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Q:
hey guys i gotta quick question i have been looking at the nitro z6 boat and its $19,995 and i was wondering what would the down payment be? pls help me out here! thanks

Question by turkeymaster. Uploaded on May 15, 2011

Answers (4)

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from amcclure wrote 2 years 4 weeks ago

That all depends on financing. How much you have to put down... how much you want to borrow. There are some outfits that will allow you to drive a boat off the lot with $0 down if you qualify. The best thing to do before you pull the trigger is determine how much you can put down, the amount you will borrow, the interest rate and terms of contract, etc. Use a boat loan or generic bank loan calculator to play with how much you put down vs. how much you will be paying a month for X amount of months. Then all you need to do is bargain with the guy selling the boat and try to get it for less.

Boat Loan Calculator

http://www.eboatloans.com/calculate.php

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from turkeymaster wrote 2 years 4 weeks ago

thanks man i appreciate it

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from jamesti wrote 2 years 4 weeks ago

how's your credit? makes a difference as well as how much you can put down.

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from Kenton wrote 2 years 4 weeks ago

You're usually better off finding your own financing unless the dealership has some kind of special customer incentives. Many times the dealerships will direct you to the bank they deal with regaularly that will charge higher rates that result in a legal kick back (its called dealer participation) to the seller. If you're a member of a credit union, thats the best place to start. If not, call a few banks in your area. Rates can vary a lot from place to place so as always, its better to shop around.
Normally a larger down payment will result in a lower rate as will a shorter loan term.

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from amcclure wrote 2 years 4 weeks ago

That all depends on financing. How much you have to put down... how much you want to borrow. There are some outfits that will allow you to drive a boat off the lot with $0 down if you qualify. The best thing to do before you pull the trigger is determine how much you can put down, the amount you will borrow, the interest rate and terms of contract, etc. Use a boat loan or generic bank loan calculator to play with how much you put down vs. how much you will be paying a month for X amount of months. Then all you need to do is bargain with the guy selling the boat and try to get it for less.

Boat Loan Calculator

http://www.eboatloans.com/calculate.php

+2 Good Comment? | | Report
from Kenton wrote 2 years 4 weeks ago

You're usually better off finding your own financing unless the dealership has some kind of special customer incentives. Many times the dealerships will direct you to the bank they deal with regaularly that will charge higher rates that result in a legal kick back (its called dealer participation) to the seller. If you're a member of a credit union, thats the best place to start. If not, call a few banks in your area. Rates can vary a lot from place to place so as always, its better to shop around.
Normally a larger down payment will result in a lower rate as will a shorter loan term.

+1 Good Comment? | | Report
from turkeymaster wrote 2 years 4 weeks ago

thanks man i appreciate it

0 Good Comment? | | Report
from jamesti wrote 2 years 4 weeks ago

how's your credit? makes a difference as well as how much you can put down.

0 Good Comment? | | Report

Post an Answer

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