does anyone know what the intrest is on grady whites finace plans and what type of finace plans/ grady white finace information
finace plans
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It is my understanding that Grady White the manufacturer does not offer financing. Your dealer will have several loan sources to offer.
I highly recommend you contact your local credit union or one connected to the industry you may work in. Credit Unions can offer really great rates and terms.
Excel Credit is another big one, I think they're national. And if you have a local yacht broker you like they will probably have a finance broker they can refer you to that can arrange financing.
You should be able to get up to 15 years with 10% down, and rate of around 7% give or take.
Mine is on a HELOC on the house - 5.75 interest only 'till I want to pay it off, or sell the house, which we are not - would lose our shirt!
Sorry, no zero down zero interest deals like for cars. :wink:
I highly recommend you contact your local credit union or one connected to the industry you may work in. Credit Unions can offer really great rates and terms.
Excel Credit is another big one, I think they're national. And if you have a local yacht broker you like they will probably have a finance broker they can refer you to that can arrange financing.
You should be able to get up to 15 years with 10% down, and rate of around 7% give or take.
Mine is on a HELOC on the house - 5.75 interest only 'till I want to pay it off, or sell the house, which we are not - would lose our shirt!
Sorry, no zero down zero interest deals like for cars. :wink:
How much collateral at those rates and down payments? Not for the HELOCs.
Credit union is going to loose big on number of repossesions and disposal prices during these times. The figures seem more applicable to normal times.
Credit union is going to loose big on number of repossesions and disposal prices during these times. The figures seem more applicable to normal times.
Not sure what ya meant there Bob...
Collateral? The boat is the collateral, right?
I just re-fi'd my truck with a local credit union. They were doing mailings to get customers, I responded, and they had car loans for 4.24% up to 60 months, up to 90% of nada retail.
I asked them about RV's and boats since I have one of each, and they were ready to meet what we had on the RV. Since it wasn't a savings we stayed with our other credit union. I think that rate is about 6.25. For boats they were right at about 6.5% for 12 to 15 years on the larger amounts.
I personally haven't seen any problems getting finance money if you have good credit. I was talking with a couple of the bigger RV dealers out here, we were looking at diesels, and they said no problem getting 7% for up to 20 years. The difference was they were not getting decent rates or terms for units older than '04, and were not able to pile on negative equity like they used to be able to do. They also said you need to show some down-down, at least 10%. Man, the prices were attractive!! But my current unit, a 2005 gas Winnie, has really taken a dump. :cry: We would prolly have to pay 20-30 grand to sell it. Guess we'll just hang on and use it.
Maybe it's different in different locales.
Collateral? The boat is the collateral, right?
I just re-fi'd my truck with a local credit union. They were doing mailings to get customers, I responded, and they had car loans for 4.24% up to 60 months, up to 90% of nada retail.
I asked them about RV's and boats since I have one of each, and they were ready to meet what we had on the RV. Since it wasn't a savings we stayed with our other credit union. I think that rate is about 6.25. For boats they were right at about 6.5% for 12 to 15 years on the larger amounts.
I personally haven't seen any problems getting finance money if you have good credit. I was talking with a couple of the bigger RV dealers out here, we were looking at diesels, and they said no problem getting 7% for up to 20 years. The difference was they were not getting decent rates or terms for units older than '04, and were not able to pile on negative equity like they used to be able to do. They also said you need to show some down-down, at least 10%. Man, the prices were attractive!! But my current unit, a 2005 gas Winnie, has really taken a dump. :cry: We would prolly have to pay 20-30 grand to sell it. Guess we'll just hang on and use it.
Maybe it's different in different locales.