Need info on boat loans

[Scapegoat1]

What % is considered a good loan right now
I am looking at a 12 year old boat and will need to finance around $22,000
for around 8-10 years
also any recondmendations
thanks Brian

[riverroyal]

would be great,thats my guess.Better to go with a personal loan through a credit union

[Glamasu]

0% is a good loan.....
Don't buy a boat....Find a friend that has one....
If this doesn't sound familiar " The happiest day of a boat owners life is.....The day you buy it and the day you sell it" it will soon :D
Really I hear 8% isn't bad but Im no loan consultant.
Good luck and try credit unions, I got the best deal there....
Mike

[beaverretriever]

Anything under 8%. You will need a 739 or above credit score with Experian. To my knowledge, most of the boat loan companies use Experian. Trans Union and Equifax don't seem to be used as much; not sure why.
The best rate I have heard in the past month is 7.25.
Good Luck.

[Scapegoat1]

I believe my credit to be in the mid 800s
shall see
one credit union wants over $500 for a fee to create the loan

[Throttle]

7 is do-able...

[beaverretriever]

I believe my credit to be in the mid 800s
shall see
one credit union wants over $500 for a fee to create the loan
Well considering that an 850 is the best anyone can have, I would say mid 800's is good.;)
I have been running credit on people for 5+ yrs and I would have to say I see an 800+ credit score very rarely. You are lucky to have a score like that. It will get you whatever you want. :)
Anything over 739 is pretty much considered perfect when purchasing a luxury item.