Apply for your
Boat Loan before you walk into the Boat Dealership
Recognizing the heavy weight that the recent recession
has placed on the shoulders of many Americans, many financial
institutions, lenders and retailers are doing what they can to
lighten that load. Aimed at helping people through tough economic
times, many companies are offering those with bad credit or even
no credit the means to get approved for guaranteed financing.
More and more companies are offering financing options that are
quick and easy, perfect for people looking to get into a used
boat, or new boat even with bad credit.
If you need a second chance, even if you've been
effected by bankruptcy or even divorce, there are financial lenders
out there that will give you a helping hand, especially if you're
looking for a boat. With a guaranteed loan, you'll be able to
rebuild and re-establish the credit rating that's taken a beating
lately due to the economy.
Specially designed for individuals and families
with low credit scores, or even those with zero, limited or particularly
damaged credit ratings, guaranteed boat financing can get you
back on your feet - or back on the water - quickly. Since a loan
approved with guaranteed financing is reported to all major credit
bureaus and agencies, your timely payments repaying the loan will
positively impact your credit score in no time.
If a boat loan is what you need, you'll be able
to find many lending sources, both land-based and online - that
can help you. As usual, when it comes to financing, there are
a few things that you need to know:
First, know the price of the boat. If you can
make a down payment, all the better. Know how much of you'll need
to borrow, what the interest rate is on the loan, the loan's terms
and payment schedule, etc.
As usual again. Do your research: compare loan
offers from different financial sources before you make your final
selection. Use the internet as a powerful tool that can bring
all the information that you need to make an informed decision
at your fingertips, quickly. If you do your comparison well, you
be able to choose the right boat lender for you and your particular
financial circumstances. There are many lenders that really want
your business, so you should be able to - with a little bit of
diligence - get a good deal. Do your homework and read the small
print and you should be fine.
Also, loans can offer interest rates that are
fixed or variable rates. The main advantage of a fixed boat loan
interest rate is that you'll know from the get-go what your monthly
payments will be. With a variable boat loan rate option, you may
get a lower rate initially, but it can increase over time. Some
lenders offer a third option for loan interest, which is calculated
over the lifetime of the loan or on a per day basis. Use a loan
calculator to help you determine what's best for you if need be.
Keep in mind that there are two basic requirements
that many lenders need is proof of income, and you have to be
18 years old or older. With online internet loan offers, you'll
be able to fill in loan applications relatively quickly and get
a final decision just as fast.
BoatUS:
Boat Loans
BoatUS has been around for 30 years and has been
providing boat loans as low as $25,000 and your down payment can
be as low as 10% down.
Online
Application Offers Instant Approvals
You
can also print then fax credit application
Boat Calculator: Monthly
Loan Cost of Your New Boat
Bank of America Boat Financing
Click
here to apply for boat financing
Bank of America covers the below states.
* Alabama
* Alaska
* Arizona
* Arkansas
* California
* Colorado
* Connecticut
* Delaware
* District of Columbia
* Florida
* Georgia
* Guam
* Hawaii
* Idaho
* Illinois
* Indiana
* Iowa
* Kansas
* Kentucky
* Louisiana
* Maine
* Maryland
* Massachusetts
* Michigan
* Minnesota
* Mississippi
* Missouri
* Montana
* Nebraska
* Nevada
* New Hampshire
* New Jersey
* New Mexico
* New York
* North Carolina
* North Dakota
* Northern Marianas Islands
* Ohio
* Oklahoma
* Oregon
* Pennsylvania
* Puerto Rico
* Rhode Island
* South Carolina
* South Dakota
* Tennessee
* Texas
* Utah
* Vermont
* Virginia
* Virgin Islands
* Washington
* West Virginia
* Wisconsin
* Wyoming
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