Wayfarer
Guru
- Joined
- Aug 29, 2014
- Messages
- 2,228
- Location
- USA
- Vessel Name
- Sylphide
- Vessel Make
- Kingston Aluminum Yacht 44' Custom
Hello all,
I looked at a boat today. I liked it. A lot. I want to marry it and have it's babies. Thing is, I don't have enough saved up to buy it outright just yet. I'm willing to finance the small portion I'm lacking, and would be able to pay it off comfortably in a few years. Seems easy enough, right? Well, there's a hitch. The boat is 34 years old.
So far I've tried SunTrust, Sterling, my own credit union, and Essex credit. They all said the boat was too old. Sterling practically hung up on me.
Does anyone have any suggestions for other lenders to try, or other avenues I may not have considered?
If this doesn't work out right now, oh well. I can always just default back to the original plan, and keep saving for a couple more years. If I can make it work though, I'd sure like to.
EDIT: I forgot to mention, I'll be selling the dirt house.
EDIT: Boat US is 1990 and newer only.
Thanks!
I looked at a boat today. I liked it. A lot. I want to marry it and have it's babies. Thing is, I don't have enough saved up to buy it outright just yet. I'm willing to finance the small portion I'm lacking, and would be able to pay it off comfortably in a few years. Seems easy enough, right? Well, there's a hitch. The boat is 34 years old.
So far I've tried SunTrust, Sterling, my own credit union, and Essex credit. They all said the boat was too old. Sterling practically hung up on me.
Does anyone have any suggestions for other lenders to try, or other avenues I may not have considered?
If this doesn't work out right now, oh well. I can always just default back to the original plan, and keep saving for a couple more years. If I can make it work though, I'd sure like to.
EDIT: I forgot to mention, I'll be selling the dirt house.
EDIT: Boat US is 1990 and newer only.
Thanks!
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