Boat loan interest rates come down for
2012 Fort Lauderdale International Boat Show
October 20, 2012
This week we have had several lenders lower rates by .25% to very low boat loan interest rates starting at 3.75% APR. This may be your time to refinance your boat loan or buy in this buyers market at some of the best interest rates in history. Please view our Current Rates here to see which rates may apply to you.
There are many factors to consider if you are looking to refinance your boat, yacht or rv loan or purchase a new one. First and foremort your credit score, credit history, income, liquidity and boat value. Most lenders are looking for 680 to 720+ credit scores and want to see clean credit throughout your credit report which looks back 7 years and stable income for at least the past two years. They want to see your debt to income ratio below 40% and 30% of loan value or at least 6 months worth of debt payments in liquid assets after down payment. Boat values are very important from both a boat purchase or a boat loan refinancing perspective.
This is often an issue in boat loan refinancing as the lender will require an equity payment.
Don't think about it, just call and ask us!!!! Please give us a call directly at 954-847-1500 for any questions you may have. We can answer almost all of your questions on the phone immediately and can discuss boat values, credit and income.
2012 Fort Lauderdale Boat Show Information
Fort Lauderdale, Florida, the "Yachting Capital of the World" will host the 53rd Fort Lauderdale International Boat Show on October 25-29, 2012. Show exhibits range from yacht builders and designers to exotic cars and brokerage yachts. A wide variety of boats and sea vessels will be on display including runabouts, sportfishers, high performance boats, center consoles, cabin cruisers, flats boats, skiffs, express cruisers, sailing yachts, motor yachts, bowriders, catamarans, ski boats, jet boats, trawlers, inflatables, canoes, and extraordinary superyachts.
Covering six locations and over 3 million square feet of space, the show's transportation network of bus shuttles, water taxis, and riverboats ensures attendees can easily navigate the boat show and its expansive waterways system.Added attractions include The Blue Wild Dive Show, IGFA's School of Sportfishing and Hook the Future's Kids Fishing Clinics.
For more information about the 2012 Fort Lauderdale International Boat Show. Please visit their website at www.showmanagement.com.
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