hey guys I know there is a lot of these threads on here but my deal is alittle different. I'm going to be hopefully repowering my boat soon with a new motor. the new motor is going to cost around $15,000. but I'm not going to need to finance the whole thing my left over will be about $5,000-$6,000. what would be my best option on getting a loan for that amount? thanks
<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by smittytriton20x »</td></tr><tr><td class="quote">hey guys I know there is a lot of these threads on here but my deal is alittle different. I'm going to be hopefully repowering my boat soon with a new motor. the new motor is going to cost around $15,000. but I'm not going to need to finance the whole thing my left over will be about $5,000-$6,000. what would be my best option on getting a loan for that amount? thanks</td></tr></table>
Thank you for the question. Your best bet for something in that dollar amount would be with your local bank or even a credit union. The national lender type places will require a lien on the boat, motor and trailer. a small local place may even de a personal type loan. In that dollar amount you will pay a bit higher interest rate than borrowing more but that is the nature of the beast. If you can not find anything local, get in touch with us and we will see what we can help with.
Thank you for asking.
Ken
Reply With Quote