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Old 09-06-2011, 18:55   #16
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Re: Current financing options for older monohulls

capt phil--is nice here---
what i am gaining on my formosa, i am losing big time on my yet unsold ericson 35....and, with only 2 yrs left on my mortgage, out of country saves me from homelessness and loss of both boats....eeeeeppssss... buyers market and dough should get someone a good boat for damncheep......oh,btw--my mortgage was selling ericson to pay off formosa----no one wants ericson in sd---why i dunno--was a geat racing boat and all they do there is race and drink......rofl.....

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Old 10-06-2011, 06:04   #17
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Re: Current financing options for older monohulls

Originally Posted by LostAtSea2011 View Post
Call Space Coast Credit Union....They will finance 1977 and newer.

Thanks for the lead. the rep at Space Coast was a bit defensive but he said that someone with 800+ credit (me) would get 70% loan to value based on NADA. He that the survey would need to be almost perfect and that the term would be very limited in time.

That is the best that I've seen but still is miserably low.

Oh well...

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Old 12-06-2011, 22:17   #18
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Re: Current financing options for older monohulls

Have never used them but have heard of essexcredit . They advertise financing older boats.

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