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Palm Beach International Boat Show

Submitted onMarch 19, 2010 No comments yet, share your thoughts

The 25th Annual Palm Beach International Boat Show is well underway and the weather could not be more favorable! High of 70 degrees with a good breeze and only 10% chance of rain (for most days). The atmosphere is also great for a yacht purchase. With the Southeast boat show season winding down and the boating season just getting underway for the rest of the US, this is one of the last opportunities to find the right yacht for your family’s summer cruising. There are unprecedented opportunities for yacht buyers right now, and many ways to structure a purchase to their best advantage. For instance, our good friend Phil Bartholomew of Seacoast Marine Finance sent me this message earlier this week:

Financing a yacht purchase is still the best way for a buyer, ready and financially able to buy a boat, to get the boat he or she wants and minimize their initial cash outlay (and preserve that precious liquidity). A 20% down payment is average, with loan terms and amortization up to 20 years. Interest rates are favorable as well. For loans $100,000 and up, fixed rates are in the mid 5% to mid 6% range. Adjustable (LIBOR) rates are in the low 4% range. Plus, loans are secured only by the vessel and don’t encumber other personal or business assets. These are all compelling reasons to suggest the financing alternative early in your conversations with potential customers.

If you have questions about marine financing you are not alone. How you purchase and register your vessel can dramatically affect the overall cost to you. Phil is the perfect person with whom you can have a candid discussion about what options are available to you and which might be most beneficial. At the Palm Beach Show, you’ll find him at the Seacoast Marine Finance display on the face dock (booth 940) or call him on his mobile at 954.303.2404. Mention Yacht Help Desk and Phil will offer you his top-secret special discount too.

You can read Phil’s previous post who qualifies for a yacht loan in this economy or add your comments below.

Palm Beach International Boat Show

Have a great boat show and may you find what you are looking for at a fair price. Just remember you started this search to get on the water don’t overwhelm yourself to the point of frustration.

Go Boating!

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