My bank says they only use NADA guides to finance boats. Since the Viper is not on those guides they cannot finance. I see that Rondar uses essex boat financing, does anyone know if they will do used boats as well?
Not sure. Maybe try a different bank? Anyone else had trouble with financing?
There should be no reason your bank wouldn't finance a used boat already in the states or Canada. There is a pretty decent record of boat new and used boat sales with a pretty decent resale value as well.
We've helped with valuations on used boats for financing. Email me details at dan at rondarboats.com
Hello ya'll....
I was checking in to see if there was any updated information about banks financing vipers? I too have come across lenders only using Nada, which still does not show vipers. Anyone have anything further on this? Thanks!
Are you looking in Canada or the US?
I am in the US.... Thanks for any help you can throw at me
Mike - drop Dan Tucker at Rondar a line - historically he is very familiar with these issues. Let us know if you need his contact info.
Thanks Peter... I will look him up at Rondar.
HI , Mike. I recently helped two individuals with financing, one was at his bank and the other was at his credit union. It was a relatively simple process of valuations. Craig
Thanks Craig... I think my CU will use comps for value, and maybe information from Rondar as well. I will let you know if I run across any hurdles. Thanks for the help...