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  #1  
Old 01-07-2013, 10:26 PM
Jpbvizsla Jpbvizsla is offline
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Join Date: Sep 2012
Boat: 2003 Master Craft 197 Pro Tournament Team LQ9
Location: Midwest
Posts: 16
Financing a 10 yr old MC

Hey guys, I'm new to site and have a couple of questions. I'm looking at purchasing a 03 MC Pro tournament team 197. It's in great condition with 300 hours. It has the LQ9 upgrade, tower and perfect pass. Asking price is $26K. Is that a decent price? Also will I have trouble financing? My credit is good so that's not a issue just wondering if age will hurt me. Thanks!
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  #2  
Old 01-07-2013, 10:50 PM
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mikeg205 mikeg205 is offline
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Boat: 1995 Pro Star 205 5.7 Liter
Location: Plainfield - Joliet, IL
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Shouldn't be a problem - friend financed a 2000...
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  #3  
Old 01-08-2013, 01:13 AM
kalamalka kalamalka is offline
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Join Date: Sep 2011
Boat: mastercraft x1 2006
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I would have to see some pics, but that sounds okay. my brother in law just got a loan for a 2001, there was no issues.
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  #4  
Old 01-08-2013, 03:46 AM
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Jerseydave Jerseydave is offline
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Join Date: Jul 2004
Boat: 2005 X-STAR & 1993 Prostar 190 Limited
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Take out a home equity loan if possible, it will be a lower finance rate and you can deduct it off your income taxes at the end of the year.
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  #5  
Old 01-08-2013, 08:09 AM
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Double D Double D is offline
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Join Date: Sep 2004
Boat: 1994 Mastercraft, ProStar 205, 350 Indmar with 275 hp
Location: Massillon, Ohio
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Quote:
Originally Posted by Jerseydave View Post
Take out a home equity loan if possible, it will be a lower finance rate and you can deduct it off your income taxes at the end of the year.
Yeah, what JerseyDave said. That's what I did.
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  #6  
Old 01-08-2013, 08:34 AM
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CantRepeat CantRepeat is online now
 
Join Date: Jul 2008
Boat: 06 X30
Location: Roll Tide!!
Posts: 8,087
Join a credit union, they normally have better rates then any bank would.
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  #7  
Old 01-08-2013, 08:42 AM
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east tx skier east tx skier is offline
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Join Date: Jul 2004
Boat: 1998 Ski Nautique
Location: End of my rope.
Posts: 25,191
+1 on the Credit Union. Mine did my 10 yr old MC at 2.5% for 5 years 10 years ago. Paid it off early and no regrets on financing a toy even though I know there are those who will say you should never do that. The memories are so worth the interest paid.
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To me, this forum is about love of inboard boats. It is about the sharing of information and, on a good day, some humor. It is not about post count, brand of boat, or any other superfluous labels that lend themselves to a false sense of superiority. Please, respect one another, try to pass on accurate information, and keep your eye on the ball.
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  #8  
Old 01-08-2013, 08:51 AM
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scott023 scott023 is offline
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Join Date: Sep 2008
Boat: 2008 X45 Switch L18
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Posts: 11,457
Credit Union. X3
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  #9  
Old 01-08-2013, 09:37 AM
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cwarndahl cwarndahl is online now
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Join Date: Dec 2011
Boat: 12 X-25 its ok old X-10 the best
Location: texas
Posts: 444
i bought my o1 x-10 in 09, and i have good credit was able to get a 5 yr loan through a credit union at 2.9%. so X4 on credit union. i too paying off early. and have loved every minute of it, and so glad i paid more for the MC quality, partially due to this forum as well!
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  #10  
Old 01-08-2013, 09:42 AM
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Hogwild Hogwild is offline
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Join Date: Feb 2012
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Location: South
Posts: 397
Credit union x4 although i wish i could have gotten a rate as low as some of u. Mine is at 7.9%
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