Originally Posted by snort
Yeah, had a similar problem when inquiring about getting a boat loan on an older boat.
How about a lender who deals primarily with boats? Essex?
When I went through it, I tried all the major lenders, they all either said no, or would loan me something like 5-10k. One lender actually laughed and thought i was kidding.
talked with esses in person. the rep was less than useless. She said flat out that they wouldnt do a loan for a 45 year old boat, not matter how nice. I assumed the OP was referring to boat lenders.
10 years seems to be the magic number, YMMV