How did you get your boat?

[Excessive Force]

Cash or finance, if so what rate/yrs.? Like hot boat mag. says its easy for a 20 yr old to finance one.

[Kilrtoy]

Straight, :crossx: JACKED IT

[ratso]

mrs Kilrtoy made him do it... :D

[Havasu_Dreamin]

I ordered it from the builder.

[Excessive Force]

why didnt i think of that? I heard of one guy who made payment for a couple years then stopped paying, company sent him to collections, he never paid and still has the boat! Uses it with fake stickers. Scandalous!

[Excessive Force]

did someone say "PIC!"!

[LOLLYGAGIN]

Still riding in my dads

[1stepcloser]

Cash or finance.
Both, actually.
Cash down payment and financed the balance.
And the last payment is march 2005. :)

[NashvilleBound]

John could not resist my wifes charm so he decided he could not live another day without making us a boat....I swear! :cool:

[Hallett19]

I got mine with money...... :idea:

[Some Kind Of Monster]

Caysh.... The green kind.

[JetBoatRich]

The past and present boats we paid cash :D the next one will most likely have some financing involved :sqeyes:

[Boat Loan Guy]

Most of the people out there are doing refi on there house for the purchase of there new or used boats. If you 20 years old it really is not that easy. Most of the banks will only loan you as muchs as what you have quailfed for on another loan. Meaning if you are trying to bye a 20,000 dollar boat and your highest credit amount is 5000 dollar than the most you may be able to get would be around 10,000. So it usally doubles your highest debt but not including credit card debt, the banks look at that as revolving debt, so they are more less looking for auto or home loans.
As far as rates go it depends on a couple of things,
First being who much is the purchase. the more money the beter the rate.
As far as terms they range from 10 years to 15 years.
On loans form about 10000 to 16000 mostly are 10 years
16000 to 25000 you can recieve a 12 year loan
25000 and above are 15 year terms
above around 150000 you can push for a 20 year term.
Most rates are from 5% to 10.50%
to recive a 5% rate your credit most be outstanding, some where in the high 750.
Most banks will not touch anything below 680 on your experine credit report.
I hope this answeres some of your questions.

[RiverOtter]

Bought a used 1997 and financed for 4 years. Sold the thing 4 years later for $3,000 less than I bought it for. Then bought a 2002 in cash. I know you should "never say never" but I don't think I'll ever buy a brand new boat again. My last 4 have been used and I have hardly experienced anydepreciation. And that is with production POSes.

[clownpuncher]

Called Froggy, came to a price
Called credit union, pre-approved for whatever
Called Froggy, made a plan
Froggy came to my restaurant, had dinner, showed me some "then top secret" stuff about Trident Custom Boats. I paid Froggy for the boat. Sign, sign sign etc.
Same night, in fact, during the same exact time I was dealing with Froggy, I bought an engagement ring for my honey. The jeweler came to ROC's, had a beer or two, showed me about fifteen diamonds, I picked one and paid him for it. It was hectic, Froggy at one end of the dining room, the jeweler in the other. I was running like I just got caught stealing hubcaps.
Went home late that night, had a few beers and wondered..................
How the hell did I just spend that much miney in one night and not have anything concrete to look at, or hold, or touch? The boat was at Wes', the jeweler had the diamond, and I was two checks short of a full stack.
What a hell of a night, I wouldn't trade it for anything :D

[DeltaSigBoater]

I just kinda started using my grandparents. They don't seem to mind to much since they don't boat that much any more.

[Keithb87]

Bought a basket case... Still a basket case, so I just hitch rides with Family... We have 2 running jets boats, and a 24' Caravell.... :D

[DansBlown73Nordic]

What one are you talking about???? :confused:

[FRENCHIE]

by way of Rubber!!! :p :rollside:

[throwerb]

Cash and a 2 inch ball. stop laughing I said ball.

[sintax]

I can tell you that it is not TOO easy to pick up a boat loan unless you have all sorts of good credit and a hefty down payment. I'm 24 and started looking to get a boat loan early last winter. My only credit history was my 2k dollar loan from my credit union to on my jeep. I have alway bought all of my cars, dirt bikes and other toys cash, so I took the 2k dollar loan out to build some credit.
Lets just say with mid 60k a year income, no real debit, nor expenses they were not banging down my door to give me a loan. I think they would loan me 10k if i put a 20k cash down payment on a boat. I'm currently working on building credit. :hammerhea
I figure I'll just buy my next boat cash, and then maybe by the time i'm ready to buy my "real" boat i'll have some lenders looking to put some funds out for me.
-Scott

[NOTALENT]

Most of the people out there are doing refi on there house for the purchase of there new or used boats. If you 20 years old it really is not that easy. Most of the banks will only loan you as muchs as what you have quailfed for on another loan. Meaning if you are trying to bye a 20,000 dollar boat and your highest credit amount is 5000 dollar than the most you may be able to get would be around 10,000. So it usally doubles your highest debt but not including credit card debt, the banks look at that as revolving debt, so they are more less looking for auto or home loans.
As far as rates go it depends on a couple of things,
First being who much is the purchase. the more money the beter the rate.
As far as terms they range from 10 years to 15 years.
On loans form about 10000 to 16000 mostly are 10 years
16000 to 25000 you can recieve a 12 year loan
25000 and above are 15 year terms
above around 150000 you can push for a 20 year term.
Most rates are from 5% to 10.50%
to recive a 5% rate your credit most be outstanding, some where in the high 750.
Most banks will not touch anything below 680 on your experine credit report.
I hope this answeres some of your questions.
I just bought my boat..1999 Sleekcraft sundancer 23ft...got the guy down to 20,000 put 10% down.. @7%apr and with a 8 year loan..not too bad..but I have exellent credit.

[NOTALENT]

I can tell you that it is not TOO easy to pick up a boat loan unless you have all sorts of good credit and a hefty down payment. I'm 24 and started looking to get a boat loan early last winter. My only credit history was my 2k dollar loan from my credit union to on my jeep. I have alway bought all of my cars, dirt bikes and other toys cash, so I took the 2k dollar loan out to build some credit.
Lets just say with mid 60k a year income, no real debit, nor expenses they were not banging down my door to give me a loan. I think they would loan me 10k if i put a 20k cash down payment on a boat. I'm currently working on building credit. :hammerhea
I figure I'll just buy my next boat cash, and then maybe by the time i'm ready to buy my "real" boat i'll have some lenders looking to put some funds out for me.
-Scott
Go to Melissa blake Kid..with Essex...I still owe 7000 on my truck..have 1000 on credit cards..I make 40000 a year..And I was still able to afford that 20000 boat in my signature..pic. No questions asked. And I am 21

[SHAKE-YO-AZZ]

:hammer2: :hammer2: 211PC

[ahhell]

my house bought it for me..5.5% hell ya

[77charger]

mine cost 16k i financed it for 10 years.6 months later we refi the house for lower rate got cash back paid it off,as well as toyhauler,and my gsxr still kept same house payment.

[That Guy]

I had Kilrtoy jack one for me.... :devil: :yuk: :devil:

[Excessive Force]

Sounds like barely used is the way to go

[sintax]

I had Kilrtoy jack one for me.... :devil: :yuk: :devil:
I never knew jackin could be so lucrative :p
:idea:
-Scott

[summerlove]

I went to the atm machine....no loans for me!

[Cheap Thrills]

I paid 500 bones for my hull .
had to drive close to 350 miles one way to pick it up . towed it home with a 79 Corvette should have seen some of the looks I got .
now I'm still less than 3k in the game and having a blast with it .
I figure anyone can buy a 60mph jet boat but how many can build one for less than 3k?
C.T. :wink:

[OGShocker]

Our bank thinks our boat is a kitchen. The house is paid off and we needed another write-off. :messedup:

[bilgewiper]

I buy mostly used, about 24+ different boats including 5 lake lice in the last 23 years. Sure some of them have been "projects" but they all were wet and running within weeks of purchase. Except for a Polaris PWC they were all bought with cash. Made a few bucks------and lost a few, but always had fun. If you have more time than money It's the way to go in my book. What is odd is that it usually ends up being the boat that I have the least amount of $$$$ in that I have the most fun with.

[SoCalOffshore]

:confused: I purchased mine.

[JustMVG]

Saw It Wanted it , the wife and kids saw it wanted it, i went to the bank got a cashiers check and bought it. No wheel and deal with the finance guy just paid cash and that was it.
MVG