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Re: lv-ab: Boat financing in Canada?

From: Jaye Eldridge (no email)
Date: Wed May 03 2006 - 21:55:55 EDT

  • Next message: Rosalie B.: "Re: lv-ab: Boat financing in Canada?"

    Whoops -- I wasn't paying attention to the subject
    line and didn't realize this was about Canada.

    --- Stefan Mochnacki <>
    wrote:

    > On Wed, May 03, 2006 at 06:45:12PM -0400, Kristofer
    > Coward wrote:
    > >
    > > I'd check at a credit union if I were you. They
    > tend to be pretty good
    > > at finding the appropriate loopholes in any
    > policies and regulations,
    > > to get you what you actually want.
    > >
    >
    > However, I doubt many credit unions would lend money
    > for a boat, unless you
    > have other assets (e.g. real estate). Certainly, my
    > credit union won't even
    > consider a boat as collateral for any kind of loan.
    > Credit unions have
    > rather stricter rules than banks, in my experience.
    >
    > There are banks which will lend money on boats less
    > than 10 years of age.
    > Otherwise, you are looking at a personal loan (max.
    > 5 years at my credit
    > union), "appropriately" secured.
    >
    > Stefan
    >
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  • Next message: Rosalie B.: "Re: lv-ab: Boat financing in Canada?"



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