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Thread: Finance rates.

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  1. #1
    Join Date
    Apr 2012
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    Lexington, SC
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    Default Finance rates.

    Looking at buying a new Supra and going to finance with the goal of paying off in 5-6 years. I don't like to have debt on toys. I may be able to pay off sooner, but 5-6 years is my goal for now. Anyway, what rates are you seeing? I can do 10-20% down, more if needed. I saw 4.99 on the FB page, but that same lender was 3.99 in January. Anybody have a good lead on financing. Also, I am in SC. Thanks

  2. #2
    Join Date
    Jan 2021
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    South Florida
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    Rates are going up. When i bought mine a local credit union was the best available. It was a 12 year vs the 20 year but im like you and want it paid off in under 4 years so the length of the loan didn't matter to me. I would just check websites of local credit unions and see what the dealership is offering to compare.

  3. #3
    Join Date
    May 2018
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    4,444

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    Boat loan rates just jumped 0.5% locally, I would expect another 0.5% soon.

    Grab it sooner rather than later.


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    2021 Supra SA 400
    2018 Supra SA 400 (SOLD)
    Michigan

  4. #4
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    Jun 2020
    Location
    Reno, NV
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    We got a 20 yr through Truist @ 4.29% with 50k down on our SA. We have no early payoff penalty. We intend to pay down the loan with $200 extra each payment to remain in positive equity until we sell in 7-10 yrs.


    Making my new SA build come true!!!
    2020 SA 450 Wife calls it White Cloud. Said it makes her feel "Classy"
    2017 Sanger V215sx. We call it Viagra because it's the little blue pill that gets everyone up (Sold)

  5. #5
    Join Date
    Apr 2012
    Location
    Lexington, SC
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    I called the lender I was referring to on FB, he said he canít give me the loan until I have the signed sales documents. Unfortunately, I put my deposit down in October then a week later the dealership said they donít have any build slots until 2023. If I do 10-20% down for 20 years that is about 15000-18000 dollar increase. Iím going to discuss this with the dealer since I was told I had a boat and committed a deposit only to find out they didnít actually have a slot. Hopefully I can negotiate some of that into a lower sales price or some covered maintenance costs. Sadly I may not be getting a Supra after all. Darn crazy markets these days.

  6. #6
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    Mar 2021
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    South Georgia
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    That's just a mess

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    2021 Moomba Makai
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  7. #7
    Join Date
    Apr 2012
    Location
    Lexington, SC
    Posts
    405

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    HFarr, Haha, thanks for the insight. That is how it feels to me as well. The dealer has actually been good to work with so far. I guess if everything works out, I'll have a new boat ordered. And, if it doesn't than I will have to start looking again. There are worse problems to have. Just trying to keep a positive attitude and hope it all works out.

  8. #8
    Join Date
    Mar 2021
    Posts
    25

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    Quote Originally Posted by mgswake View Post
    Looking at buying a new Supra and going to finance with the goal of paying off in 5-6 years. I don't like to have debt on toys. I may be able to pay off sooner, but 5-6 years is my goal for now. Anyway, what rates are you seeing? I can do 10-20% down, more if needed. I saw 4.99 on the FB page, but that same lender was 3.99 in January. Anybody have a good lead on financing. Also, I am in SC. Thanks
    Southeast Financial was the best when I was in the market, but my old school dealer who does everything on paper (doesn't even take cards for service) was just too much of a pain in the ass to work with to close through Southeast. I financed through my dealer and it was slightly higher.

    Looks like they're still really competitive at 4.09%

    https://www.sefinancial.com/boats/
    '21 Moomba Max

  9. #9
    Join Date
    Apr 2012
    Location
    Lexington, SC
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    405

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    @shaggymatt - thanks, I actually found them on google and wanted to reach out to them.

    Has anyone used Affinity? They have 3.24 for 5yr, 3.74 for 7yr, and 3.99 for 10yr. Thought I might reach out to them as well.

  10. #10
    Join Date
    Mar 2003
    Location
    Springfield Missouri
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    3,345

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    Here are the rates at GESA in Washington state for new boats.
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