First post on the forum but long time reader of this excellent resource. I'm planning on purchasing
a new Lagoon
400S2 and doing a factory pickup in France
June 2017, cruising the Med for 18 months, then heading back to Caribbean/US East Coast
with the ARC
in Nov 2018. I plan to put $200k USD down on an approx $415-425k purchase
. I have solid income
and excellent credit.
I've been approved for the loan at around 4% for 20 yrs (slightly less for 15), however every lender seems to require an immediate return to the US after pickup. By immediate I mean 30 days after signing the papers which is crazy. I find it hard if not impossible to believe that every U.S. purchaser of a new European boat that does a factory pickup and cruises the Med directly after has paid cash.
Any experience out there with this financing
quandary as a US citizen with sights on cruising the Med after factory delivery
Thanks in advance...