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re: Boat Financing...who did you go through?

Posted on 7/10/17 at 9:09 pm to
Posted by Pueblo Battle
E Tx
Member since Jun 2017
230 posts
Posted on 7/10/17 at 9:09 pm to
Banterra Bank in Marion IL. Bought my last boat in Nashville Ar. Banterra had lowest interest rate by far
Posted by hawgndodge
Member since Jun 2009
5112 posts
Posted on 7/10/17 at 9:58 pm to
State Farm bank
Posted by mfiredog
Stonewall
Member since Oct 2016
701 posts
Posted on 7/10/17 at 10:56 pm to
Bank of the West has been good to me. We bought a boat 7 years ago and a 5th wheel camper this year through them. No complaints
Posted by Dock Holiday
Member since Sep 2015
1738 posts
Posted on 7/11/17 at 7:29 am to
If you own a home, consider a home equity loan. You can write the interest payments off on taxes. One of the down sides is it takes much longer to get the money as it's a second mortgage, and has to go through similar protocol as the original mortgage.

I did this when I re-powered by boat last year, and set it up to pay off in 1.5 years on a 5 year loan. Once paid off I may do it again to build my workshop/man cave.
Posted by civiltiger07
Baton Rouge
Member since Dec 2011
14493 posts
Posted on 7/11/17 at 8:23 am to
quote:

Bank of the West


That is who I have my boat financed through. My interest rate is around 4%.
Posted by bayouvette
Raceland
Member since Oct 2005
5252 posts
Posted on 7/11/17 at 8:56 am to
reclending.com
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
35163 posts
Posted on 7/11/17 at 10:13 am to
quote:

Bank of the West
quote:

That is who I have my boat financed through.


Do you Bank of the West consumers live in Louisiana. I looked on their website and it listed states you had to live in to get a loan. Did you do it yourself or go through a dealer?
Posted by CootDisCootDat
St. Charles, The Community
Member since May 2014
1699 posts
Posted on 7/11/17 at 10:15 am to
It was through Cabela's.


ETA: Found it on their website Blue Water Finance. Did this application and was approved within 6-8 hours for a Comanche. Ended up with the RT188.
This post was edited on 7/11/17 at 10:42 am
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
35163 posts
Posted on 7/11/17 at 10:34 am to
I believe Bent Marine also uses them. Must need to go through a dealer in Louisiana.
Posted by CootDisCootDat
St. Charles, The Community
Member since May 2014
1699 posts
Posted on 7/11/17 at 10:43 am to
What kind of boat are you looking at getting?
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
35163 posts
Posted on 7/11/17 at 12:25 pm to
Nothing new. Just casually looking around for a used bay boat.
Posted by Swampman
North La.
Member since Feb 2016
238 posts
Posted on 7/12/17 at 2:56 pm to
As a banker, credit unions are usually cheapest rates. But would not hurt to check with your bank if you have been long time customer. Will give breaks on rates and terms.
Posted by pdubya76
Sw Ms
Member since Mar 2012
6375 posts
Posted on 7/13/17 at 8:16 am to
quote:

Nothing new. Just casually looking around for a used bay boat.


I'm not sure what you are looking for but I have a 2016 Xpress 22 Bay that will be for sale in a couple weeks. Title in hand.
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