looking

[Eric Carbaugh (pktheonly@aol.com)]

I've been wanting to buy a Live aboard sailboat for sometime now, but unfortunately my credit isn't all that good due to some unfortunate circumstances. My question is there any Financial institution or organization out there that might be able to help. I'm not looking for an extremely expensive one in fact just looking at paying no more than 20,000 - 45,000 $$$, and maybe even less if possible. I only need about a 34 - 40 footer no more only myself and a small dog (6 lbs.) If anyone knows of any please please please let me know, thank you.Respectfully submitted,Eric D. Carbaugh

 

[RET]

long amortization

This may be common knowledge, but some financial institutions allow sailboat amortization of up to 8 years. this really cuts down on monthly mayments and makes more credit an option.

 

[Gene]

bank

I have a 15 year mortgage with Key Bank in Cleveland but I think Key is all over the country. I put about 20% down on a used Hunter 34 and financed the rest. See if they have a web site. Check our the sailing magazines..there are usually loan institution ads.

 

[Torrence Jenkins]

Same Boat as you.

Sorry for the pun Eric, but I was in the same boat. Heres a link that will help you http://www.chesapeakefinancial.com/application.html. These people don't care about bad credit as long as you can make your payments. I have not used them, ....yet. But I will when I am ready to upgrade. Right now I live in Alabama, and sail on Lakes so it makes no sense to get a bigger boat right now. When I get to the coast I will.Cheers and good luckTJ "H26.5 Flash"

 

[TOM.M.]

NEEDS AND WANTS

Eric, what you need, is a liveaboard boat, what you want is to get the most boat for the money that will not drain you, One of the best designed Hunters is a 1980-82 33footer cheribini design, mind you it's not wide like ahouse boat but it's a very good sailer, and ythe price range is from 18K to 24K for one or two people and a pet it's perfect, and you can sail the damn thing by yourself, and at 33 feet, you'll pay less for a slip, and less for maintainance, I've been living on a 27footer, for the past 7 years, with a cat "dirty white girl" and when ever i tire of the neighborhood, i let go my lines and north or south, now if you are not a big (tall or heavy) I would suggest a 27 footer, these you can pick up an 1980-83 for around 10k to 14k, and the diference in interior isn't that much, a 30 ft hunter same vintage will cost you the same as a 33' bona fortuna.