Boat Loans 101: Should You Finance A Boat?
Рет қаралды 12,972
Күн бұрынBuying a boat can be expensive. That’s why 70% of boaters choose to finance their boat. But what exactly is financing a boat, how can you prepare for it, and should you finance a boat? All of those questions - and more - will be covered in this video!
The Foothills Marine Learning Hub is the spot for newcomers to learn all about boats.
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0:00 Intro
1:04 Secured Loans
1:22 Unsecured Loans
1:39 Second Mortgage
2:02 Credit Score
2:54 Other Approval Factors
3:32 Pre-Approval
4:13 Post Approval
4:50 Calculations
5:36 Outro
@rds990 Жыл бұрын
Simple answer....NO !! Run from loans on boats (unless you will live on it).
@pellis807 Жыл бұрын
Wait…. What’s a boat actually cost when you finance it for 15 years? I must have skipped that part.
@FoothillsMarine Жыл бұрын
Check out 4:50 for the final calculations!
@robertlawson1184 Жыл бұрын
If you have to finance a 55k boat for 15 years, just dont.
@jpaul4788 9 ай бұрын
If you financing a boat for 15 -20 years, it means you cannot afford it, period
@sputneedickens9446 7 ай бұрын
No, if you go that long, you can't afford it. If you finance that long for a lower finance rate, but, pay it off in 3 years, like I did, you can afford it.
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