Financing a 10 yr old MC

[02ProstarSammyD]

I use a credit union but they did limit the boat to being 10 years old. If it was older it was going to be a personal loan which they are more pissy about

[TxsRiverRat]

Originally Posted by Jpbvizsla

My credit is good so that's not a issue just wondering if age will hurt me. Thanks!

How old are you?

[02ProstarSammyD]

How old are you?

The smile after that question might be alil creepy lol. Just sayin

[92 190 PS]

Credit union here as well. I financed it because the rate was 2.9%, it's now paid off, but at the time it was cheap money. The boat was 15 yrs old when I financed it and there were no issues.

[TxsRiverRat]

Originally Posted by 02ProstarSammyD

The smile after that question might be alil creepy lol. Just sayin

hey, at least i didn't use the wink smiley! LMAO!

[02ProstarSammyD]

hey, at least i didn't use the wink smiley! LMAO!

...........Credit Union Van. Dollars and loans inside

[snork]

Originally Posted by Jpbvizsla

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!

If this boat doesn't work out for ya I might be interested

[02ProstarSammyD]

My credit is good so that's not a issue just wondering if age will hurt me

I guess I can actually put a real 2 cents in here. Your age will not be an issue. Your age of accounts does matter. Without knowing your credit profile it would be like shooting in the dark but low dti, good status on your revolving accounts, and previous installment accounts are going to be your biggest positives. The weight of these factors varies by bank but credit unions have been traditionally easier to get recreation vehicle loans for at a better rate. if any of these items are out of whack you can expect a higher rate or no loan at all. The market as it is isn't very conducive to sloppy lending like it was years and years ago. What will also help is a nice down payment. My credit union required nothing down but believe most will. If you can give me your location I can see who is playing nice in that area.

[TxsRiverRat]

Originally Posted by snork

If this boat doesn't work out for ya I might be interested

Coming back to MSC?

[tideengineer]

2 years ago I financed my 96 Prostart with Credit Union...almost paid off now so i can really start dropping some money into it!!!