Sailboat LOAN SECRETS | Financing the Cruising Boat with Gary Fretz, Catamaran Yacht Broker

Yacht broker Gary Fretz outlines the big sailboat loan process. We break down the costs and qualifications for a $250,000 sailing yacht. He says you should only deal with marine lenders and lists the ones that write loans on non-US documented vessels and vessels outside the USA. You need a 680+ FICO credit score, at least 20% down, and less than a 35% debt-to-income ratio. Gary Fretz mostly helps buyers looking for big sailing catamarans that are 5 years or less old. For a $250,000 boat you can expect a $900-$1000 monthly payment based on 20% down and fixed interest rates of 3.75 and 5.0 percent. The number of lenders and terms of boat loans for smaller and older boats are generally worse. He also talks about some of the tax and registration issues with foreign boats. He argues Caribbean sailing catamarans are typically 10-15% less expensive than US-based boats. It costs about $2.50 per mile to have a boat delivered.
We break out the secrets to getting the best sailing catamaran for a great price and maximizing your resale value. Many top vloggers such as Sailing La Vagabonde and Sailing Zatara are selling their monohulls to buy a catamar Gary Fretz has been a yacht broker for 30 years. He helped Jessica and Ryan Adventures buy their sailing catamaran and he can help you too. Once you live aboard space becomes so important and cats have more space! Seasonal and Regional Factors are crucial in price you pay for a cat. Gary Fretz gives a way all his secrets if you e-mail him at
BigYachts {at} gmail [dot] com
Gary Fretz is the
Yachts International, Founder and CEO
Licensed and Bonded Yacht and Ship Broker (since 1989)
Member: International Yacht Brokers Association
LargeCatamaransForSale.com
Castle Harbor Boating School, Inc. (Owner)
America's Oldest Sailing School (since 1949)
Yacht Charters/Boating School/Club/Rentals
CastleHarbor.com and Castle Harbor Boating School.com
Essex offers a daily snapshot of the boat loans. They are not a sponsor and terms and conditions to all loans apply.
This is not investment advice or an offer for credit. We sail here at Slow Boat Sailing and don't offer credit.
www.essexcredit.com/home/boat...
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Linus Wilson is the host of the Slow Boat Sailing Podcast that has interviewed White Spot Pirates, Sailing Doodles, and Sailing SV Delos among many others.
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Mantus Anchors and SailTimer Wind Instrument (TM) are corporate sponsors of this video.
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music by www.BenSound.com
Copyright Linus Wilson, Vermilion Advisory Services, 2018

[@SlowBoatSailing]

Check out our other videos with Yacht Broker Gary Fretz about buying the big boat. kzbin.info/www/bejne/rYCsfouKo7GHj9k

[@Sailing13Winds]

Wow! Thank you ... Your interview with Gary was so much better then Jessica and Ryan's channel and letting the man speak.... Your questions and statements were spot on...thumbs up!

[@GriffinVb]

Very helpful stuff here. Thanks.

[@sailnblue497]

Or then again, you could buy a boat you can afford. Part of cruising to me is freedom- Who wants to sail with a hefty mortgage due? No thanks. I will sail what I can afford to own outright.

[@SlowBoatSailing]

SailnBlue the latest is here kzbin.info/www/bejne/mHyac4Buf9iLla8

[@fatherthomas1575]

Thanks

[@SV-DEDICATED]

Good news on the Military Gary. Thanks. USAA is another that will consider boat loans.

[@SlowBoatSailing]

Roger K. Davis Great! My name is Linus.

[@SV-DEDICATED]

Yes, you're the channel owner with the cute little dog. Gary is the smart broker that has been on several other channels.

[@rpb704]

Navy Federal will do no more than a 15 year loan. Interest rates start at about 5% for excellent credit (as of August 2019)

[@onthebeaches]

Great info Linus. Have you heard any more from the two crazy ladies who made up the story when sailing from HI?!

[@jackslagle2019]

I'm assuming that's a joke about the tickets but if it's not pick me pick me