Best Boat Loan Financing Bank

wreckdiver60

Active Member
Joined
May 6, 2018
Messages
29
Reaction score
0
Points
1
Just looking for any suggestions for the best place to go for a boat loan?
Any experience with lending tree or Trident?
Thanks in advance..
RT
 

mg1826

Well-Known Member
Joined
May 4, 2022
Messages
54
Reaction score
8
Points
8
Age
41
Location
Madison, CT
Model
Express 330
I’ve used Chris Stevens at Sterling Associates for my last three loans. In my opinion, they are one of the very best in the business. Each loan was executed quickly and they handled everything, including the USCG documents and processing. Highly recommended.


 
  • Like
Reactions: Matth

wreckdiver60

Active Member
Joined
May 6, 2018
Messages
29
Reaction score
0
Points
1
I’ve used Chris Stevens at Sterling Associates for my last three loans. In my opinion, they are one of the very best in the business. Each loan was executed quickly and they handled everything, including the USCG documents and processing. Highly recommended.


Thanks Ill check them out. I appreciate it!
 

Mustang65fbk

Well-Known Member
Joined
Jun 4, 2020
Messages
2,576
Reaction score
682
Points
113
Age
38
Location
Seattle area
Model
Seafarer
I think a credit union will likely be better than going to a bank, even possibly your own bank. I looked into my bank when I bought my house as well as my boat, of which both times their down payment requirement and interest rates were considerably higher. I used to work for Nordstrom and they have their own credit union, so I used them for my boat loan. If I recall correctly, I believe my interest rate with them is around 4% with no money down and a 7 year loan.
 

Natron

Member
Joined
Aug 31, 2022
Messages
15
Reaction score
15
Points
3
Age
41
Location
Maine
Depending how fast you intend to pay it off, lightstream is a good resource. Usually takes 24 hours for approval and money is distributed next day.

I have used them 4 times now with success.
 

JJF

Well-Known Member
Joined
Feb 14, 2021
Messages
442
Reaction score
133
Points
43
Location
Gloucester, MA
Model
Canyon 306
x2 on Chris Stevens at Sterling (boatbanker.com).
 
  • Like
Reactions: Matth