Domain: tiger-web1.srvr.media3.us You can get 20-year loans on boats now? | Page 2 | O-T Lounge
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re: You can get 20-year loans on boats now?

Posted on 7/21/23 at 10:13 pm to
Posted by GetBackToWork
Member since Dec 2007
6565 posts
Posted on 7/21/23 at 10:13 pm to
The sad thing is so many people will convince themselves they’ll hit a big lick and pay it off early, talking big with the salesman. The reality is they’ll slave away at paying that, the mortgage, and two car notes.
Posted by TxWadingFool
Middle Coast
Member since Sep 2014
5591 posts
Posted on 7/21/23 at 10:16 pm to
Here's a ski boat for nearly a half million.

LINK
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
39206 posts
Posted on 7/21/23 at 10:45 pm to
Good lord this should be criminal
Posted by BigBinBR
Baton Rouge
Member since Mar 2023
9929 posts
Posted on 7/21/23 at 10:45 pm to
quote:

the $102.000 boat will cost you 243,813.60. Wow.


Yeah but it says it’s a $3330 savings!!
Posted by AUFANATL
Member since Dec 2007
5218 posts
Posted on 7/21/23 at 10:57 pm to
quote:

So the $102.000 boat will cost you 243,813.60.
Wow.


You forgot to add in the required down payment.

Total cost is actually $254,757.

Over 20 years...for something you rarely get to enjoy.

That's like getting divorced
Posted by saintkenn
Saintkenn
Member since Nov 2012
1276 posts
Posted on 7/22/23 at 12:07 am to
I was looking at a Vexus VX21, after equipping it with the electronics, power poles, and other various options, the total came out just shy of $120k. I just couldn't wrap my head around it. Now we're looking for a pre owned model, but they're still in the upper 70's and lower 80's. It's ridiculous how much the price has increased on boats in the last few years.
Posted by CHGAR
Haile, LA
Member since Aug 2022
1256 posts
Posted on 7/22/23 at 12:23 am to
Bust
Out
Another
Thousand
Posted by H2O Tiger
Delta Sky Club
Member since May 2021
7938 posts
Posted on 7/22/23 at 12:35 am to
20 year loans have been around on boats for a while. I've heard that they're offering 25+ on some of the newer wakeboard boats now.

Posted by H2O Tiger
Delta Sky Club
Member since May 2021
7938 posts
Posted on 7/22/23 at 12:37 am to
quote:

What kind of boat is going for north of $100k?


$339,000 for a used 25' Nautique

This post was edited on 7/22/23 at 12:38 am
Posted by UKWildcats
Lexington, KY
Member since Mar 2015
19408 posts
Posted on 7/22/23 at 12:43 am to
I am woefully uneducated on boat prices.
Posted by H2O Tiger
Delta Sky Club
Member since May 2021
7938 posts
Posted on 7/22/23 at 12:46 am to
I bought my MasterCraft in October of 2021. Not sure I'd even be willing to buy the exact same boat now.

They're putting so much tech in these things it's crazy. The new 2024's have an option for automatic swinging board racks because pulling a pin and spinning it around is too much work.
Posted by NCIS_76
Member since Jan 2021
5246 posts
Posted on 7/22/23 at 12:59 am to
Old saying about a B O A T is Bust Out Another Thousand. This is literally doing it once a month.
Posted by Bama and Beer
Baldwin Co, AL
Member since Oct 2010
85313 posts
Posted on 7/22/23 at 1:38 am to
Not a chance in hell
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
19975 posts
Posted on 7/22/23 at 2:07 am to
Who are these people that can be plop down $340,000 for a ski boat? Because the tatted up white Oakley roid heads I see in these can't possibly be paying for them.
This post was edited on 7/22/23 at 2:08 am
Posted by PaulBurbank007
Member since Nov 2013
821 posts
Posted on 7/22/23 at 2:18 am to
Man give me that 38 foot cigarette top gun with 1400hp and some nasty naked women.
Posted by CaptainsWafer
TD Platinum Member
Member since Feb 2006
59214 posts
Posted on 7/22/23 at 3:12 am to
quote:

What kind of boat is going for north of $100k?


A lot of them.
This post was edited on 7/22/23 at 3:14 am
Posted by HooDooWitch
TD Bronze member
Member since Sep 2009
11249 posts
Posted on 7/22/23 at 3:56 am to
But look at the sparkly paint and the pimped out wheel wells on the trailer!
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
30072 posts
Posted on 7/22/23 at 5:29 am to
quote:

Can’t imagine laying down six figures for that. I guess people are paying that for Range Rovers. But at least the RR is something you use every day.


Just to blow your mind you can spend over $250,000 on a Range Rover SV...

But it has about 2.5 times the HP of the boat in the OP so I guess that makes sense the price is about 2.5 times, yes?
Posted by KLSU
Baton Rouge
Member since Sep 2003
11080 posts
Posted on 7/22/23 at 5:35 am to
quote:

What's more outrageous is 100k for a bass boat.


Especially when in South La the guy with the 18’ gator tail with surface drive motor can catch more fish.
Posted by latech15
Member since Aug 2015
1291 posts
Posted on 7/22/23 at 5:45 am to
Those new icon bass boats that wheeler is pushing are around $140k tournament ready.

You should always borrow as much as you can, for as long as you can, and pay it off as early as you can. Most people just miss that last part.
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