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#1
10-12-2007, 08:40 AM
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Re: Boat loans on classics????
Another way to look at the boat loan is this.
What is the motor worth and what is the trailer worth. Those 2 things should be a substantial part of the price. This are known quantities and loan value on them should be easy to obtain. Just a thought.
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[SIGPIC][/SIGPIC] "If You Done It...It Ain't Braggin" my rebuild thread: http://www.classicseacraft.com/commu...ad.php?t=18594 
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#2
11-28-2007, 12:06 AM
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Re: Boat loans on classics????
as for insurance get "agreed Value coverage" where they do not depreciate it. It is worth what you say it is worth, you pay the premiums based on the stated value.
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I heard it on the coconut telegraph..........
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#3
11-28-2007, 01:33 AM
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Re: Boat loans on classics????
Credit lines and 2nd's have gotten much more expensive after the mortgage crunch unfortunately. But 1st's are very cheap for 30 yr fixed.
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Any way you measure it - dumbass is expensive
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