If I were asking a lender for a loan on a used boat with a NADA value of X what percentage of that value would they loan? 80%, 90%, less?
If I were asking a lender for a loan on a used boat with a NADA value of X what percentage of that value would they loan? 80%, 90%, less?
<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by Tr176 »</td></tr><tr><td class="quote">If I were asking a lender for a loan on a used boat with a NADA value of X what percentage of that value would they loan? 80%, 90%, less?</td></tr></table>
No carved in stone answer here, each lender has it's own rule. Some lend based on wholesale and some lend from retail, based on age. What value rule we will have to follow depends on the lender we need to use for your loan. Is you need a hand with a NADA value, let me know. We are ready to work when you are ready.
Ken
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