Refinancing Boat Loan

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pgilbert

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exMember
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17740
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I'm looking to refinance my boat loan. Looking to the expertise here for some good companies to deal with. Thanks.
 
If you are active or prior military, USAA did me very well. I went down several percentage points from whomever MarineMax was using. Cut my payments and the longevity signifigantly.
 
Phil,
I wish u luck with the refi. I tried and got denied as the boat value vs what I owed were at opposite ends of the planet. Same thing with a buddy of mine .

On another note. If u have volvos in the boat let me know .

Rob
 
Try Trident.
They are pretty good at getting things thru:

Shelton, CT (888) 386-3888
1077 Bridgeport Ave.

Shelton, CT. 06484

(203) 944-6555 Fax (203) 944-6556
Cell: (203) 394-3434

vluzietti at tridentfunding.com
 
I thought about a refi to do a diesel conversion on the boat. However with the credit market drying up I'm not sure how many hoops I would have to jump through? Since I'm technically an employee (LLC) and still have a great credit score I'm not sure how it would end up. My understanding of the credit market in today's world is that it is entirely different when I purchased this boat for $105k and got approval within 15 minutes and closed about a week later. I paid the 15 year loan off in early 2009. I would have been so upside down on this boat if I kept the loan. Then again I would have another $80k in my personal bank account. The refit and repower were paid for when I had the work done.
I don't have a good enough grasp on lending practices and standards in today's market when it comes to boats. I would think boat's are worse then housing.
Bill
 
quote:
Originally posted by Robski97

Phil,
I wish u luck with the refi. I tried and got denied as the boat value vs what I owed were at opposite ends of the planet. Same thing with a buddy of mine .

On another note. If u have volvos in the boat let me know .

Rob

Click to expand...


Rob - I do have volvo 5.7's. What does that have to do with a possible refinance? BTW, what does the lender use to determine the value of the boat?
 
quote:
Originally posted by pgilbert

quote:
Originally posted by Robski97

Phil,
I wish u luck with the refi. I tried and got denied as the boat value vs what I owed were at opposite ends of the planet. Same thing with a buddy of mine .

On another note. If u have volvos in the boat let me know .

Rob

Click to expand...


Rob - I do have volvo 5.7's. What does that have to do with a possible refinance?
Click to expand...


Nothing, he's probably still researching this:

http://www.boatered.com/forum/topic.asp?TOPIC_ID=156019
 
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