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19-02-2009, 06:52
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#1
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Registered User
Join Date: Jan 2009
Location: portland, oregon
Boat: my boat is out there, somewhere
Posts: 8
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financing in the pacific north west???
Hello to everyone,
Do any of you readers know a good reliable finance company around portland oregon that I could get a boat loan from??
Any information that would help me would be greatly appreciated!!
Thanks,
Dustin
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19-02-2009, 07:13
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#2
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Registered User
Join Date: May 2005
Location: Cruising Greece
Boat: Cat in the med & Trawler in Florida
Posts: 2,323
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Now???- I would supect no one is loaning money on boats right now- the banks are all tanking and likly going to be taken over by the Goverment soon- I really wish you good luck in finding a loan- I would ask for owner finiceing until the market shakes out
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19-02-2009, 07:25
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#3
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Registered User
Join Date: Dec 2007
Location: Currently liveaboard -Ensenada
Boat: Catalina 30
Posts: 87
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Not sure..
Not sure of anyone's lending status right now. As I read in the paper everything has tanked...on the other hand, two days ago I couldn't find a parking spot at the mall! I guess everyone was going in to watch everyone else not spend money...so confusing. Anyway...some say you can get financing depending on credit, others say nada ...none available.
In the past, Key bank was a pretty good source for boat loans.
Luck to you.
Ray and Sandy on
S/V Pure Joy
Olympia, WA.
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19-02-2009, 07:49
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#4
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Registered User
Join Date: Jun 2007
Location: Central Michigan
Boat: 34' Seafarer Ketch "Friea"; 30' SeaRay
Posts: 53
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Quote:
Originally Posted by dustin awesome
Do any of you readers know a good reliable finance company around portland oregon that I could get a boat loan from??
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In this economy??
Ha ha ha ha ha ha ha ha.
Oh...um, you are serious? Sorry - can't help.
__________________
One day at a time...
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19-02-2009, 10:18
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#5
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Registered User
Join Date: Mar 2006
Location: Nevada City. CA
Boat: Sceptre 41
Posts: 3,857
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Have you tried some of the ads in 48 North and lat 38?
__________________
Fair Winds,
Charlie
Between us there was, as I have already said somewhere, the bond of the sea. Besides holding our hearts together through long periods of separation, it had the effect of making us tolerant of each other's yarns -- and even convictions. Heart of Darkness
Joseph Conrad
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19-02-2009, 11:02
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#6
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Registered User
Join Date: Mar 2003
Location: Philippines in the winters
Boat: It’s in French Polynesia now
Posts: 11,368
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S0000000000000
Without loans available, is the boat industry going to go belly up now. They are going to need a bail out too!
I'm sure if one has enough cash down one can get a finance from most anyone.
__________________
Faithful are the Wounds of a Friend, but the Kisses of the Enemy are Deceitful! ........
The measure of a man is how he navigates to a proper shore in the midst of a storm!
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19-02-2009, 16:09
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#7
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Registered User
Join Date: Jan 2009
Location: portland, oregon
Boat: my boat is out there, somewhere
Posts: 8
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thanks everyone for your repllies.....
just because the economy sucks, doesnt mean i have to stop dreaming ...but i can see it trying to wake me up more often..
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19-02-2009, 19:35
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#8
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Registered User
Join Date: Dec 2008
Location: Gulfport, MS
Boat: Beneteau 393
Posts: 954
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Hey dustin awesome,
Not sure what everyone is talking about- we closed on a boat loan just 2 1/2 weeks ago. People who do boat loans need to sell new loans- that's how they make their money.....Anyway, we used a national bank, but our buyer's broker said he had a few companies he worked with that were giving out some good boat loan deals. Maybe you could try talking to a buyer's broker and pick his brain on some good sources of financing in your specific area. Good luck!
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19-02-2009, 20:38
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#9
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Registered User
Join Date: Jan 2009
Location: portland, oregon
Boat: my boat is out there, somewhere
Posts: 8
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thank you
thank you
thank you
thats exactly what i need- encouraging advice!
even though times are super tough dreams are what gets us through....
thank you geopowers!
and to you charlie- i just picked up the february edition of 48 north and will be checking the ads this evening... thanks
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21-02-2009, 14:34
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#10
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Registered User
Join Date: May 2006
Location: Nicholasville, Kentucky
Boat: 15 foot Canoe
Posts: 14,191
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Is this a meets and greets thread?
regards,
JohnL
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22-02-2009, 06:10
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#11
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Registered User
Join Date: Mar 2007
Location: Cormorant Island, BC, Canada
Boat: Lancer 44 Motorsailer
Posts: 1,877
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You can also look for owner financed. With the downturn in the economy selling a boat becomes also difficult and since people are getting squat in the banks for their savings some have taken to financing a boat or a house they wish to sell while charging a higher interest rate than they would have gotten elsewhere.
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