High-Performance Boat Financing Still "Extremely Limited"
04-10-2011, 09:20 AM
#61
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Join Date: Apr 2007
Location: Northern, KY (Cincinnati) Lake St Clair, MI Norris Lake, TN
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Yep. Few do anymore. I design and install computer networks for banks that are too small to have their own IT department. Savings and loan, family operations. Of the 120 plus clients I have in 19 states, none will do a boat loan. Larger regional or even national banks wont loan on anything older than a few years. Which doesn't make a ton of sense to me. Once newer boats take a large depreciation hit they level off for a long time.
