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Posts Tagged ‘boat financing’

Tips For Buying a Repossessed Boat at a Boat Auction

Thursday, May 21st, 2009

Buying a Repossessed Boat

Most people would expect to find good deals on repossessed boats and in some cases they are right. There are a few things to note however when purchasing a repossessed boat. Although some repossessed boats are sold through dealerships, most units are sold at boat auctions. (more…)

Boat Financing For Non-Current Models and Private Party Used Boats

Wednesday, May 20th, 2009

Financing Your Boat

One thing to consider with a non-current boat purchase is the financing. If you are planning to finance, the lenders will base the amount financed off the wholesale or trade in value from one of the used boat guides such as NADA. This will undoubtedly translate to a higher percentage down payment. For example, instead of 10% down you can expect 20% or more for the down payment. You can use a boat loan calculator to check the impact on your monthly payment.