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Dec 30th, 2023
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 Re: Where are all the covid boats 4 sale?
[Re: SC-001]
#13772578
11/16/20 05:38 PM
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Joined: Jul 2013
Posts: 737
TallBaldCypress
Pro Angler
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Pro Angler
Joined: Jul 2013
Posts: 737 |
I thought people wouldn't be able to afford them after the shut downs and the market would be full of people trying to reduce monthly expense.
The exact opposite happened. They bought them all up!
Same thing happening with lakefront property and it's driving the values up. Priced me out of buying one right now. Downside to low interest rates I guess. People paying too much because they buy based on payment amount.
Last edited by B. Dill; 11/16/20 05:42 PM.
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Re: Where are all the covid boats 4 sale?
[Re: tmd11111]
#13772779
11/16/20 07:45 PM
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Joined: Mar 2014
Posts: 595
TxBazzn
Pro Angler
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Pro Angler
Joined: Mar 2014
Posts: 595 |
It's coming. Already two for sale by me and both owners owe more then what they retailed for new. Good luck with that. How is that possible? Did they not make a down payment or any payment ever and let the interest build? Curious how you can buy a boat new and owe more money then the sales price? I bought my last boat with zero down, salesman said not possible and quickly changed his tune when I got several approvals. But in this case take a boat with MAP pricing say like a Skeeter, not saying this ones a Skeeter but it is. Tack on freight, rigging, and TTL. Thats close to 10% on some boats so amount financed is pretty close to msrp, add in the fact that Skeeter came out with a rebate after person purchased. Now if its a 12 year loan almost all of your first few dozen payments are all interest and no principal. It's coming. Already two for sale by me and both owners owe more then what they retailed for new. Good luck with that. How is that possible? Did they not make a down payment or any payment ever and let the interest build? Curious how you can buy a boat new and owe more money then the sales price? I bought my last boat with zero down, salesman said not possible and quickly changed his tune when I got several approvals. But in this case take a boat with MAP pricing say like a Skeeter, not saying this ones a Skeeter but it is. Tack on freight, rigging, and TTL. Thats close to 10% on some boats so amount financed is pretty close to msrp, add in the fact that Skeeter came out with a rebate after person purchased. Now if its a 12 year loan almost all of your first few dozen payments are all interest and no principal. Ah ok. I didn’t realize zero down was an option on boats.
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Re: Where are all the covid boats 4 sale?
[Re: SC-001]
#13772891
11/16/20 08:59 PM
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Joined: Jun 2019
Posts: 356
WLBDallas
Angler
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Angler
Joined: Jun 2019
Posts: 356 |
Pay cash. Never have to worry about the repo man.
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Re: Where are all the covid boats 4 sale?
[Re: SC-001]
#13772896
11/16/20 09:00 PM
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Joined: Jun 2012
Posts: 20,741
Douglas J
TFF Guru
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TFF Guru
Joined: Jun 2012
Posts: 20,741 |
Joe and his side chick got a cure for the covidious 19
#MFGA
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Re: Where are all the covid boats 4 sale?
[Re: TallBaldCypress]
#13772909
11/16/20 09:13 PM
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Joined: Feb 2003
Posts: 55,364
SkeeterRonnie
Super Freak
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Super Freak
Joined: Feb 2003
Posts: 55,364 |
I thought people wouldn't be able to afford them after the shut downs and the market would be full of people trying to reduce monthly expense.
The exact opposite happened. They bought them all up!
Same thing happening with lakefront property and it's driving the values up. Priced me out of buying one right now. Downside to low interest rates I guess. People paying too much because they buy based on payment amount. ditto on the lakefront property.... I'll catch it on the back side once they start the foreclosures and quick sales from the Biden Economy Collapse
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Re: Where are all the covid boats 4 sale?
[Re: WLBDallas]
#13772925
11/16/20 09:25 PM
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Joined: Jan 2005
Posts: 6,896
ChanceHuiet
TFF Celebrity
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TFF Celebrity
Joined: Jan 2005
Posts: 6,896 |
Pay cash. Never have to worry about the repo man. Yeah im sure 1 out of every 100 people can do that.
I can backlash toilet paper.
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Re: Where are all the covid boats 4 sale?
[Re: WLBDallas]
#13772929
11/16/20 09:27 PM
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Joined: Mar 2005
Posts: 7,031
SC-001
OP
TFF Celebrity
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OP
TFF Celebrity
Joined: Mar 2005
Posts: 7,031 |
Pay cash. Never have to worry about the repo man. Yeah im sure 1 out of every 100 people can do that. Well I'm your 1, rule of thumb I've always followed for toys, if I don't have the liquid to buy it outright I don't need to be putting it on payments for a few years much less 12 thats just nuts
Last edited by SC-001; 11/16/20 09:28 PM.
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Re: Where are all the covid boats 4 sale?
[Re: SC-001]
#13772941
11/16/20 09:37 PM
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Joined: Jul 2010
Posts: 4,108
wh2004
TFF Team Angler
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TFF Team Angler
Joined: Jul 2010
Posts: 4,108 |
Pay cash. Never have to worry about the repo man. Yeah im sure 1 out of every 100 people can do that. Well I'm your 1, rule of thumb I've always followed for toys, if I don't have the liquid to buy it outright I don't need to be putting it on payments for a few years much less 12 thats just nuts Good for you! ![[Linked Image]](https://texasfishingforum.com/forums/pics/userpics/2020/11/full-52243-74320-39d33c5a_e646_413f_b9f3_a943d4131f15.jpeg)
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Re: Where are all the covid boats 4 sale?
[Re: wh2004]
#13772954
11/16/20 09:49 PM
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Joined: Dec 2007
Posts: 2,037
Walls
Extreme Angler
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Extreme Angler
Joined: Dec 2007
Posts: 2,037 |
Pay cash. Never have to worry about the repo man. Yeah im sure 1 out of every 100 people can do that. Well I'm your 1, rule of thumb I've always followed for toys, if I don't have the liquid to buy it outright I don't need to be putting it on payments for a few years much less 12 thats just nuts Good for you! 
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Re: Where are all the covid boats 4 sale?
[Re: TxBazzn]
#13772958
11/16/20 09:50 PM
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Joined: Apr 2017
Posts: 12,191
tmd11111
TFF Guru
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TFF Guru
Joined: Apr 2017
Posts: 12,191 |
It's coming. Already two for sale by me and both owners owe more then what they retailed for new. Good luck with that. How is that possible? Did they not make a down payment or any payment ever and let the interest build? Curious how you can buy a boat new and owe more money then the sales price? I bought my last boat with zero down, salesman said not possible and quickly changed his tune when I got several approvals. But in this case take a boat with MAP pricing say like a Skeeter, not saying this ones a Skeeter but it is. Tack on freight, rigging, and TTL. Thats close to 10% on some boats so amount financed is pretty close to msrp, add in the fact that Skeeter came out with a rebate after person purchased. Now if its a 12 year loan almost all of your first few dozen payments are all interest and no principal. It's coming. Already two for sale by me and both owners owe more then what they retailed for new. Good luck with that. How is that possible? Did they not make a down payment or any payment ever and let the interest build? Curious how you can buy a boat new and owe more money then the sales price? I bought my last boat with zero down, salesman said not possible and quickly changed his tune when I got several approvals. But in this case take a boat with MAP pricing say like a Skeeter, not saying this ones a Skeeter but it is. Tack on freight, rigging, and TTL. Thats close to 10% on some boats so amount financed is pretty close to msrp, add in the fact that Skeeter came out with a rebate after person purchased. Now if its a 12 year loan almost all of your first few dozen payments are all interest and no principal. Ah ok. I didn’t realize zero down was an option on boats. If your credits stout enough you can. I did a 6 year loan and paid it off in 3.
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Re: Where are all the covid boats 4 sale?
[Re: SC-001]
#13773085
11/16/20 11:23 PM
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Joined: Feb 2005
Posts: 3,581
fivebites
TFF Team Angler
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TFF Team Angler
Joined: Feb 2005
Posts: 3,581 |
I got a covid boat for sale! Just dropped it a grand today.
2019 Chevy Tahoe
2018 Basscat Eyra 250 Proxs
PB Wife of 32 years!
PB Largemouth 9.56 Ray Roberts
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Re: Where are all the covid boats 4 sale?
[Re: SC-001]
#13773278
11/17/20 01:03 AM
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Joined: Nov 2007
Posts: 5,522
ssmith
TFF Celebrity
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TFF Celebrity
Joined: Nov 2007
Posts: 5,522 |
boat for sale on the low side of nada an under 20k are easy to sell every time your boat goes up 10 in value up around 50 k they have less buyers for them.
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