They're going to kill you on the interest rate but, I think it is pretty easy to obtain one with a BK as long as you have the financial capability (and net worth) to make the payments. I think salespeople are more inclined to help you because not everyone buys a boat (everyone needs a car though). I would call around and ask. A couple banks that make boat loans are Key Bank out of Florida and the Cit Group out of New York. Good luck. Dani
I've been researching this myself. SunTrust, First Union, and Key Bank are big boat lenders, and I've been told that you need at least 650 on your reports to be considered. eBoatLoans.com claims to have subprime lenders available for lower scores.. I'm looking to buy next month, so I'm in the market for a loan as well. jmart
Just curious, what is an average boat loan rate (prime) and average how long are the terms for? Someday I'll own a boat, just curious what to expect.
Get a boat with a kitchen, bathroom, and a bedroom and it is labled a second house...you can get a low interest mortgage on your boat and write off the payments ) -Peace, Dave
eBoatLoans.com claims to have subprime lenders available for lower scores.. jmart So why do we need low scores to keep these bottom feeders in business???
