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Boat Financing?

Old 02-17-2019, 09:40 AM
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Default Boat Financing?

Anyone have boat financing recommendations? I live on the South Shore of Mass.

Thanks!
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Old 02-17-2019, 09:47 AM
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I used intercostal but I probably wouldn't recommend them as they really held up my purchase because as with any mortgaging company they said everything is good then at the last minute say oops we need X Y Z.

Also the were really bad about keeping me updated while waiting on the sellers documents so I could contact the broker to say put the screws on the guy a little bit to get the deal done.
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Old 02-17-2019, 03:05 PM
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Sterling Associates
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Old 02-17-2019, 03:22 PM
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Originally Posted by capeguy View Post
Sterling Associates
X2
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Old 02-17-2019, 04:05 PM
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Another vote for Sterling .just got my 3rd loan through them. Great people and very easy to work with .
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Old 02-17-2019, 04:33 PM
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Call Shawn Rogan at Sterling.
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Old 02-17-2019, 04:37 PM
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Another vote for Sterling- Chris Stevens.
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Old 02-17-2019, 05:15 PM
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Nobody gunna say lightstream ( if you have great credit)
was the easiest loan I have ever gotten
the only problem I say with them is I applied for the loan before looking at a boat and they said money will be in my account the next day and I wasn’t even looking at the boat until the Weekend. What would I have done if the boat was a pos. I guess I would have to keep looking
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Old 02-18-2019, 05:02 AM
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Intercoastal(Lynda Kemppainen) and staff were excellent and very responsive. Also used Sterling in the past with great results.
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Old 02-18-2019, 05:45 AM
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We used LightStream. Very fast and easy...and can be used on older boats.
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Old 02-18-2019, 07:02 AM
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Originally Posted by croche1260 View Post
Anyone have boat financing recommendations? I live on the South Shore of Mass.

Thanks!
plenty of info if you search: https://www.thehulltruth.com/search.php

i'd try yacht closer, sterling aka boat banker

i'd avoid trident and newcoast

you also provide zero details about amount, size of boat/yacht, age of boat, term of loan you want, collateralized or not, etc, all much more important than your location
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Old 02-18-2019, 12:07 PM
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I vote for light stream as well. Lowest rate by far and was the easiest.
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Old 02-18-2019, 12:12 PM
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Sterling associates
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Old 02-18-2019, 12:28 PM
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Loved lightstream. Great especially if you are buying an older boat and do not want to deal with all sorts of restrictions. I did an unsecured loan at 5.5% for 7 years, and had the money in 24 hours. This frees you up to really negotiate. Being able to go to a seller and say "cash deal, no waiting on brokers and the finance company BS" puts you in the drivers seat.... especially if the seller has had to deal with that before.
Nice thing is I have the title to the boat as well. If I ever want to sell it and buy something else with the funds and just continue with the same note I can, easy.
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Old 02-18-2019, 12:31 PM
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Light stream has higher rates, shorter terms, and limit is $100k

May work for some but there are better options
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Old 02-18-2019, 02:21 PM
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3 loans with Chris, all fast and easy!
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Old 02-18-2019, 02:48 PM
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Definitely Lower rates through sterling I used them and am happy
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Old 02-19-2019, 07:04 AM
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I have sent clients to Shawn Rogan at Sterling Associates for the last 15 years. He is a true professional...and will take good care of you.
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Old 02-19-2019, 07:19 AM
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liberty bay cu
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Old 02-19-2019, 08:28 AM
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I financed through Sterling last year, through Navigant Credit union. Got a great rate and one of the few lenders who would refinance for a repower.
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