HOW DOES BOAT FINANCING WORK? is it similar to an auto loan?
SO BUYING A RUNABOUT BOAT FOR AROUND 25,000, IS LIKE BUYING A CAR FOR 25,000 THE INTEREST SHOULD JUST BE LETS SAY 8% IS THAT A ANNUAL THING THAT HCGES WITH WHAT I OWE OR IS IT JUST A FLAT 8% OF THE AMOUT I FINANCED??? HOPEFULLY I EXPLAINED MY QUESTION ALITTLE BIT BETTER, THANKS
Depends on the boat. For large expensive boats it is similar to a mortgage. Where if you are looking at a ski boat it is like a car loan.
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