loan rates

[leje0306]

On 1/23/2016 at 4:44 PM, DarkSide said:

I agree having no boat loan is best. However look at this from a different perspective. If John and Jane Doe have 3 kids, they set aside $500 a month every month for a once a year trip to Disneyland. No one sees a problem with that, but if John and Jane get a $500 boat payment to spend 10x as much time with thier kids then 1 week at Disneyland it is poor financial planning? I whole heartedly disagree. Spend as much quality time with your kids as you can, if that means a boat payment THAT YOU CAN AFFORD. Then do it. I am not advocating putting yourself into a payment to where you can't afford gas, but financing is not evil.

Same thing with autos. According to the wisdom here I should write a check for $60k instead of 0.9% financing? No way does that make sense.

Overall, pretty good argument. However, that 0.9% loan comes as the cost of a higher cash price for the car. 

[racer808]

On 9/26/2017 at 10:04 PM, bamaboy said:

There's certainly a measurement contest going on here.  Unfortunately for all of us, you're the only one that's playing.

Not true.  I've been pumping like crazy for the final tally.  

[robbennett]

The purpose of this thread was to help those of us that need loans. Not argue over weather financing is a good or bad idea. 

For some of us younger guys it has not been made easy for us to move up into positions where we can afford to pay cash. Older guys not retiring or whatever it may be I don't want to have to wait until I'm old and feeble to buy a wake boat. 

And don't forget you are never promised tomorrow so you have to enjoy life now. 

It's not a crime to borrow money! Everyone has to decide on their own weather they are ok with the additional cost associated with borrowing the money! 

[robbennett]

Back to topic anyone know of anywhere with rates still under 5% other than local credit unions? I'm going to be shopping within the week.

[racer808]

7 minutes ago, robbennett said:

Back to topic anyone know of anywhere with rates still under 5% other than local credit unions? I'm going to be shopping within the week.

5% is the best I've been able to find but I've stopped looking so no idea if it's changed.

[oldjeep]

40 minutes ago, robbennett said:

Back to topic anyone know of anywhere with rates still under 5% other than local credit unions? I'm going to be shopping within the week.

3-5% depending on term

https://www.wingsfinancial.com/loanrates

Us bank looks like they are between 4.2 and 4.7 depending on term