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Old 11 May 2006, 13:41   #1
Country: USA
Town: earth
Boat name: which one
Make: several
Length: 7m +
Engine: outboards
Join Date: May 2005
Posts: 14
No Banks in the USA will loan on RIBS

As far as i can tell.. You cant get a bank as far as the eye can see to lend money on ribs, unless you buy a zodiac or an avon. Unfortunately i am not buying one of those.

Any Ideas ?

magnet711 is offline   Reply With Quote
Old 11 May 2006, 13:49   #2
Country: UK - England
Length: 7m +
Join Date: Jan 2004
Posts: 5,294
Stick an Avon badge on the one you are going to buy

Tim M is offline   Reply With Quote
Old 11 May 2006, 18:15   #3
Country: USA
Town: Oakland CA
Length: 3m +
Join Date: Feb 2005
Posts: 6,653
Kind of a skimpy post if you're not saying who you've been through.

Try BoatUS, lenders referred from, and other marine lenders rather than your local bank.

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Old 12 May 2006, 02:30   #4
Country: UK - England
Town: S.Devon
Length: 5m +
Join Date: Nov 2004
Posts: 40
Or just tell them it is for a Home Extension!
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Old 12 May 2006, 06:21   #5
Country: UK - England
Boat name: Banshee
Make: Tornado
Length: 6m +
Engine: Yamaha 150
Join Date: Mar 2006
Posts: 67

Mine was for a new kitchen!
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Old 30 October 2006, 07:35   #6
Country: USA
Town: boston
Boat name: Miss bad 61
Make: Crapko, AKA Mako
Length: 5m +
Engine: OMC Mod50
Join Date: Apr 2006
Posts: 398
thare was at one time a rash of crap, loans on hulls that never exised, Manufactures Don't Keep thare promesses, some Just Outright LIE,
Quality is Poor, the Loan out lasts the boat.
shipping is a joke, if your not gettin ripped off, your stuff is gettin wrecked.
importin from the UK is no deal, just pay twice what it would ever be worth on it's best day.
this i'm thinkin has a bunchto do with it
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Old 30 October 2006, 11:12   #7
Country: Other
Town: Christiansted.V.I.
Boat name: Froggy
Make: Avon SeaRider
Length: 4m +
Engine: Johnson 50
Join Date: Oct 2006
Posts: 312
Boat Loans

I'm no expert that's for sure but when talking to a lender some time ago he said they loved boat loans. A guy would keep up payments on his boat even if he couldn't make child support payments.

Hey, beer, boat, fishing pole vs housing, children, medical bills, one has to have his priorities in the correct order


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Old 03 November 2006, 15:52   #8
Country: Canada
Town: Tobermory, Canada eh
Boat name: Verius
Make: Zodiac Hurricane 590
Length: 5m +
Engine: Yamaha F150
Join Date: Oct 2006
Posts: 1,346
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Originally Posted by Bluestreak View Post
Or just tell them it is for a Home Extension!
This reminds me trying to borrow money from a bank for my first underwater camera when I was 17 (My Dad wouldn't even lend the money!) By the third bank, my camera had morphed into universtity text books!
Pump it up and RIDE!
Stoo is offline   Reply With Quote
Old 05 November 2006, 09:13   #9
John Kennett's Avatar
Country: UK - England
Town: Brighton
Length: 3m +
Join Date: May 2000
Posts: 6,858
When I was a student I wanted a bank loan to buy a skydiving rig. The bank manager asked me whether I considered it an essential purchase, so I pointed out that I would almost certainly die if I jumped without it!

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Old 25 November 2006, 17:07   #10
Country: USA
Town: Cleveland
Make: Nautica Widebody 22
Length: 6m +
Engine: Yamaha 225 4 stroke
Join Date: Oct 2004
Posts: 87
Send a message via Yahoo to enwulff
Key Bank offers loans

I got my loan through Key Bank. Key Bank does all the loans for Zodiac. You just have to tell them that the RIB you are buying is the same as a Zodiac and they eventually figure it out. If the customer service rep gives you a hard time, ask to speak with the underwriter.

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