Old Boat Financing

[TOO EZ]

Can anyone give me some Advice on Funding an older hull boat?
And NO... Writting a Check for the Full Amount is NOT an Option, Taking out a 2nd on my Home is Not an Option, Nor do I wish to debate Financing vs. Cash. I like Other Peoples Money.


Boat is a 1973 Hull with a Hull up restoration in the late 90's.

Beautiful Boat but, Finance guy says the boat "Doesn't Book out" and the Book doesn't take into consideration the restoration.

Any Advice?

Thanx!

[Capt. Brian Daley]

yah buy a dingy

[flndrpndr23]

Your best bet is to contact lenders that deal exclusively with boats. These lenders have a better understanding of the marine market and should be more receptive to your inquiries.

[TOO EZ]

Your best bet is to contact lenders that deal exclusively with boats. These lenders have a better understanding of the marine market and should be more receptive to your inquiries.

That is Who I am/have been dealing with. Pure Boat Finance Guys.

[Cowboy]

Ryan I checked and according to the online literature it says you need a vessel to properly intal many types of fencing looks like Fence Patrol needs a capital asset investment to me.
Good Luck

PS: Wanna buy Maverick slip on C dock included for 2007 right in the middle of all the action

[Seaker]

http://www.russofinancial.com/rf-newengland.htm

Ask for Maribeth or Arlene and use my name as a reference.
I'm not sure due to boats age but they will tell it straight up

Good luck
Vin

[Tuna Taxi]

And NO... Writting a Check for the Full Amount is NOT an Option, Taking out a 2nd on my Home is Not an Option, Nor do I wish to debate Financing vs. Cash. I like Other Peoples Money.

Amen Brother!

I know the financing rules change significantly on 20+ year old boats, I would try a different marine financing broker with a larger rolodex. If the boat is fiberglass, you'll find someone to give you financing with a good survey, but may need to stay below 80%. If it's wood, all bets are off.

I've used Coastal Finance in Virginia Beach. They are good with older boats and self employed buyers. There number is 491-6600. If they cannot help you being out if state, they may be able to refer you to a good marine financing agent in your area.

Good luck.

[TOO EZ]

Gary

I'll Take your Slip if you decide to MOVE.

Spoke w/ IRM on Sat. and looks like we will have a Slip on A or at the end of C.

They LIKE ME.... Which means they dont know me very well!

[TOO EZ]

Amen Brother!



I've used Coastal Finance in Virginia Beach. They are good with older boats and self employed buyers. There number is 491-6600. If they cannot help you being out if state, they may be able to refer you to a good marine financing agent in your area.

Good luck.

She's a Glass Boat on a Solid Hull. We plan on laying down 20-30% just to buy down the loan. If I didn't buy down the Blackfin 50% when I bought her - I'd still have her (which IMO isn't a Bad thing... She was a Good Boat).

I hope we can pull it off... We shall see.

I need FRANKY to call me now! FRANKY!!!!!!!!!!