[Putershark]

Well I am not the banking guru (I leave those to Vic to handle ) but I would think that which ever gives you the lowest payment would be your best option. The present owners loan though, may not be transferable so a new loan to pay off the bank would then be needed... And I would think that in light of the current lending crunch, that interest rates should be pretty good right now. Here again what is the boat worth, credit scores, down payment all come into play

I would also think that our buddy Dick over at Merritt Marine could give some insight on marine related loans and how they work