Credit Unions will be your best option. I have mine thru TDECU, but most credit unions are comparable.

 

Ken Lamain is in the forum vendor section. No personal experience although he has been on here for at least a couple of years. Just saying…….cC

 

I've used Lightstream a few times in the past, they were quick and easy with no pay off penalties. I'm sure the interest rates on recreation loans right now will be sky high.

 

got 7% percent with Security Service Federal credit union. Randolph Brooks wanted 11%

 

And this is why you are seeing boats sitting awhile now, interest makes those payments look way worse than a couple years ago.

 

yea no kidding. i was at 5% back in 2019

 

Light stream. One of the easiest approval processes ever. As mentioned no pen skirt for early payoff. 30 min online application process. Finding usually same day.

 

Lightstream as mentioned, I got mine from them last year for my grady white. No collateral no age of boat requirements, just have good credit. And a word of advice, who ever you go with factor in the cost of registration and taxes. I forgot to do that and had to pay out of pocket.

 

I have purchased two boats using Taylor Beckford with Intracoastal Financial Group, his number is 772-224-1142. He is fantastic.

 

I went through Ken and his team on my boat purchase a few years ago. Solid rate and effortless process. He has multiple lenders to choose from.

 

USAA does boat loans, if you can use them.

 

Thanks everyone

 

Good morning,
We help with boat loans. We work with several lenders so there are options. We start with a soft credit pull to see what you might qualify for.
Let me know how we can help.
Thank you,
Ken

 

Every person that I’ve dealt with here on 2Cool has been exceptional. No BS, honest deals, and quality people. Boat dealers, guides, boat service, personal sales, etc.

 

Bank of The West out of California was the cheapest interest I found back in 2019.

 

interest rate that is

 

I've always had the best luck with my local credit union. I primarily use Matagorda County Credit Union in Bay City. Baycel is usually neck and neck with them. They are usually a bit lower than TDECU. I bank with TDECU but they are almost always a point higher on boat loans than the smaller CUs I deal with.


I just financed a new boat and the best I found a couple of weeks ago was 7.5%. I was quoted as high as 8.99%. That is for 48-60 month loans. Longer term is probably higher.

 

RANDOLPH BROOKS CU is my go to.

 

Good morning. The "best deal" depends on many things. Price, finance amount, term of the loan, credit score, credit history, prior loan amounts, down payment, age of what is being bought, loan amount VS value, buyers debt to income ratio and even where someone lives all come into play. There is no silver bullet that is best in all cases.
We work with several lenders and do a soft credit pull to help make the plan. Be careful of credit shotgunners when it comes to your bureau. We like to have the plan before making a rifle shot to the lender we need.
Let me know how we can help.
Thank you,
Ken

 

I ended up going through rbfcu and got a 6%

 

Nowadays, that's a pretty good rate for a boat. Congratulations! Where's the pictures of your new ride?

 

Yessir thanks!

 

Congrats on the new sled, and yeah, 6% is about the best you're gonna get now. Randolph Brooks has always been my go to as well, they seem to always be a little cheaper than TDECU.