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

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.

 

Ok thanks that's what I figured but I wasn't sure

Why? Boat is probably the worst investment you could make. Save the $$ until it becomes expendable. Just my 2 cents. 

Like I said I was just curious because I didn't know the answer. I've already bought my own bass boat.

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.  

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. 

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