Financing Recommendations

[MV Wanderlust]

Afternoon all.

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?

Thanks.

John

[pickpaul]

Amazed you were offered that. Finding better will be tougher on an 80's boat.

My advice, start looking at smaller boats and leave plenty for a repairs kitty, even if it's 'bristol' .

Good luck!

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