texasfishingforum.com logo
Main Menu
Advertisement
Affiliates
Advertisement
Newest Members
NTX-FISHon, scott100, Monty97, MiggyFishing, PierceBull12
109277 Registered Users
Top Posters(All Time)
TexDawg 90,112
hopalong 78,911
Pilothawk 77,534
John175® 69,836
JDavis7873® 67,393
Derek 🐝 61,676
Tritonman 58,395
LoneStarSon® 54,816
Mark Perry 54,792
facebook
Forum Statistics
Forums60
Topics777,162
Posts13,000,660
Members109,277
Most Online36,273
Jan 23rd, 2013
Print Thread
Page 1 of 3 1 2 3
buying a boat #12305817
06/22/17 08:51 AM
06/22/17 08:51 AM
Joined: Apr 2017
Posts: 43
Denton Tx
C
cbeathard Online content OP
Outdoorsman
cbeathard  Online Content OP
Outdoorsman
C

Joined: Apr 2017
Posts: 43
Denton Tx
So, I've been trying to buy a boat, kayaking is starting to get laborious lol.
anyways I'm 21 and haven't established enough credit yet to actually get a loan at the moment but what I don't understand is how people I went to high-school with take 30-40 thousand dollar loans for school but I haven't been able to get 8k for a boat?
Does anyone have any tips, or options I can do to get into something with a motor.

Bass Fishing Ad
Re: buying a boat [Re: cbeathard] #12305830
06/22/17 10:34 AM
06/22/17 10:34 AM
Joined: Jan 2012
Posts: 1,043
Haslet, TX
Clark3 Offline
Extreme Angler
Clark3  Offline
Extreme Angler

Joined: Jan 2012
Posts: 1,043
Haslet, TX
Banks have to follow laws and regulations. They have different tiers with regards to things people finance.

Things like cars, homes, education, Ect are considered more of necessities and they can loan to people with lower credit, low history, Ect.

Things like boats, atv's, Motorcycles are considered non essential pleasure toys and they are much more regulated what a bank can do, on top of banks can be much more selective


Re: buying a boat [Re: cbeathard] #12305832
06/22/17 10:39 AM
06/22/17 10:39 AM
Joined: May 2014
Posts: 4,648
texas
GIG'EM AGGIES Online content
TFF Team Angler
GIG'EM AGGIES  Online Content
TFF Team Angler

Joined: May 2014
Posts: 4,648
texas
I think financial institutions believe education is more important than a boat, just a guess on my part. Best advice I can give is start saving and pay cash and you might also apply for a credit card to start establishing your credit.


I am a Senager. (Senior teenager) I have everything that I wanted as a teenager, only 50 years later. I don't have to go to school or work. I get an allowance every month. I don't have a curfew, I have a drivers license,a PU truck and I have a bass boat.


illegitimi non carborundum
Re: buying a boat [Re: cbeathard] #12305837
06/22/17 10:58 AM
06/22/17 10:58 AM
Joined: Mar 2003
Posts: 1,292
Cisco,tx
scruboak Offline
Extreme Angler
scruboak  Offline
Extreme Angler

Joined: Mar 2003
Posts: 1,292
Cisco,tx
save bro the student loans dont go away Pay cash.

Re: buying a boat [Re: cbeathard] #12305840
06/22/17 11:00 AM
06/22/17 11:00 AM
Joined: Aug 2003
Posts: 24,323
Frisco, Texas
RedRanger Online content
burro desagradable
RedRanger  Online Content
burro desagradable

Joined: Aug 2003
Posts: 24,323
Frisco, Texas
Probably cause they know they will get paid in the end.

I heard if you file bankrupt you can't get rid of your student loans, or at least is almost impossible.

While if you file bankruptcy with a boat then it is much easier.

Re: buying a boat [Re: RedRanger] #12305844
06/22/17 11:08 AM
06/22/17 11:08 AM
Joined: Oct 2005
Posts: 69,836
Realville
John175® Online happy
Super Freak
John175®  Online Happy
Super Freak

Joined: Oct 2005
Posts: 69,836
Realville
Originally Posted By: RedRanger
Probably cause they know they will get paid in the end.

I heard if you file bankrupt you can't get rid of your student loans, or at least is almost impossible.

While if you file bankruptcy with a boat then it is much easier.


The Federal government gives out the student loans to anyone with a pulse.

$1.4 trillion and rising...

https://studentloanhero.com/student-loan-debt-statistics/


Hatred corrodes the container it's carried in.
Re: buying a boat [Re: cbeathard] #12305875
06/22/17 12:05 PM
06/22/17 12:05 PM
Joined: Nov 2008
Posts: 5,289
somervell county
3
361V Online content
TFF Celebrity
361V  Online Content
TFF Celebrity
3

Joined: Nov 2008
Posts: 5,289
somervell county
Prolly not what you wanted to hear but ditto on the above sentiments. A. If you do not see the difference between investing in an education and investing in a boat your education is obviously not finished. B. At least show some intelligence in this area: save your money now for what you want later. Pay cash later or at least save for a sizable down payment. Good luck.


Re: buying a boat [Re: cbeathard] #12306138
06/22/17 02:52 PM
06/22/17 02:52 PM
Joined: Feb 2004
Posts: 19,565
Flower Mound, TX
Okie Poke Offline
TFF Guru
Okie Poke  Offline
TFF Guru

Joined: Feb 2004
Posts: 19,565
Flower Mound, TX
You're 21....don't ruin your life yet. No kid deserves to have a bass boat before turning 30, anyways...and remember, never, I mean never, buy a boat on credit. Pay cash or don't buy. Befriend some fishermen on here and use their stuff.


Happy Holidays from our house to yours.....


Re: buying a boat [Re: cbeathard] #12306158
06/22/17 03:00 PM
06/22/17 03:00 PM
Joined: Nov 2007
Posts: 3,584
scotland tx
ssmith Online content
TFF Team Angler
ssmith  Online Content
TFF Team Angler

Joined: Nov 2007
Posts: 3,584
scotland tx
in the real world financing an education is a lot more intelligent than financing a boat.

Re: buying a boat [Re: cbeathard] #12306172
06/22/17 03:04 PM
06/22/17 03:04 PM
Joined: Mar 2010
Posts: 4,212
Paradise, TX
Brad Hardt Offline
TFF Team Angler
Brad Hardt  Offline
TFF Team Angler

Joined: Mar 2010
Posts: 4,212
Paradise, TX
I agree with Okie , I saved for 9 years to buy my first boat , cash money is the only money


A-RIGS , MAKING BAD FISHERMAN LOOK GOOD SINCE 2010
Re: buying a boat [Re: cbeathard] #12306222
06/22/17 03:26 PM
06/22/17 03:26 PM
Joined: Mar 2008
Posts: 2,201
C
CBoone Offline
Extreme Angler
CBoone  Offline
Extreme Angler
C

Joined: Mar 2008
Posts: 2,201
You're 21. Save up some money and start with something old and cheap and made of metal. Pay cash. If you don't like it - odds are if you bought it right you'll get your money out of it.

A boat is much more work (things that can go wrong that cost $$$)than your kayak will ever be.

Re: buying a boat [Re: Okie Poke] #12306245
06/22/17 03:34 PM
06/22/17 03:34 PM
Joined: Oct 2006
Posts: 10,297
Trophy Club, TX
Ken A. Online content
TFF Guru
Ken A.  Online Content
TFF Guru

Joined: Oct 2006
Posts: 10,297
Trophy Club, TX
Originally Posted By: Okie Poke
You're 21....don't ruin your life yet.


Exactly!

Wait until you're at least 24 to ruin your life buying a Boat!! roflmao

I am not a good one to be giving advice on boat buying. I bought my first boat before I had a driver's license! It was a 15' Duck Hawk with a 55 Chrysler. I got it from my neighbor that was upgrading. He let me pay him out weekly. I was sacking groceries at Minyard Food store making $2.65 an hour!!

Re: buying a boat [Re: cbeathard] #12306259
06/22/17 03:40 PM
06/22/17 03:40 PM
Joined: Mar 2010
Posts: 3,498
Gonzales, Tx
C
ChuChu1 Online content
TFF Team Angler
ChuChu1  Online Content
TFF Team Angler
C

Joined: Mar 2010
Posts: 3,498
Gonzales, Tx
Originally Posted By: cbeathard
So, I've been trying to buy a boat, kayaking is starting to get laborious lol.
anyways I'm 21 and haven't established enough credit yet to actually get a loan at the moment but what I don't understand is how people I went to high-school with take 30-40 thousand dollar loans for school but I haven't been able to get 8k for a boat?
Does anyone have any tips, or options I can do to get into something with a motor.



One answer....credit union.


Snowflakes and entitled brats will be the doom of America!


Re: buying a boat [Re: cbeathard] #12306287
06/22/17 03:48 PM
06/22/17 03:48 PM
Joined: Jan 2010
Posts: 3,433
North Richland Hills, TX
Fishinfellow Offline
TFF Team Angler
Fishinfellow  Offline
TFF Team Angler

Joined: Jan 2010
Posts: 3,433
North Richland Hills, TX
My advice would be lower your standards for what you want. I remember when I was shopping for a boat when I was 19, wanting to finance 10 grand for something "presentable." Your main focus should be functionality. Save up a couple grand and pay for an older boat. Don't be afraid of an older boat (as long as you get it checked out, especially the transom!!)

I financed and then RE-financed (for more $) my first boat and it was a huge mistake.


Thats my money fish

Kris Winhold
Re: buying a boat [Re: cbeathard] #12306299
06/22/17 03:53 PM
06/22/17 03:53 PM
Joined: Dec 2013
Posts: 263
Wichita Falls TX
Jiff7210 Offline
Angler
Jiff7210  Offline
Angler

Joined: Dec 2013
Posts: 263
Wichita Falls TX
I know you probably don't want to hear it but like a lot of others have said. Save up and pay cash.

I started with a 14' aluminum and fished out of it for a couple years, I sold that and bought an older 18' fiberglass. Now I have a 2003 21' boat that I love. I have just consistently upgraded a little over time.


PB: 12.42
Page 1 of 3 1 2 3
Previous Thread
Index
Next Thread


© 1998-2018 OUTDOOR SITES NETWORK all rights reserved USA and Worldwide
UBB.threads™ 7.6.2