Boat loan: Where do I go?

A local credit union maybe?

Your Credit Union or bank would be the first place I would check, but I would also check with the boat shop about the manufacturer carrying the loan and any other banks or credit unions in the area.

Go only to a Credit Union. Its owned by its people and not some CEO that is given an enormous salary.

Credit Union people are easy to work with and you will be thankful you made the right choice.

I agree with the above. Anytime we’re shopping for a loan, our credit union has been wonderful and easy to work with.

Is this for a business, like charter fishing tours? If so, you can get a business loan in the usual way. If it’s just for recreation, are you sure you want to get in debt for this? Save up your money and buy it outright, or go on craigslist and find a cheaper boat.

I know this isn’t what you want to hear, but on the list of bad ideas, taking a loan to buy a luxury item is pretty near the top of the list. Sorry :-/

Oh i agree. But im buying it anyway. Haha. It will take me 6 months to pay it off… and i have no other debt. My car is paid for and i pay the balance of my credit card every month. I donate 15% of ny income to my 401k, and a little more to an IRA. Most of my investments are not liquid. That being said…. i decided i was going to get a boat about 6 months ago and started saving. Ive come across a great deal from my old boss. I want it because it is barely used, and he is compulsive about things being taken care of. Ordinarily…. i don’t buy things with loans at all. :)