Dear Maine Consumers,
The sale price of the boat may have been $20,000, but even if the Captain makes all his payments on time, with the 120 month (10 year) loan term, the total finance charge (dollars of interest alone!) would be just under $16,000. That’s almost the cost of the boat itself! While the Captain relished the idea of owning a sparkling new bowrider, after learning some helpful buying/financing tips ... ................
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