Hey guys, I hope to could get some help here.
I'm in the market for a used boat under $20,000. So which banks currently have the best rates for used boats. I called a few and best I've had so far was with Credit Union1 @ 5.5% and they'll cover 100% of the loan value. It'll be my first boat ever so I'm not sure what to look for or ask about. I assuming it's just like a car loan.
Also what would I need look for when viewing used boats? Any red flags signs? I wish I could afford a brand new boat to avoid issues down the road, but it's not going to happen when I also have a mortgage to pay. I just want to get on the water for some halibut, cod, and salmon action this year. Any help would be great. Thanks