What is the best way to purchase a sailboat with little down payment and no credit?

Question

To say I am a sailboat enthusiast would be an understatement of magnificant proportions. I onced owned my own sailboat in which I taught myself how to sail with nothing more then a "sailing for dummies" book and some basic knowledge of knots. It was my passion and my life long dream. I would sail around the Indian river and every now and then venture through the inlet out into the open blue. It was the greatest time of my life. One could not even remotely comprehend the feeling I had while sailing that boat. Anyway, the Florida hurricanes of 2004 proved to be too much for old "enchantment", the name of my vessel. I successfully anchored through 3 prior storms that year but the 4th and final storm of 2004 swallowed her whole. "Enchantment" simply disappeared. I would never see her again. By far, it was the most heartwrenching and depressing time of my life. It would be a dream come true to once again be out there trimming sails and chasing the wind. How can I achieve this.

Answer 1

Credit's getting harder to come by these days...

I suppose you learned about the importance of boat insurance? If you finance, you'll be required to have it anyway...

Answer 2

I just purchased a 23 foot Watkins for a fraction of what it is valued at .

I watched sailboattradersonline.com everyday along with cragslist and placed a few adds  around local marinas but found what i was looking for at at goodoldboats.com .

If you truly love to sail and funds are short trust me you will find what your looking for

Answer 3

almost 0% to be honest , cause they call loans on campers and boats  , pleasure loans and they want to see a person with about a 725 credit score  before they will even look ur way sell some stuff and start a savings account and start saving that way she is ur's forever and put insurance on it