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GoVols
03-10-2016, 11:21 AM
When we bought our boat, the rule of thumb was the boat couldn't be any older than 20 years old. Today, a prospective buyer for my boat got news from a marine loan broker that because my boat is 10 years old, no one wants to finance it. How in the world could this be?!!

A local bank is offering her a simple 6 year loan, but the payments would be huge. Can you guys suggest anyone to me that I can refer my buyer to?

42gibson
03-11-2016, 01:56 AM
try one of the brokers,i'm sure they have outlets.

Zilpo55
03-17-2016, 10:03 AM
We purchased our 12 year old houseboat and financed with these folks a couple years ago. Only requirement besides a qualified marine survey was that it be documented. We had good experience with them.

https://www.newcoast.com/

GoVols
03-18-2016, 08:47 AM
Thanks Zilpo! Someone else suggested the same company to me and Joey, the rep, told me my boat would qualify for a 10, 15, or 20 year loan still. The stupid company (Trident Lending) I originally referred my buyer to gave my buyer a lot of misinformation about houseboat lending, which I believe has now scared my buyer away! I'm fuming mad!

Stmbtwle
03-21-2016, 05:25 AM
Good thing I'm not planning to sell any time soon ... my boat is pushing 50.

BananaTom
03-21-2016, 02:27 PM
The stupid company (Trident Lending) I originally referred my buyer to gave my buyer a lot of misinformation about houseboat lending, which I believe has now scared my buyer away! I'm fuming mad!

Sounds like an "Errors and Omission" claim may be warranted, if that is true.

pirate
04-12-2016, 09:49 AM
Essex credit Ft. lauderdal Fl. www, essexcredit.com