Financing a Boat

[joby86]

What is the best route for getting boat financing? Should I just call my bank or my mortgage company for a boat loan? Are there specialty boat financing companies that I should contact??
Any help would be appreciated.

Thanks

[galleyslave]

Call your bank. I beleive if a boat has living quarters ie: head, galley, and stateroom, you can get a second home loan. You can also write the interest off your taxes on that type of loan.

[gsent]

Your Best Deals On Boat Loans Are Usually Starting Up Around October. Annapolis Boat Show Has Many Lending Institutions There, And Rates Are Very Competitive. Sterling Financial, Is One That Comes To Mind. Last Year 5.99 Was The Going Rate, But I'm Sure This Year Will Be Very Different.

[gsent]

This year, boat loans seem to be around 6.99 for new and 7.5 for used.