Highschoolbassin Posted February 18, 2016 Posted February 18, 2016 Say if someone under 18 had half of the boat cost already in their bank account. Could they finance a boat with a co-signer over 18? Just curious as to what the answer is not really considering it. Thanks Quote
Super User Sam Posted February 18, 2016 Super User Posted February 18, 2016 Yes, if you have a person who reached their majority to co-sign in states where 18 is still not the age of majority and a majority aged co-signer is needed. If 18 is the age of majority then you can legally enter into a contract. Quote
Highschoolbassin Posted February 18, 2016 Author Posted February 18, 2016 Ok thanks that's what I figured but I wasn't sure Quote
EvanT123 Posted February 18, 2016 Posted February 18, 2016 Why? Boat is probably the worst investment you could make. Save the $$ until it becomes expendable. Just my 2 cents. 1 Quote
Highschoolbassin Posted February 19, 2016 Author Posted February 19, 2016 Like I said I was just curious because I didn't know the answer. I've already bought my own bass boat. Quote
Junk Fisherman Posted February 20, 2016 Posted February 20, 2016 On 2/18/2016 at 0:23 AM, EvanT123 said: Why? Boat is probably the worst investment you could make. Save the $$ until it becomes expendable. Just my 2 cents. Fishing boats are not investments. They are toys. I think having an old aluminum boat while in college is a great idea. You learn a lot about boats and are not dependent on anyone else to go fishing. Find something for a few thousand. Better to have dad or grandpa float you a loan. Quote
Super User Way2slow Posted February 20, 2016 Super User Posted February 20, 2016 When I was 17 and still in High School, working at a service station after school, the First National Bank in Thomson GA financed a model A Ford I wanted to buy, on my own signature. A deal came up I couldn't pass up and I had recently spent all my cash on a band new ski boat and motor. Now, this was in 1966, a small town, and the president of the bank knew me very well. For a credit reference when I asked him if you would loan me the money , he asked me, if I going to pay it back, I said of course and he said OK, sign here. Quote
Highschoolbassin Posted February 21, 2016 Author Posted February 21, 2016 Thanks for all the replies guys. Here's what I'm currently operating out of until next fall when I sell it and upgrade to a little nicer one for personal reasons not just for craps and giggles. And yes I am buying that boat with my own money. Making payments on it. Not too shabby for a high school kid if I say so myself Quote
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