Steve S
Well-Known Member
- Jun 5, 2007
- 3,101
- Boat Info
- 2000 400 Sedan Bridge with twin CAT 3116's
2000 340 Sundancer - SOLD!
210 Monaco 1987 - SOLD!
- Engines
- Twin Caterpillar 3116's 350 HP straight drives
Any recommendations on yacht financing?
I have an offer accepted on a used 400DB. Got approved for financing BUT at very unfavorable terms. Makes me shake my head as I planned on 30% down and financing the balance. They offered me a loan with 42.5% down, 64% higher interest rate and shorter term then I planned on.
May blow the deal up.
I have excellent FICO credit well above 750 so that is not an issue.
Any recommendations on a lender? I am in Northern Illinois.
Thanks!
Steve
I have an offer accepted on a used 400DB. Got approved for financing BUT at very unfavorable terms. Makes me shake my head as I planned on 30% down and financing the balance. They offered me a loan with 42.5% down, 64% higher interest rate and shorter term then I planned on.
May blow the deal up.
I have excellent FICO credit well above 750 so that is not an issue.
Any recommendations on a lender? I am in Northern Illinois.
Thanks!
Steve