This website uses cookies to ensure you have the best experience. Learn more

Boat Financing Essay

732 words - 3 pages

Finding a reputable bank that is willing to provide boat finance can be a very frustrating experience. You have to add more effort and do a lot of research on the available loans, go through the fine print to find the lowest interest rate loans. First of all you need to search widely for a boat that offers the best deal, whether new or used, depending on your taste and preferences. You then have to determine the total cost of the boat, leaving room for fluctuations so as to know the principal loan amount needed. You can strive to get a pre-lending letter which can jump start your boat acquisition process since boat dealers will rate how serious you are with it. It also adds some adrenaline ...view middle of the document...

Boat finance loans with lower monthly repayment amounts end up taking longer periods to pay while those with higher monthly repayments are excruciating. Getting a lender that will carefully balance the amount of monthly repayments with the total time to completely pay off the loan is of paramount importance. There are lots of on-line calculators that will help you determine this. It is advisable to use these calculators in case of any doubts as they will help you make an informed choice. It is also important to find a lender that will finance extra equipment and insurance. Since banks and credit unions rarely offer all inclusive boat finance, marine lenders remain as the best option.

When you are no longer skeptical of the process, you can now apply for the loan. The lender will require proof of your credit worthiness which is a guarantee that you can actually afford the loan. If you are employed, you will be required to submit tax returns for two years together with the schedules. For the self-employed, you should be ready to avail your business...

Find Another Essay On Boat Financing

Dan Rather's The American Dream Essay

532 words - 2 pages millionaire?.Dan Rather illustrates how Trung?s family had lived in relative steadiness during wartime Vietnam. His family was able to get by with a combination of hard work and resourcefulness, but Trung wanted to pursue in higher education. ?By ?78, the height of the boat people escaping Vietnam, we realized that I can never get into school, into university, because of my background,? Trung recalls. The arrangement for Trung?s escape would mean

International financial markets Essay

1410 words - 6 pages securities that it owns or 4/ raise short-term funds in the money market.8. What is meant by: a) individual banking, b) institutional banking, c) global banking?Individual banking: comprises consumers lending, residential mortgage lending, consumer installment loans, credit card financing, automobile and boat financing, brokerage services, student loans, and individual oriented financial investment services such as personal trust and investment

Interview with an Entrepreneur

693 words - 3 pages think of. By sticking with a business plan she goes on to say that she was able to keep track of expenses and that she also realized that one of the most important things she could do was to keep track of expenses, receipts, logs, etc record everything lost, sold or otherwise because it would save you’re a boat-load of trouble in the future. She said that it took several weeks to a month to come up with a clear concise detailed business plan and

Haiti: A Troubled People

1377 words - 6 pages read. Although voodoo is practiced by most people, strangely 80 percent is catholic and 10 percent is protestant. Before Haiti was called Haiti, it was called Quisqueya by its original inhabitants the Arawaks, the Tainos, and Caraibes. These Indians were taken advantage of by Christopher Columbus, He took their Gold, and renamed the island Hispanola, because Spain was financing his explorations. The Indian population was reduced from 300,000 to

Varying Interpretations of Heart of Darkness and Apocalypse Now

2657 words - 11 pages , natives, cannibals, a sunken ship, and natural disasters. All along the way, Marlow hears of Kurtz, the corrupted chief of the Inner Station, played by John Malkovich, and becomes obsessed with finding him. As he nears the station, natives attack the boat and kill Mfumu. Marlow meets a Harlequin who tells him personal stories about Kurtz and his methods of becoming both admired and feared by the native tribe. When he finally meets Kurtz, he appears

My Generation

5341 words - 21 pages known survivor of the Tonal Sap Massacre. The journey on moto dup from Siem Reap town was quite pleasant after I asked the driver to slow down a little. He was in a hurry to drop me off so that he can find more new clients. I needed to get to the lake to catch a speedboat, but I was not in that of a hurry. Besides, I wanted to get there in one piece. The boat will not leave until after 7 O'clock, but not without its prepaid (at $15 each way

Is America Really A Classless Society?

1350 words - 5 pages three vessels which manages to rise. These analysts are in fact people who possess valuable symbolic and analytical insights about all sorts of fields like technology, politics and economy. Reich states that ?never before in history has opulence on such a scale been gained by people who have earned it, and done so legally?(299), emphasizing on the image that the boat led by the affluent Americans is sailing in one direction, while the two ships

Protecting the CPA Profession

2086 words - 8 pages Compliance o Customer Relationship Management (CRM) o Event/Project Management o Ability to offer additional member services After some discussion, John Pridnia reviewed the recommendations made by the Finance Committee to include the following: • To move forward with the purchase of Aptify • Compelling Key Success Factors include: o Cost Savings o Productivity Gains o Member Service Improvements o CPE • Financing o Quotes has been obtained

The State of Michigan

2290 words - 9 pages Michigan is the only state in the union composed to two separated peninsulas. At the closest point, the upper and lower peninsulas are a mere five miles apart. In the early twentieth century, the only way to make the trip across the five miles of Lake Michigan and Lake Huron was to take a boat ride from one side to the other. As businesses expanded and industry grew, the demand to cross the lakes for travel and commerce purposes grew. The

Homeowner Bailout Should Focus On Homeowners

2345 words - 9 pages facilitate more homeowners with foreclosures. FDIC proposed its own plan on Friday, November 14, 2008. They plan to use $24 billion in government financing to help 1.5 million American homeowners to avoid foreclosure. But the question then becomes, who will be paying for this financing? FDIC says to use part of the $700 billion bailout to pay for it, but the Treasury is against this idea. Neel Kashkari, the Treasury Department's assistant

The case of Polaroid in 1996

2796 words - 11 pages standalone functionality enabling it to deliver the end product on the spot makes it the perfect choice for instant or quick photography . However, expanding into new geographical territories and establishing a presence there, may involve additional financing, especially in markets where the Polaroid brand name and product awareness is at a minimum, if at all, rendering advertising and promotion with the associated costs, an urgent issue for

Similar Essays

Case Analysis: Elan And The Competition

1213 words - 5 pages -to year.2. The marketing plan is very unique for Elan. They offer special boat rides, and free lessons for potential buyers. Their expenses increase over the first two years, but this is common with increased sales.3. Most of the financing is done through personal funding. Because the company was bought under bankruptcy circumstances, Ben Farvet was able to pay a good price for the company.II. Company's StrengthsA. Ability to function in a more

Élan And The Competition Ski Boat Industry. How To Improve Efficiency

1854 words - 7 pages Élan, formerly known as American Skier, was a small ailing company in an unattractive ski boat industry before two enthusiastic friends, Ben Favret, and Jay Blossman bought it. Since the 1990’s, Élan had become unfocused, poorly managed and undercapitalized before it filed for bankruptcy in 2001. Favret and Blossman hope to shed the bad reputation of American Skier in exchange for the vigor and enthusiasm of a young upstart

Business Research, Bankruptcy, Outboard Marine Corporation

835 words - 3 pages , was to pinpoint the disappointing operating performance of OMC and its unsuccessful efforts to secure additional financing to get the company beyond its financial burden. Just as OMC had become a household word among the ranks of fishermen and recreational boaters, the company seemed to be quickly sinking without a lifeline. Just several years prior to bankruptcy, OMC had acquired several large boat manufacturing companies, 12 in total, which

Market Penetration Project Plan For Domestic Marine Market

2305 words - 9 pages CMSACaterpillar Inc. is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company prides itself on its innovative technology and diversification in products and services such as construction, mining, transportation, forestry, energy, logistics, electronics, financing and electric power generation. It is a U.S. based competitor with more than $30 billion in