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Boat Loans: How The Big Boys Pay For Their Toys

By Steve C Clark


Boating is fun pastime that is enjoyed by people of all ages, backgrounds and physical makeup. Some people have spent their entire lives with boating as their only hobby. Although once considered the sport of the very wealthy, the advent of fiberglass boats, in the late 1950s, opened it up to people of more modest means. Although, considered as a luxury and beyond the financial reach of a large section of our population, we still dream of owning a boat. Now once you have decided to enjoy the luxuries of boat, the next question that pops up in mind is,�How is boat going to be financed??? �

If you want to have your own small pleasure boat or even a larger commercial one there are many loan companies that provide specialist boat loans to help make your dream a reality. There are a number of types of boat loans but the majority will use the boat as collateral, similar to a home loan or mortgage. You can find boat loans for used or new vessels and the terms and interest rates will vary depending on your circumstances and the value of the boat.

Now that you have decided to get your boat financed , the next step before getting it financed is to consider these points:

1. Decide which boat you wish to buy and find out its price, and determine how much you want to borrow?

2. How much interest and monthly payment you can afford?

3. whether you have collateral to back up your loan?

4. Do take into consideration the various fees associated with the boat loan that sometime results in a low cost seeming loan turning out to be costly.

Once you the answer to these entire questions, next step is to find out a suitable lender who can offer loans to suit your requirement.

Boat loans can be of two types � Secured and Unsecured.

Secured boat loans: Just like any other secured loan, secured boat loan require collateral as security. The collateral can be the borrower�s home, assets or the boat itself. As the loan is backed up by security it generally carries low rate of interest, reason being lesser risk borne by the lender and also easily available to people with bad credit rating and poor credit history.

Unsecured boat loan: As the name suggests, the boat loan is available without collateral, seems perfect for borrowers who doesn�t have any collateral to be offered as security or fear the risk of repossession. Unsecured boat loan, though it comes with a relatively higher rate of interest is also available to tenants.

About the author

Steve Clark can tell you how to look better, live better and breathe better by giving you tips to improve your finances.He writes on loans. His ideas can help you rejuvenate your money.To find Personal loan UK,homeowner personal loan visit http://www.ezpersonalloans.co.uk.
Article Source: http://EzineArticles.com/?expert=Steve_C_Clark

Hints On jetski

The common sailboat comprises eight essential parts: hull, tiller, rudder, mainsail, mast, boom, jib and keel. The hull is the shell of the boat, which contains all the internal components. Its symmetrical shape balances the sailboat and reduces drag, or the backward pull caused by friction, as it moves in the water. Inside of the hull in the stern, or back of the boat, is the tiller, which is attached to the rudder in the water. Think of the tiller as the boat's steering wheel and the rudder as the tire. To maneuver a sailboat to the right, for example, you pull the tiller to the right side of the boat, causing the rudder to alter its direction.
Buy a yamaha jet boat

Yamaha boats are much lighter than comparable stern drives. In some cases the weight difference can near 2,000 pounds, giving Yamaha boats an overwhelming power to weight advantage. Less drag in the water allows the engines to operate more effectively. Less weight also makes them easier and more efficient to tow behind a wider variety of vehicles.
Find a jet boat for sale at our store.

Some Boating, Sailing And Marine Stories

Another free sailing ebook available for download.

Tue, 4 Oct 2005 20:42:13 +0200
Link] Another FREE ebook has been added to the list of sailing, cruising and general boating ebooks at "Cruising Connections". The "Cruisers' Dictionary" by JeanneP is an extremely useful publication of "tips & hints" for EVERY ocean cruiser as well as all those intending to go off cruising.

Click link for full details.

Triton plans to add to workforce

Wed, 26 Nov 2008 12:42:22 GMT

Triton Boats will be adding to its workforce after its parent company announced last week it was closing a plant in Maryland and moving production to Ashland City.

Yacht Sean Seamour II Sinks In Mid Atlantic - Dream adventure on high seas turns into sailor's sailing nightmare.

Tue, 29 May 2007 21:40:17 +0200
This is the log of actions and events driven by the only-subsequently named Sub-tropical Storm Andrea, leading to the sinking of s/v Sean Seamour II and the successful rescue of its entire crew on the early morning of May 7th 2007. We departed from Green Cove Springs on the Saint Johns River in the early morning of May 2nd, 2007. Gibraltar was our prime destination with a planned stopover in the Azores for recommissioning and eventually fuel. The vessel, on its second crossing was fully prepared and some of the recent preparations done by Holland Marine and skipper with crew were as follows:....

Full report ....

Sailing from South Africa to Seychelles

Fri, 14 Sep 2007 12:13:14 +0200
Can anyone out there give me some advice on sailing a motorised cat from Durban to Seychelles? We are almost but not quite complete landlubbers and we will need advice on training, licensing and anything else of importance.

Full discussion ....

La p�tole ou le cauchemar du r�gatier



used jet boat | outboard jet boat | water jet boat

posted by Banana boat @ 6:14 PM