Anyone finance motors?
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Looking at repower options (outboards) and don't have enough cash to go with new motors at present. Anyone do motor finance at 3-4%? I'd put about 40-50% cash, and would need to finance the rest. Not really fond of financing toys, but it's that or sit out till next year so thought I'd take a look.
-greg
-greg
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If you hold clear title to the boat, buy the motors with cash and then "buy" the boat and finance the total amount- essentially a re-fi.
No doubt the car loan rate is less- at least there are avenues for liquidating auto repos- boats are tough to liquidate and recover much from.
No doubt the car loan rate is less- at least there are avenues for liquidating auto repos- boats are tough to liquidate and recover much from.
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