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View Full Version : Question about financing a boat....



Essex29
01-12-2005, 06:26 AM
Here's the deal....
Would I be better off pulling out some cash off of a credit card that will give zero percent until paid off or get a standard boat loan at 6 1/5 %?
Not talking the entire amount just about 15k
Are there any downsides to doing this? Has anybody ever done it?

ECeptor
01-12-2005, 06:34 AM
0% is always better than 6.5%...that's a no brainer.

NashvilleBound
01-12-2005, 06:37 AM
0% is always better than 6.5%...that's a no brainer.
What he said....

Powerquestboy
01-12-2005, 08:07 AM
If you can pay off the 15K during the time you get the zero percent its great but if its only zero percent for say 6 months and then your paying 12% for 10 years it would be a worse way to go.