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Jan 23rd, 2013
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Re: Boat prices??? [Re: daman] #13251810 08/18/19 04:26 PM
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GIG'EM AGGIES Offline
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You couldn't buy a better boat than that Champion anyway. thumb


I am a Senager. (Senior teenager) I have everything that I wanted as a teenager, only 50 years later. I get an allowance every month. I have PU truck and a bass boat, I am blessed.
Conscience never acquits, it either accuses or excuses.
Moritz Chevrolet - 9101 Camp Bowie W Blvd, Fort Worth, TX - Monte Coon (817) 696-2003
Re: Boat prices??? [Re: daman] #13251827 08/18/19 04:51 PM
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Chet Offline
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Originally Posted by daman
Bee looking at new bass boats .. They sure are high can’t imagine financing a boat for 20 years at 9 percent how many people with all these new boats are upside down in them..looks better to buy used I guess...
,

Bought a 21/2 year old Ranger Z119 for 32K. 3 years later sold for 30K. Low hours no blemishes, great boat. Look hard at 2-3 year old 20ft boats until you find one in excellent shape with good maintenance records and you will be way ahead of the game,


Re: Boat prices??? [Re: daman] #13251843 08/18/19 05:06 PM
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ssmith Offline
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its not just boats if you go in an finance the whole amount you are going to be upside down for a long time there will never be any 0% money on fishing boats because the demand is so high for them now an to be realistic every time you see 0% financing its on something that is way overpriced. there are some good used boats out there be patient an when you find one that suits you dont mess around an get it paid for because the guy that shows up with the money is generally going to be the new owner.

Re: Boat prices??? [Re: daman] #13251846 08/18/19 05:10 PM
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sprigsss Offline
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I bought a demo boat so got a pretty.good deal.

However, i dont put a dollar value on my time on the water.

To each his own.

I certainly didnt have the money to pay cash and wanted to do everything i could to make sure i had a dependable boat while 3-4 hours away from home on a lake on which i probably know no one.

I didnt buy a boat to flip in a couple years and turn a profit. I bought my boat for quality time with friends and family and to destress after a rough day or week at work. I refuse to put a dollar value on that.

Re: Boat prices??? [Re: daman] #13251850 08/18/19 05:17 PM
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i-Fish Offline
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Anyone justifying the interest paid on a home purchase as well as yearly taxes, maintenance and repair costs but laments someone for paying interest on a boat with their discretionary income is missing some necessary tools.

Interest on a 200k house? No problem! Muh truck? Absolutely! Credit cards? You bet!

A boat?! Don’t be stupid!!!

Last edited by i-Fish; 08/18/19 05:24 PM.

If you can't find em wind em.
Re: Boat prices??? [Re: i-Fish] #13251872 08/18/19 05:55 PM
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Der Vorsteher Offline
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Originally Posted by i-Fish
Anyone justifying the interest paid on a home purchase as well as yearly taxes, maintenance and repair costs but laments someone for paying interest on a boat with their discretionary income is missing some necessary tools.

Interest on a 200k house? No problem! Muh truck? Absolutely! Credit cards? You bet!

A boat?! Don’t be stupid!!!



Again, needs vs. wants. And homes typically appreciate, boats dont, under any circumstances. Car is a need in most cases as well. I agree that financing a loaded vehicle with all the bells and whistles is dumb. I always buy used when it comes to vehicles. Just bought one a few months ago, got a car that gets good mileage, it's the base model. Gets me from point a to b. That's all I need. I commute 25 miles so a car is a need. When it gets down to it a boat is not a need. Or buy a used flat bottom with a TM.


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Re: Boat prices??? [Re: daman] #13251873 08/18/19 05:58 PM
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People that buy houses and claim to “make money” selling them are fooling themselves. Houses only are profitable if you use them as rent houses or to flip. You pay interest, taxes (lots and lots of them), and insurance. Those things are gone... Non-recoverable. So....in three years you sell it for more than you paid. But, you could have invested that money into a IRA or some other plan and come out better renting a place to live in. Your landlord would pay all the taxes, interest, insurance, etc. and your money would be making money.



I know it sounds crazy....but buying a house, renting it out for profit and leasing a place to live in is a better income generator.

Rich Dad, Poor Dad. 101.



....as for financing a boat for 240 months? Absolutely the dumbest thing I’ve ever heard of. I’m not suggesting “save and pay cash” blah blah blah. That’s a great idea, but not realistic for everyone. I’d say look at what you can afford to spend on a hobby per month, figure an amount that can be financed for that monthly allotment, while taking into consideration resale value at the end of the financing term. The goal is to make a decision that ends with no negative equity during the last 80% of the terms.

If it means buying a $10k-$20$ boat, so be it. It’s fishing.

For the 2020 Vette comment?

Base price is $59999, but dealers are getting a $10k market charge on top of that, just to place an order...and GM ain’t gonna let you order you a base model. The average retail of a 2020 will likely wind up north of $90k.


Eat. Sleep. Fish.
Re: Boat prices??? [Re: daman] #13251878 08/18/19 06:03 PM
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You can buy a pretty loaded 2019-2020 Skeeter ZX250 for $56,000 or so. Big screen GPS units, Ultrex and Power Pole.

Re: Boat prices??? [Re: Der Vorsteher] #13251879 08/18/19 06:03 PM
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Originally Posted by Der Vorsteher
Originally Posted by i-Fish
Anyone justifying the interest paid on a home purchase as well as yearly taxes, maintenance and repair costs but laments someone for paying interest on a boat with their discretionary income is missing some necessary tools.

Interest on a 200k house? No problem! Muh truck? Absolutely! Credit cards? You bet!

A boat?! Don’t be stupid!!!



Again, needs vs. wants. And homes typically appreciate, boats dont, under any circumstances. Car is a need in most cases as well. I agree that financing a loaded vehicle with all the bells and whistles is dumb. I always buy used when it comes to vehicles. Just bought one a few months ago, got a car that gets good mileage, it's the base model. Gets me from point a to b. That's all I need. I commute 25 miles so a car is a need. When it gets down to it a boat is not a need. Or buy a used flat bottom with a TM.

That's pretty much how I feel. I like my Skeeter but love my home. I'm in it everyday and hate to think what life would be like without it. Days like today I won't be in that Skeeter anyway. If and when I decide to buy another boat it will be bought with cash money just like the last two.


I am a Senager. (Senior teenager) I have everything that I wanted as a teenager, only 50 years later. I get an allowance every month. I have PU truck and a bass boat, I am blessed.
Conscience never acquits, it either accuses or excuses.
Re: Boat prices??? [Re: daman] #13251881 08/18/19 06:08 PM
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Very high considering what you get compared to say an automobile, the industry changed after the recession and doesn't seem like its going back.

Re: Boat prices??? [Re: daman] #13251895 08/18/19 06:30 PM
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I wrote a check for my Phoenix, second biggest check I ever wrote for a personal purchase the largest being for my home. I said it before and will repeat once more this will be the last check of that size I ever cut except for possibly a vehicle and that would only be if my current once depreciates to nearly zero.


The author of these post accepts no responsibilty for them being factual and or the truth or that he was even behind the computer when it was typed.
Re: Boat prices??? [Re: daman] #13251896 08/18/19 06:37 PM
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rookyboy Offline
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Boat purchases = CASH ONLY!!

No financing EVER!!!!

Save longer or spend less!

Re: Boat prices??? [Re: daman] #13251897 08/18/19 06:38 PM
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daman Offline OP
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I don’t even want to think what would happen if this economy went into the tank..How many banks would have to close down I guess kinda like when the housing market crashed...

Re: Boat prices??? [Re: daman] #13251927 08/18/19 07:16 PM
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If you've got money to burn go for it. If not I would look for a nice used boat. Take your time and look around. There out there. Be careful though. You can spend alot of money on a used boat if its not mechanically sound. Get it checked out.

Last edited by Speedcraw; 08/18/19 07:52 PM.
Re: Boat prices??? [Re: SteezMacQueen] #13251954 08/18/19 07:37 PM
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ReelSlow Online Content
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Originally Posted by SteezMacQueen
People that buy houses and claim to “make money” selling them are fooling themselves..


Oh yeah? I think you forgot to add up all that those rent checks, interest deductions, and a couple of market crashes in that formula.


GOD is good!
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