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aggiefootball
MMT Pro Member
Joined: Mon Aug 21, 2017 3:01 pm Posts: 50
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Mud Motor Finance
Anyone ever heard of a bank financing a mud motor by itself without the boat?
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Sun Aug 19, 2018 5:25 pm |
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4Cody4
MMT 1000 Club
Joined: Thu Mar 31, 2011 11:21 am Posts: 2530 Location: Land of 10,000 Lakes
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Re: Mud Motor Finance
No, I don’t think they’ll do it because you don’t register ownership on the Motor.
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_________________ "Two people in this world wear helmets, and that's dare devils and pussies." - Willie Braun
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Sun Aug 19, 2018 7:10 pm |
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godvl
MMT Pro Member
Joined: Fri Feb 06, 2009 8:36 am Posts: 253 Location: Nac-o-no where, tx
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Re: Mud Motor Finance
Mine did it for me......interest rate was a little high (7 or 8% can't remember now) because it was just a motor by itself, so they said
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Sun Aug 19, 2018 8:34 pm |
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brycecheramie
MMT 1000 Club
Joined: Thu Nov 04, 2010 7:38 am Posts: 4323 Location: Cut Off, La.
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Re: Mud Motor Finance
Yes they do. And yes they register ownership. If you finance a motor, you will get a title for that motor, just like a title to anything else.
_________________ Refurbishing a Prodrive
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Mon Aug 20, 2018 6:02 am |
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aggiefootball
MMT Pro Member
Joined: Mon Aug 21, 2017 3:01 pm Posts: 50
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Re: Mud Motor Finance
I appreciate all the input. I guess now I’ll wait till they open and talk to them
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Mon Aug 20, 2018 6:38 am |
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brycecheramie
MMT 1000 Club
Joined: Thu Nov 04, 2010 7:38 am Posts: 4323 Location: Cut Off, La.
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Re: Mud Motor Finance
_________________ Refurbishing a Prodrive
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Mon Aug 20, 2018 6:45 am |
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Bigen
MMT Member
Joined: Mon May 28, 2018 4:17 pm Posts: 31
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Re: Mud Motor Finance
Well it depends. With strong enough credit you can get a personal loan.
Most banks will not loan money on something that is not in NADA.
Some banks will want the title to the boat also.
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Mon Aug 20, 2018 2:07 pm |
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aggiefootball
MMT Pro Member
Joined: Mon Aug 21, 2017 3:01 pm Posts: 50
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Re: Mud Motor Finance
They’re working on a personal loan hopefully hear something tomorrow
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Mon Aug 20, 2018 6:01 pm |
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TGunn
MMT F.E.
Joined: Tue Feb 05, 2013 8:39 pm Posts: 764
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Re: Mud Motor Finance
I can't imagine a worse thing to finance, for you or the bank, unless it's for work purposes.
Maybe a bag of weed. That's all I can come up with.
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Tue Aug 21, 2018 6:17 am |
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brycecheramie
MMT 1000 Club
Joined: Thu Nov 04, 2010 7:38 am Posts: 4323 Location: Cut Off, La.
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Re: Mud Motor Finance
_________________ Refurbishing a Prodrive
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Tue Aug 21, 2018 7:04 am |
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Bigen
MMT Member
Joined: Mon May 28, 2018 4:17 pm Posts: 31
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Re: Mud Motor Finance
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Tue Aug 21, 2018 10:32 am |
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iamike304
MMT Member
Joined: Sun Aug 12, 2018 4:13 pm Posts: 17
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Re: Mud Motor Finance
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Thu Aug 23, 2018 9:17 pm |
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