What's an average interest rate on a boat

[jcamp]

?? Curious plain ole aluminum bass

Sent from my SAMSUNG-SM-G890A using Tapatalk

[WTN]

My CU is offering as low as 5.0% APR right now.

[Buckshot-73]

They won't charge interest if you pay cash.

[Landrover]

They won't charge interest if you pay cash.

BINGO!!!! The only way to fly when buying toys!
But..............interest rates are based off of your Credit Score...........the higher your score the lower the interest. I personally would not give anyone more than 2.5% in this economic environment. U can check your score online for FREE. Definitely would not shop without knowing that.

[ColinR]

You need to be asking about rental fees.....

Remember the old saying if it Flies, Floats or F**** RENT IT!

[Pernell]

They won't charge interest if you pay cash.

TRU DAT

[jcamp]

Question was what is the average interest rate folks. I understand paying in cash is ideal.

Sent from my SAMSUNG-SM-G890A using Tapatalk

[Landrover]

Question was what is the average interest rate folks. I understand paying in cash is ideal.

Sent from my SAMSUNG-SM-G890A using Tapatalk

What is your score and then you can GET AN AVERAGE for that score range! When you get that score you are now in the drivers seat once you get into the finance conversation....or at least you know what to expect.....just saying.

[Sparkles]

Just guessing here, but a used boat could be around 10%
You might get a better rate on a personal line of credit.



Sent from my iPhone using Tapatalk

[jcamp]

What is your score and then you can GET AN AVERAGE for that score range! When you get that score you are now in the drivers seat once you get into the finance conversation....or at least you know what to expect.....just saying.

Thank you sir!

Sent from my SAMSUNG-SM-G890A using Tapatalk

[TexasBob]

Rate depends on term length as well so keep that in mind. Sales guy tried to get me to finance a new Harley for 84 months last week lol. Said 8% was best he saw for that, 4% for 60 months. Toy rates are always higher.


Sent from my iPhone using Tapatalk

[jcamp]

Rate depends on term length as well so keep that in mind. Sales guy tried to get me to finance a new Harley for 84 months last week lol. Said 8% was best he saw for that, 4% for 60 months. Toy rates are always higher.


Sent from my iPhone using Tapatalk

Thank you sir

Sent from my SAMSUNG-SM-G890A using Tapatalk

[GatorBait]

And don't forget the debt to income ratio. That plays a big role. My mom has perfect credit, but her ratio is skewed so her interest rates are high. But good luck with the boat, I wish I could pay cash for my stuff, but that's not always possible. Get one toy and pay it off, then I get another.

[kingranch]

4.5 on my boat its a 15yr note

[SmTx]

3.75% through my CU. Monthly interest payments are so low there's no incentive to throw down the cash and pay it off.