From what I read on the other people who use you here on BBC I'll be coming to you first you can count on that. What a good credit score for lower intrest rates. Haven't look at our in awhile but last time it was around 725.
We will be here whenever you are ready.
Have a Merry Christmas,
Ken, Todd & Chris
Just saw your application this morning. We will be calling you later this morning to get your SS number and review the details.
Thank you,
Ken, Todd & Chris
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