Boat loan rates and terms more aggressive in 1996.SEATTLE--(BUSINESS WIRE)--Jan. 17, 1996--Nine financial institutions are planning to offer low interest loans and unusually aggressive terms during the 49th Annual Seattle Boat Show which begins on Jan. 19 in the Kingdome. Terms of up to 20 years and rates as low as 7 percent are available for consumers who wish to make their vacation residence a floating home. This compared to five years ago when boat loan interest rates averaged 10 percent. "If the boat has a 'bed, a head and a galley galley, long, narrow vessel widely used in ancient and medieval times, propelled principally by oars but also fitted with sails. The earliest type was sometimes 150 ft (46 m) long with 50 oars. , the interest on the loan used to acquire it may be deductible That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes). , if the boat is used as your principle or secondary residence. You should consult your tax advisor A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in to be sure," said John Powers The name John Powers can refer to:
Formed on November 11, 1929, from the merger of Seattle's three largest banks, the First National Bank Group, the Dexter Horton National Bank (founded 1870 by Dexter Horton), and Seattle National . "It is a boat buyer's market because the supply of bank loans outweighs the demand for loans as we enter the boat show buying time." Because there are so many boaters in the Northwest, boat values are fairly stable based on high demand from those who fish and choose to take advantage of boating lifestyles here. "We have more than 3,000 miles of tidal tidal /ti·dal/ (ti´d'l) ebbing and flowing like the waters of the oceans. tid·al adj. Resembling the tides; alternately rising and falling. shorelines, 40,000 moorage slips, 400 marinas It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. Australia Victoria n. 1. A coil or loop. 2. Nautical A ring on a stay attached to the head of a jib or staysail. 3. A looped bundle, as of yarn. Sitko, executive director of the Northwest Marine Trade Association. "The Seattle Boat Show is the third largest show of its kind in the U.S. and the opportunity for people to get into boating couldn't be better." The Seattle Boat Show, Jan. 19-28, includes 460 exhibitors with displays in the Kingdome and adjacent buildings. Ticket prices are $6.95 and children under 17 are free when accompanied by a paid adult. The show is open weekdays, 11 a.m. to 10 p.m., Saturday, 10 a.m. to 10 p.m., Sunday, 10 a.m. to 8 p.m. The Seattle Boat Show is the third largest boat show in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For consumers interested in having a loan written at the Seattle Boat Show, lenders advise that you come prepared to discuss asset and liability, as well as income information. Financial institutions that will write loans at the show: -0- Seafirst Bank - John Powers 206/358-1557 (L-37) Boeing Employees Credit Union - Pat Partington 206/439-5024 (L-59) Alaska U.S.A. Federal Credit Union - Jim Fish 206/443-1968 (A-73) First Interstate - Harry Cook 206/575-5583 (B-5) Key Bank of Washington - Christy Bishop 206/789-7507 (L-57A) Pemco Financial Center: Evergreen Bank - Rex Wallace 206/628-4253 Washington School Employees Credit Union-Joann Blalock 206/628-4249 (L-45) Dimen Financial Group,Inc.- Diana Thomas 800/832-8022 (B-12) CIT Group Sales & Financing- Gary Pavlovich 800/547-7026 (A-59) West One Bank - Geoff Griffin 206/585-2908 - (A-113) CONTACT: Pete DeLaunay or Tod Steward, 206/682-3699 |
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