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I don't care what kind of offer they give you. Yamaha Financial is a giant pain the arse to deal with. You literally couldn't pay me enough to finance with them ever again....EVER
I agree with the ‘stay away from Yamaha Finance’ sentiment. There has to be some very serious, fundamental issue going on there... and no one gives a damn about rooting it out, much less resolving it.
Qualified buyers is a bunch of crap as well. Better have 820+ credit, and 40% down.
I had 790 credit when I bought, and was told I was only eligible for "second tier" financing. I ended up taking it anyway at 6% for 120mo. With ZERO specials that were advertised.
Well qualified in this case really means "you could probably pay cash if you wanted to but you'll make more money in the stock market with it". If you're making that kind of decision, you probably don't need the special financing anyway. It's sneaking up on bait and switch IMO.
I financed through Yamaha when I bought my boat without an issue, i got 2.99% for up to 20 years if I wanted. In fact I bought my boat late July and the interest rate was 4.99% and on the first of August they introduced the 2.99%, i asked if they could give me the 2.99% and they did without an issue.
Qualified buyers is a bunch of crap as well. Better have 820+ credit, and 40% down.
I had 790 credit when I bought, and was told I was only eligible for "second tier" financing. I ended up taking it anyway at 6% for 120mo. With ZERO specials that were advertised.
Well qualified in this case really means "you could probably pay cash if you wanted to but you'll make more money in the stock market with it". If you're making that kind of decision, you probably don't need the special financing anyway. It's sneaking up on bait and switch IMO.
There's a couple different reasons that can happen. If your credit is there and for some reason the bank didn't give you tier A1(780 and up currently) the bank could have called to try and get you a bump to the next tier, if they have a good relationship with the bank. Money down doesn't typically matter unless the bank is requesting it because of debt to income. Of course it puts you in a better equity position but that's a whole nother topic.
Greetings: I was looking over the comments regarding finance. Hoping you have received your 195s by now. I plan to put down a deposit next week. Would you mind sharing your deal$$ Were you charged for freight and prep fee's. I've read various comments regarding how each dealer treats their customers. Also once you put your deposit down how long before you received the boat. I'm in Virginia. Big thanks for any input and congrats!