So, we found a 1986 boat that the surveyor
put as being in "Bristol" condition and valued at $84,200. My FICA score is in the high 770s and we have only modest, very affordable auto and mortgage debt.
The yacht loan specialist placed us with a credit union that had to be argued with to get them up to the point of 25% down plus sales tax and fees
. That's ridiculous.
We're looking for a lending institution that will do 85% of survey
value on a 30 year old boat. Any suggestions?