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Old 05-19-2023, 04:42 PM   #1
Don L
Senior Member
City: Jacksonville
Join Date: Mar 2023
Posts: 353
Financing an older boat

Yes I know there are old threads, but .....

The Admiral wants to move from sail to a trawler. In looking into it seriously it looks to me that we would be looking at a 1980-1990 boat. In that range I can see a seemly jump in boat condition that would exceed the liquid funds I would have to put into the boat. Now I can acturally come up with the funds, but it comes with a 20+% hit and therefore would be less to finance it.

So who has recently managed to finance an 1980s boat at say a 30-40% loan to value ratio? If you did who did you use?
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