Google churns up plenty of predatory lenders with 19% interest or higher, but if I wanted that I could just put it on my credit card.
Little background, I’m buying a used boat for $17000 from a broker, and I guess they don’t help with financing like a car dealer would. Talked to the bank that has our mortgage, and they’re happy to give me a $10000 line of credit, but no more than that based on my income. I think they were treating it like a personal loan, because they didn’t even ask me what boat I’m getting.
Scotiabank has a nice welcoming page for boat loans, but I wanted to ask around before I try them out. Any advice? Besides “don’t buy a boat” lol.
Statistics: Posted by ClassicCool — Jan 22nd, 2020 11:44 pm