Welcome to Boating Guide
Newport Boat Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Basic Information Regarding a Boat Loan
from:If you are considering buying a boat, then you need to know a little about receiving a boat loan. This basic information regarding a boat loan will help understand what to look for in a loan so you can make a wiser decision. There are a lot of lenders available that will be happy to provide you with a boat loan. However, this does not mean that you should accept the first offer that you receive. Lenders are very different and you need to find the one that suits your needs the best.
Listed below are several sources that are available for getting a boat loan.
• Bank
• Credit unions
• Dealers
• Financial services
• Boat brokers
If you already have a lender that you have done business with in the past then you should check with them first to see if they provide boat loans. If they do, learn what their terms and conditions are. After finding out what they have available, you should then compare different companies to see what each one has to offer you. You will be comparing things like the terms of the agreement that you will be accepting and the interest rates you will be receiving on this loan.
Types of boat loans
Just as there are several different sources for receiving a loan there are also different types of loans. These types include the following.
• Fixed-rate loan
• Simple interest loan
• Variable rate loan
• Balloon payment loan
Each one of these types provides you with different terms and rates. You will need to learn about these types to find out what will be best for you and your current situation.
Once you have chosen your lender and the type of boat loan you need there are a few basic steps that you will need to be prepared to deal with. First, be ready to provide both personal information and information concerning the boat you are trying to buy. Personal information will include things such as name, address, contact number, income and monthly bills. This is to determine whether or not you will be able to pay back the loan. Boat information includes things such as a description of the boat, the cost, registration and title.
The amount of down payment that you plan on having will make a difference in the loan offers that you receive. The higher the down payment the better your choices will be. The length of the loan is a very important aspect. The longer it runs the lower your payments will be but the more interest you will pay, so consider this carefully. It is a good idea to include any gear that you may need for the boat in on the loan, so you will be completely ready to start enjoying your boat as soon as the boat loan has been finalized.
Newport Boat News
NEWPORT BEACH CHRISTMAS BOAT PARADE RETURNS FOR 102ND RUN IN 2010
NEWPORT BEACH, CA - The 102nd Annual Newport Beach Christmas Boat Parade, the oldest holiday boat parade in the United States, has announced its theme as it prepares for its latest installment in 2010. Lights, CameraChristmas in Newport Beach has been chosen as a unifying theme which will provide parade entries and design teams inspiration in celebration of the citys long-time Hollywood...
Read more...Pa. company accused of submarine parts fraud
NEWPORT NEWS (AP) -- A Pennsylvania company that supplied metal components for the Navy's Virginia-class submarines faces federal charges of defrauding the federal government of more than $1 million. An information filed Tuesday in federal court in Philadelphia charges Fairless Hills, Pa.-based Bristol Alloys and its president and part owner, James R. Bullick, with major fraud against the U.S ...
Read more...42nd Annual Long Beach Yacht and Boat Show Set For September 9-12
LONG BEACH, Calif.----The Long Beach Yacht and Boat Show tradition continues forty-two consecutive years of boat shows produced in Long Beach by the Southern California Marine Association and presented by the Automobile Club of Southern California.
Read more...Pa. company accused of submarine parts fraud
Associated Press - September 9, 2010 9:05 AM ET NEWPORT NEWS, Va. (AP) - A Pennsylvania company that supplied metal components for the Navy's Virginia-class submarines faces federal charges of...
Read more...Pa. Company Accused of Submarine Parts Fraud
A Pennsylvania company that supplied metal and other components for the Navy's Virginia-class submarines faces charges of defrauding the federal government of more than $1 million.
Read more...Company charged with selling faulty Navy sub parts
A Pennsylvania subcontractor has been charged with defrauding the government by supplying critical metal components for submarines that did not meet Navy specifications. The metal was intended for use in Virginia-class subs, which are built by Northrop Grumman's Newport News shipyard in partnership with Electric Boat of Groton, Conn.
Read more...Catalina Flyer island ferry undergoing upgrades
NEWPORT BEACH, Calif. (AP) — The 500-passenger Catalina Flyer catamaran is being outfitted with new engines and won't resume daily trips from Newport Beach to Santa Catalina Island until February. Tour boat company general manager Bob Black says service to Avalon could be suspended as early as Sunday if he's unable to find a catamaran to lease. The Catalina Flyer shuttles passengers to the ...
Read more...








