Results 1 to 10 of 10
  1. 05-05-2025, 04:22 AM #1
    KYKTB
    KYKTB is offline
    Member
    Join Date
    Apr 2008
    Location
    Spottsville KY
    Posts
    725

    Question Is Reclending the way to go on purchasing a boat?

    I’ve sent reclending an email inquiring about interest rates & loan terms. Just want to make sure they’re the best option. I’m not a member of a credit union. I’ve heard some of them offer reasonable rates
    Any other suggestions?
    Reply With Quote Reply With Quote
  2. dawg1419
    dawg1419 is offline
    Member dawg1419's Avatar
    Join Date
    Dec 2010
    Location
    GEORGIA
    Posts
    452
    #2 05-05-2025, 06:00 AM
    Email several banks too. Get the best rate.
    2010 Basscat Sabre FTD
    Mercury 175 Pro XS 4 Stroke
    Reply With Quote Reply With Quote
  3. jetjoe99
    jetjoe99 is online now
    Member
    Join Date
    Sep 2024
    Location
    Oxford, NC
    Posts
    178
    #3 05-05-2025, 06:39 AM
    Reclending will find the best, if not, close to the best rate.
    2023 Xpress X19
    200 Yamaha SHO
    Reply With Quote Reply With Quote
  4. APS
    APS is offline
    Member
    Join Date
    Feb 2010
    Location
    Olive Branch MS
    Posts
    1,586
    #4 05-05-2025, 08:04 AM
    reclending is hard to beat. Have used them every year for past decade and the guy that just bought my latest boat used them.
    Reply With Quote Reply With Quote
  5. PowerFish
    PowerFish is offline
    Member PowerFish's Avatar
    Join Date
    Jun 2004
    Location
    Gretna, NE
    Posts
    3,033
    #5 05-05-2025, 08:38 AM
    US Bank does marine financing as well with solid rates. RecLending was more than double my US Bank option when I did finance, with good credit.
    Reply With Quote Reply With Quote
  6. Highcentered
    Highcentered is online now
    DINK CATCHER
    Join Date
    Jan 2012
    Location
    Little Rock, AR
    Posts
    13,732
    #6 05-08-2025, 07:14 AM
    Bought the boat I have now with them. Really easy process. Still shop around but dealing with banks yourself for a loan on an expensive toy can drive you to insanity.
    2023 Xpress H18 with 115 SHO.

    Is that small spot with someone already on it really worth finding out the hard way they don't like company? Keep it a mystery and go somewhere else.
    Reply With Quote Reply With Quote
  7. dimitri
    dimitri is offline
    Member
    Join Date
    Jan 2010
    Location
    Azle TX
    Posts
    389
    #7 05-08-2025, 02:36 PM
    you have to be top tier for US BANK to look at you. their rates are lower because they ONLY deal with trusty borrowers
    Reply With Quote Reply With Quote
  8. MassBass320v
    MassBass320v is offline
    Comanche warrior MassBass320v's Avatar
    Join Date
    Dec 2004
    Location
    Talbott, TN
    Posts
    1,308
    #8 05-10-2025, 10:23 AM
    I got a quote from them in February but my local credit union beat them by 1% on interest rate. It's worth checking multiple loan sources.
    __________________________________________________ __
    I reject your reality and substitute my own!
    Reply With Quote Reply With Quote
  9. OH_Ranger
    OH_Ranger is offline
    Member
    Join Date
    Apr 2006
    Location
    Orrville, OH
    Posts
    3,688
    #9 05-10-2025, 11:32 PM
    I picked up my boat last week. Rec lending was great.
    Reply With Quote Reply With Quote
  10. Okie Poke
    Okie Poke is offline
    Member Okie Poke's Avatar
    Join Date
    Dec 2019
    Location
    Ratcliff, AR
    Posts
    5,130
    #10 05-18-2025, 07:07 AM
    Not the BBC way, but a solid lending institution. Check credit union rates for sure.....
    Dallas Cowboys…..Eventual Super Bowl Champions
    Reply With Quote Reply With Quote
« Previous Thread | Next Thread »