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To get a boat loan, one must follow some steps. It helps to get pre-qualified for a loan, get full details about the boat and accessories, research different boat terminology, choose one's boat, then contact the seller.
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You got a personal loan and he is a lien holder on your boat now he is threatening to repossess your boat the boat is worth 45000 and the loan was for 8000 what legal steps does he need to take?
If you are making payments he can't take it. Otherwise, he just goes to court and gets a lawsuit against you for the money you owe. If you don't appear in court, he wins. He can then take your boat.
Name something for which you might take out a loan?
House Car College Boat
Does boat rhymes with loan?
No.
What is the average rate of a boat loan?
The average rate of a boat loan is around 5.4%. Of course this is based on your credit rating and the company you get your loan from. Rates can sky rocket if you don't have good credit. So make sure to do your research when investing in a boat loan.
How does one go about getting a boat loan?
Obtaining a boat loan is the same method as obtaining an automobile loan, a mortgage or any loan. One must have a history of credit scores and no bad credit.
Where can a person apply for a boat loan?
You could probably apply for a boat loan at the boat dealership you are planning on using to buy the boat. Boat and car sales are a lot alike, and they probably have on lot financing, if not you could try your bank.
When Crystal City First National Savings and Loan charges more for a 10-year boat loan than for a 5-year boat loan. What accounts for this difference?
There is a greater risk that a 10-year loan will not be repaid.
What is a boat loan calculator for finances?
There is a boat loan calculator is used to see how much financing you can get from a boat. Many times you can look and try and get sometimes grants if you are trying to make this boat for some type of purchase for a grant office.
Is boat insurance mandatory in Missouri?
In Missouri, boat insurance is only mandatory if you have a loan on your vessel.
What you need to get a commercial boat loan?
Darn good credit
Can you get a loan for a boat if you have already paid cash for it?
Yes. Go to a bank where you already do business and ask for a loan using your boat as collateral. If you have the boat title in your possession, the bank will need or require the title be kept by them until the note is paid in full.
What is the going rate of return on boat loans?
An investment on a boat loan depends on many factors, such as income, loan collateral, location, and/or other. If you wish to calculate your rate of return, you must consider insurance, maintenance, and fuel fees. Here is a site that could help: http://www.seadreaminc.com/boat-loan-calculators
