Best place to finance a used bass boat?

Rippin and Stickin · Post by **Rippin and Stickin** » Wed Sep 22, 2010 9:55 am

Hey guys I have been thinking about upgrading my boat, but I can't afford a new one. Where have you guys found the best intrest rates and places to finance a used bass boat?

Skeeterman · Post by **Skeeterman** » Wed Sep 22, 2010 11:20 am

Try your bank or credit union.They have better rates usally.

sTony · Post by **sTony** » Wed Sep 22, 2010 11:45 am

Key Bank will do it even for some older models, which are much harder to finance then a new boat. And I'd agree credit unions might be of service to you and they're relatively easy to join.

sTony

Rick G · Post by **Rick G** » Wed Sep 22, 2010 12:21 pm

If you go thru your local dealer you can get a used boat [no older than 5 MY] financed for the same rates as a new one. Lots of good rates out there right now also. Rick G.

Phil · Post by **Phil** » Wed Sep 22, 2010 12:53 pm

Credit union

RipnRog · Post by **RipnRog** » Wed Sep 22, 2010 12:54 pm

Phil wrote:Credit union

+1. my last boat was financed threw Patelco credit union

gabuelhaj · Post by **gabuelhaj** » Wed Sep 22, 2010 1:53 pm

Pay cash and forget about it.

If you have equity in an automobile or two, taking a loan against them may be cheaper.

Good luck!

Mike Thomas · Post by **Mike Thomas** » Wed Sep 22, 2010 2:09 pm

Credit union may be the way to go as they usually have decent interest rates on boat loans ( 7%ish ) If the boat you are looking at is older than 10 years they may not do it.

Rippin and Stickin · Post by **Rippin and Stickin** » Wed Sep 22, 2010 2:31 pm

Thanks for all the info guys. My truck is payed off now so I feel the need to replace that payment

I might head down to the credit union and see what kind of rates they have, but I really don't want to go over about $15000-$18000. With that said there have been some pretty screaming deals on boats that last coulple of months. Thanks again all

Bassman35 · Post by **Bassman35** » Wed Sep 22, 2010 8:24 pm

Believe it or not State Farms insurance will go out longer terms then anyone and their rates are pretty competitive.
Bryan

Rippin and Stickin · Post by **Rippin and Stickin** » Wed Sep 22, 2010 10:28 pm

I never knew they did loans I just thought they did insurance. Thanks for the info...

Norv · Post by **Norv** » Thu Sep 23, 2010 5:37 am

Check with the California Community Credit Union in Sacramento. They will work with you and will also try to match any rate that you can find out there.

krpierce · Post by **krpierce** » Thu Sep 23, 2010 6:34 am

Try US Bank. I had a loan through them on my used boat. I also have a loan through them on my new boat. They beat everybodies intrest rate. You will have to go through there Marine/RV division as Mike V.W. and I found out. Good luck.