Best boat loan companies

(cjh1669) · (cjh1669) **Join Date: Apr 2005** 10-02-2009, 5:14 PM

Looking to start looking into financing for a boat. what experience has everyone had and who do you recommend?

(ctimrun) · (ctimrun) **Join Date: Aug 2009** 10-02-2009, 9:53 PM

Just recently got great terms and rates from Bank of America, Bank of the West, and Union Bank. I ended up with Bank of the West as they beat the other interest rates by 1/4 %. I got 15 years 7 and 1/4 %, 20% down.

(ctimrun) · (ctimrun) **Join Date: Aug 2009** 10-02-2009, 11:40 PM

I should have put in my post it was great terms compared to most others I looked into today's economy.

(wakereviews) · (wakereviews) **Join Date: Sep 2006** 10-03-2009, 5:19 AM

Chris Berkley at BoatLoans.net if it's over 40k

(alans) · (alans) **Join Date: Aug 2005** 10-03-2009, 5:33 AM

Bluewaterfinance.com is who I have always used. Especially new over $40k.

(rugdr) · (rugdr) **Join Date: Feb 2007** 10-03-2009, 6:01 AM

2nd Bluewater Finance. They have always been good to me and I have never had one problem.

(cjh1669) · (cjh1669) **Join Date: Apr 2005** 10-03-2009, 8:19 AM

Thank you guys, we're looking at about 30k, after putting 8-10K down. The key is we want to keep our payments $300 and under

(xstarrider) · (xstarrider) **Join Date: Jun 2007** 10-03-2009, 8:39 AM

Try a place called F.U.N. Financial Underwriters Network I believe it stands for. I have used them for 5 of my loans. Fast esy to work with and have a ton of different options. My last time with them was 3yrs ago so right before the bottom blew out though

(cavlxenvy) · (cavlxenvy) **Join Date: Aug 2007** 10-03-2009, 8:53 AM

U.S. Bank by far. They smoked Bank of the West.

(02redws6ta) · (02redws6ta) **Join Date: Aug 2008** 10-03-2009, 8:55 AM

My local credit union was 5% for 60 months if you had a 720 or higher credit score. I didn't look any longer than 60 months though.

I can't imagine financing a boat for 10-15+ years thats crazy.

(jay_g) · (jay_g) **Join Date: Apr 2006** 10-03-2009, 9:00 AM

Well I financed for 15 years in 2008 for the full amount because I got the best rate. Though, i i made sure there were no pre-payment penalties and as soon as I got my first statement in the mail I made a principal payment of 50%. Ever since I keep making extra principal payments and Im now down from a 15 year to 4 years. The moral is dont rule out a long term if you are getting a better rate AND have the $$ to pay it off in 60 months or less