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Financing an older boat
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06-05-2023, 08:25 PM
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SeaDogAK
Senior Member
City:
Juneau
Vessel Name:
Sea Dog
Vessel Model:
DeFever 49 Raised Pilothouse
Join Date:
Aug 2021
Posts:
202
I’ve financed several boats through a credit union, generally at more than 40% loan to value, without problems. One advantage to financing is that you may qualify for a second home tax deduction on the interest.
SeaDogAK
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