Boat Loan - Best Rates?

[sccredit]

We are debating buying a boat because, well, its a boat and it is summer in California lol. Yes, I know the acronyms. Would not be our first boat. Looking about $30k for a used, low hour Yamaha jet boat. We looked at Lightstream, didn't like their rates for that price range. Found First Tech Federal CU at 4.5%.

Does anyone know of a CU that is open for membership with better rates?

We could pay cash and if the rates are going to be north of 5%/6% we probably will. Just don't want to take away from the 22% return I currently have in my brokerage account. Was just trying to see if there was a cheaper loan option.

[Harvey26]

---

@sccredit wrote:

We are debating buying a boat because, well, its a boat and it is summer in California lol. Yes, I know the acronyms. Would not be our first boat. Looking about $30k for a used, low hour Yamaha jet boat. We looked at Lightstream, didn't like their rates for that price range. Found First Tech Federal CU at 4.5%.

Does anyone know of a CU that is open for membership with better rates?

We could pay cash and if the rates are going to be north of 5%/6% we probably will. Just don't want to take away from the 22% return I currently have in my brokerage account. Was just trying to see if there was a cheaper loan option.

---

Have you checked with the dealer they may can tell you what the best rates are. If you are going to pay cash maybe you could use your ccs and maybe use those as a down payment and get some hefty rewards and im sure those large purchases and quick pay down would lead to a couple clis

[sccredit]

---

@Harvey26 wrote:

---

@sccredit wrote:

We are debating buying a boat because, well, its a boat and it is summer in California lol. Yes, I know the acronyms. Would not be our first boat. Looking about $30k for a used, low hour Yamaha jet boat. We looked at Lightstream, didn't like their rates for that price range. Found First Tech Federal CU at 4.5%.

Does anyone know of a CU that is open for membership with better rates?

We could pay cash and if the rates are going to be north of 5%/6% we probably will. Just don't want to take away from the 22% return I currently have in my brokerage account. Was just trying to see if there was a cheaper loan option.

---

Have you checked with the dealer they may can tell you what the best rates are. If you are going to pay cash maybe you could use your ccs and maybe use those as a down payment and get some hefty rewards and im sure those large purchases and quick pay down would lead to a couple clis

---

I havent. They have some great rates on new ones but we are looking private party. Dealers seem to be $5k-$8k more for the same models on used ones.

[sccredit]

Update....found the exact boat we wanted. Going to move some money around from brokerage and savings. Will take a few days but we are just going to pay cash for it.