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