First, what do you want to spend on your jon boat?
How We Help With Jon Boat Financing
We are happy to help you get an offer for boat financing. The fist thing that you should know though is that we are not a lender. Instead, we give you access to a group of lenders and one of them may be able to extend you an offer, even with a bad credit score.
Getting Your Offer
So, how do you go about getting an offer? Luckily, it is all very simple. Here is how everything is going to work.
The first thing that you need to do is fill out the loan quote form which is located at the top of the page. The form walks you through it step by step and it will only take a few minutes to enter in the required information.
Once you finish entering your information, you will click on the submit button and the form is sent securely to the lender group. If approved, you will receive a single offer from one of the lenders.
Upon receiving this offer, you will be sent to the website of the lender where you will be given all of the details of the loan. Take this opportunity to review all of the information and consider the total cost of the loan. Something like a Jon Boat is a luxury item and you can probably do without it. If the cost of the loan is too high, you should probably not accept it.
If you do decide that you like your Jon Boat loan offer, you can accept the loan and, in most cases, you can complete all of the details online. After completing your part, the lender will work to get you your money just as soon as possible.
Buying Your Jon Boat
OK, great you got an approval but now how do you buy your boat?
The great thing about getting an offer from a lender in our lender group is that you will get your money in cash instead of store credit. They will deposit the money directly into your account. This can happen as soon as the very next business day.
Getting cash in hand will allow you to go buy your Jon Boat as a cash buyer. This allows you to shop for the best deal at any store that you like. It can also allow you to purchase your boat used which can save you hundreds of dollars.
Getting Your Boat Loan Approved
Since we are not lenders, we do not decide whether you get approved for a loan or not. In addition, we can not tell you what kind of offer that you might get. We merely give you access to a group of lenders. Having said that, there are some things that you can do to improve your odds of approval and improve the quality of the offer that you receive.
In general, lenders are looking for one thing. They want to know that they will receive their money back. They judge this by looking at a number of different factors.
One of the factors that they look at is your credit profile. Some will use the major bureaus to run your credit and some, those that specialize in bad credit, may use an alternative service. The higher your score, the higher your odds of approval.
If your score is not the greatest, you can improve it by paying your bills on time and paying down revolving credit debt. Also, it is a good idea to monitor your report and dispute any errors.
Another factor is your income. This is not to say that you have to be rich to get loan but you have to have enough money so that the lender can reasonably believe that you can pay for your Jon Boat.
They will also use your income to get your debt to income ration. Comparing how much you make to how much you owe can show them whether or not you are overextended or not.
Besides income and credit scores, your lender may look at some other factors. Every lender is different but they may also look at your length of employment, time at your current address and many other factors.
If your credit rating is not that great, don’t panic, because many lenders may still be willing to work with you. In any case, there is no charge to get an offer on your Jon Boat and you are under no obligation to accept it.
