First, how much do you want to spend on a trolling motor?
Why Finance A Trolling Motor Online?
If you are here, you probably already know why you should consider financing a trolling motor. They can be very expensive pieces of hunting gear. If you are still on the fence though, here are some reasons why online financing is a good idea.
It Is Often Much Easier To Get An Approval
With local retailers, you typically have one or two lenders that they work with. These lenders often make it difficult for those with less than perfect credit to get an approval. Because of the financing incentives often offered, if you do not have good credit, your odds of getting a yes are slim.
Online lending is a bit different. Online, you can get you access to more lenders, many of which are used to working with bad credit. We ourselves are not lenders and do not make credit decisions. Instead, we get you access to a much larger group of lenders. If you do not have credit, this is a good thing because it may increase your chances of approval.
You Can Buy Your Trolling Motor With Cash
Having cash in hand has a number of benefits. For starters, it allows you to shop at any boating store that you like. Get the exact model of trolling motor that fits your need and score the best deal. Not being locked into one particular store is a very food thing.
In addition, because you are actually taking a cash loan, you can use any excess money as you please. Get a great deal on a trolling motor? Use the extra money to buy a compound bow or anything else you have had your eye on.
Trolling Motors Are Expensive
Sure, you can get a cheap trolling motor for less than 200 dollars, but then you own a cheap trolling motor. Who wants that.
A good trolling motor is going to cost closer to 1000 dollars and if you want a great one, you can almost triple that amount. This is why online financing is so handy. It can allow you to afford quality instead of having to settle for junk.
It Is Much More Convenient
Who wants to do things in person anymore. Unfortunately, for store credit, many retailers are still making you come in to apply.
Getting a loan for a trolling motor online is far easier. Just fill out a short form and get an answer in minutes. If you are approved and like the offer, accept it online and you can have money in your account as soon as the next business day. You can then shop anywhere for your motor, even online. So you actually never have to leave your house to get your new trolling motor for your boat.
Getting Your Finance Offer
Getting an offer could not be easier and, if you get started now, you could be staring at an offer in just a few minutes. Here is what you need to do at this point.
Get Your Loan Offer
First, you need to head to the top of the page and get your financing offer by filling out the short and secure loan quote form. Just enter some basic information about yourself, your income, etc and you are all set. You will also need to enter banking information because if you accept a loan, this is how your lender will send you your money. Next, read the terms of service and submit your form.
If approved for a loan to buy a trolling motor, you will receive an offer from one of the lenders in the group. You will be sent to their individual website where you can review this offer. If you decide to accept it, you can, in most cases, handle the rest of the transaction online. Then, your lender will work on getting you your money ASAP. That may occur as soon as the next business day.
Deciding On Your Offer
Once you have your loan offer, you need to make a decision as to whether to accept it. Unless you are a professional angler, this is probably a luxury purchase so you should not need to rush into things. Here are some things to think about.
- Can you afford the payment.
Fit the loan payments into your budget and make sure there is room to spare. If not, can you make some changes or add some income? - Is the cost of the loan too high?
Even if you can afford the payment, is the total loan cost too high. Only you can decide what you are willing to pay for the convenience of getting the trolling motor that you want right now. - Do you have other options?
Is a loan your only option or could you turn to the used market or simply save for your trolling motor.
After carefully considering your options, you can make a loan decision. Just be sure to take the time to think things over and make a smart choice.
