Thread: PWC Loans
09-08-2008, 06:24 PM #1
Anyone have any suggestions to get a jet ski loan with good rates? Didnt know where to post such a ? so I figured Id ask the guys that always answer back.
09-08-2008, 06:37 PM #2
no such thing as a good boat loan
you need a home equity loan at < 6%
09-08-2008, 06:43 PM #3
I got mine at Texans credit union at 6.1%
Monthly payments are $151.00 for a $6300 loan (paid cash for the rest)
09-08-2008, 06:46 PM #4
Yeah here in MD I am part of a credit union Im looking at buying 2 skis(FZR/VX DELUXE) finance for 20k for 6 years at 9.20 just figured I could find a better deal.
09-08-2008, 06:47 PM #5
09-08-2008, 06:50 PM #6
The biggest problem with PWC's is they fall in a lower tier loan category, which results usually in a higher rate. Also, the way the economy is at this time, a lot of lenders are not willing to fund loans lower than $25,000. I have a good friend that does internet boat loans, here is a link to his site:
I have a call in to him to get more information back on the loan structure for PWC's and will post more information after we talk. Unless you have great credit (720 beacon or over), Bombadier/Money Bank will give you the smackdown on rates, just got done dealing with that myself. Glenozzy is correct, your best bet right now may be an equity line or a refi with cash out on a home loan. With the Fannie Mae and Freddy Mac bailout underway, talk is that home rates may get down in the 5.5% range in short order.
Last edited by g8tor8; 09-08-2008 at 06:51 PM. Reason: name correction
09-08-2008, 06:51 PM #7
- Join Date
- Jan 2007
- Las Vegas, NV
Always pay cash for a toy!
09-08-2008, 06:56 PM #8
Cash isnt an option for me, cant save money for shyt. I do have good credit and have been approved for many loans thro many companies so getting approved wont be hard.
09-08-2008, 06:58 PM #9
pay cash for toys !!! america was built on credit !
09-08-2008, 07:01 PM #10
- Join Date
- Oct 2005
Check out GE Money bank. they have the contracts for seadoo and yamaha financial services...
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