quick finance question

Bank of the West has the best rates generally speaking but they only do indirect loans, which means you need to be a dealer set up with them to get money.

For John Q average consumer, Bank of the West owns Essex Credit where you can get a loan at comparable dealer retail rates.

To get a good rate at any of the top tier banks, you will need a credit score at or above 740, debt to income ratio under 35% and your unsecured revolving balances (credit cards) totaling less that 25% of your annual income. You can find a loan if you don't have all that but it will cost you more in rate. If you have a history of slow pay, you'll find the credit market to be very unforgiving at the moment.

But if you meet the criteria, you're going to find 20 year money on a recent model used boat around 100K to be on either side of 8% this week.

I've had three 25 basis point bumps up in rate over the last 4 weeks from all of my sources.

The fed has stopped dropping rates, the next move from the fed is up.

If you're going to buy, you better do it now! Money is getting tight and expensive.

One more tip. Don't embellish your income on the credit application. You could be very embarrassed when they ask you for your most recent tax return!