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brdlndrman_84 Newbie
Joined: 23 Jul 2013 Posts: 8 City: pocahontas
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Posted: Jul 23, 2013 7:33 pm Post subject: boat financing |
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Looking to get my first boat. Wondering if anyone has financed a boat with State Farm? That is who I'm thinking of going with wondering of they require money down. I can put money down but would rather keep it. Looking for as least money down as possible. Any suggestions? The boat is a left over new 12 supra 22v for 58900. I wasnt even wanting to buy one this year but thought that was insanely cheap for a new supra. |
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jgriffith Wakeboarder.Commie
Joined: 21 Mar 2012 Posts: 1454 City: Boerne
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Posted: Jul 24, 2013 4:57 am Post subject: |
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You shouldn't ever have to put money down if your credit is good and you are not paying too much for the boat. |
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fish6942 Addict
Joined: 22 Feb 2006 Posts: 603
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Posted: Jul 24, 2013 5:04 am Post subject: |
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Not sure why you'd go to an insurance agency for a boat loan...
I've always received the best rates for loans like this from our credit union. |
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NoahTreat Newbie
Joined: 25 Jun 2013 Posts: 7 City: Sherwood
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Posted: Jul 24, 2013 10:08 pm Post subject: |
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I have never gone though my insurance company before so I wouldn't know. However, my local bank (Arvest) is offering 2.9%. The money down part all depends on how much you are asking to borrow versus what the feel that boat the worth. _________________ Work like a captain
Play like a pirate |
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slidin_out Soul Rider
Joined: 05 Mar 2010 Posts: 353 City: Pearl
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Posted: Jul 26, 2013 10:02 am Post subject: |
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Credit union all the way. In the branch and loan approved in less than an hour and I was a new customer. No money down either and they put in a lower interest to match a competitor's rate at the time. _________________ Lithic, LLC, my biz
The Board's Nest wake shop |
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Blueliner Newbie
Joined: 27 Jun 2013 Posts: 7
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Posted: Jul 30, 2013 5:27 am Post subject: |
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I am going to put mine on my line of credit. The interest is really low. As an open loan I can pay off as much as I want to keep the interest low. I can even pay interest only if I have other expenses that particular month. Look into it. Of course I am at year 14-1/2 on a 15 yr mtg so I have lots of equity. |
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brdlndrman_84 Newbie
Joined: 23 Jul 2013 Posts: 8 City: pocahontas
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Posted: Aug 08, 2013 7:32 am Post subject: |
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got it done through iberia bank. supra launch 21v |
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