I couldn't face it. The broker who found the boat for me commented at one time that she had become a member of the family. Very true. I realized that after nearly three decades with her, I was not going to sell her.
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Thread: Hatteras selling market
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Re: Hatteras selling market
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06-28-2019 10:34 PM #22Registered Member
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- Mar 2019
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Re: Hatteras selling market
I feel like I found a boat today that I would buy.Call a marine finance company about a loan.They will not finance a boat older than 1987.Just one company the yacht broker had me call.Anyone know a good marine finance company to use???Big down payment and I have a good credit history.
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06-28-2019 10:38 PM #23
Re: Hatteras selling market
I don't know of any finance companies but if you have a good relationship with a bank it's worth a try. I never financed a boat.
Scott
41C117 "Hattatude"
Port Canaveral Florida.
Marine Electronics and Electrical Products Distributor.
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06-28-2019 11:02 PM #25Registered Member
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- Mar 2019
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Re: Hatteras selling market
Sterling Acceptance in Annapolis. Dave and Karen 1-410-268-1545. Great rates. Bought mine in 2002, 1978 Yachtfish. When rates dropped they renegotiated with the lender to reduce the rate 3 times. Can not say enough good about them
Tomrealest@aol.com
Needs, Wants & Desires
1978 58 Hatteras Yachtfish
SEA 21
1974 46C #313 Hatteras Convertible
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06-29-2019 08:43 AM #27Registered Member
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- Mar 2019
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- 35
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Re: Hatteras selling market
A marine lender may do better for you than your bank.If you have a large enough initial payment, it’s possible that the seller of the boat would agree to hold a note for the balance, subject to the usual agreements and indemnities to protect them. If all else doesn’t work out, might be worth a try.
If a marine lender won’t write a loan on a boat because of its age, regardless of condition, and its brand, just because of the age number, that’s pretty shabby, I think.
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06-29-2019 11:19 PM #29
Re: Hatteras selling market
If you have a good relationship with your bank start there. Mine didn't want to fool with all the marine mortgage paperwork so they just did an unsecured loan for what I borrowed on mine. It was interest only for a while but I could pay on the principal. I got them to do some terms then paid it off. If you don't owe on your house you could always borrow against it. Don't take my words as financial advice though. You don't want to spend more than you can comfortably repay.
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Re: Hatteras selling market
Try Light Stream boat loans through SunTrust Bank. They are unsecured and a very easy process.
Tony