Boat Loan Term Lengths
What would be good financing terms on a $ 30k Boat?
So, I live in the DC metropolitan area and rent is absolutely ridiculous until now. Also, I have two dogs but one is staying with my parents until the end of my contract that allows a dog when I hoped to have found a way to take my dog to another type (I was in the area of less than one year). I'm considering buying a boat and marina liveaboard 30k and live in it. I'm just wondering This would be a good interest rate and length of a business. The boat is old (1975), but in good shape. I think to convince a lender to make a loan should be easy considering I have credit mid-700s, the very low credit balances in current accounts (<$ 3k combined) and all in good standing, and currently pay more rent than the loan rates slip + + utils cost. Something tells me that the bank can still be awkward on a boat in 1975. But I could be 6 or 7% by 5 years with 10-20% below what you think?
Not ot 6 7. Boat Loans are more than car loans. You are looking for 12 to 16%
Moby-Dick (IV)
