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Started By
Message
re: Financing Used Boat vs. New Boat
Posted on 3/6/20 at 10:30 am to Homey the Clown
Posted on 3/6/20 at 10:30 am to Homey the Clown
quote:
I couldn't disagree more! Granted, I didn't have to borrow much, but the positive of simply having a boat to go fishing whenever and where ever I want much outweighs the negative of paying a $114 note every month for 3 years...
I would do it again in a heart beat.
While mine is a bit more, I agree.
1
Posted on 3/6/20 at 10:30 am to WhoDat_9
Finance vs not - I see it as, if you can afford the note and the boat will bring you happiness, go for it. It’s a big difference to afford a note vs saving x thousands of $$$$.
If you can get a good boat for $10k do it. I got mine for $10k after looking for two years. I was going to finance for more but this one came along. After all my looking, I found that a good $10k boat is hard to come by. Most are giant pieces of shite for $5k or less or better but $15k or more. The $10k gems pop up rarely and sell fast.
I prefer a well maintained used over new. I don’t know anyone who has ever purchased a new boat and didn’t have a host of issues. A well kept used with an attentive owner will have all that shite worked out.
Of course, it still has shite constantly randomly stopping working just from sitting in the driveway. Goddamn boats.
If you can get a good boat for $10k do it. I got mine for $10k after looking for two years. I was going to finance for more but this one came along. After all my looking, I found that a good $10k boat is hard to come by. Most are giant pieces of shite for $5k or less or better but $15k or more. The $10k gems pop up rarely and sell fast.
I prefer a well maintained used over new. I don’t know anyone who has ever purchased a new boat and didn’t have a host of issues. A well kept used with an attentive owner will have all that shite worked out.
Of course, it still has shite constantly randomly stopping working just from sitting in the driveway. Goddamn boats.
Posted on 3/6/20 at 10:36 am to BrotherEsau
quote:
Goddamn boats.
quote:
BrotherEsau
pastor?
Posted on 3/6/20 at 10:50 am to Janky
quote:
While mine is a bit more, I agree.
Yeah, but yours is also A LOT more boat
Posted on 3/6/20 at 10:52 am to Homey the Clown
quote:
Yeah, but yours is also A LOT more boat
They are all the same size out of the water.
Posted on 3/6/20 at 10:59 am to Janky
quote:
They are all the same size out of the water.
I don't know if i understand this comment
Posted on 3/6/20 at 11:13 am to Homey the Clown
I mean they are all worthless if you can’t use them.
Posted on 3/6/20 at 11:23 am to Janky
Ahhhh, makes sense. Sorry, I'm simple in the head.
Posted on 3/6/20 at 12:04 pm to WhoDat_9
Get a new 80k dollar bass boat at 20 year financing 3.9% interest.
Your payments will be similar as the 25k loan for 5-6 years and you’ll have a badass new boat baw!
Your payments will be similar as the 25k loan for 5-6 years and you’ll have a badass new boat baw!
Posted on 3/6/20 at 12:11 pm to WhoDat_9
I’d spend more than that. You only YOLO once baw
Posted on 3/6/20 at 3:07 pm to WhoDat_9
a new boat isnt a problem, but with a used boat its done as a no collateral personal loan at much higher rates because they assume the boat isnt going to cover the loan if they have to repossess it and sell it
also
$25-$30k for a used boat? you can get a brand new aluminum bass boat for less then that
also
$25-$30k for a used boat? you can get a brand new aluminum bass boat for less then thatThis post was edited on 3/6/20 at 3:10 pm
Posted on 3/6/20 at 5:39 pm to Wtodd
quote:
Home equity line of credit is the answer
And, of course. That money was used for home repairs and such on the home.
Posted on 3/7/20 at 11:25 am to mdomingue
Interest rates are low now. Finnance if you want a boat. Just make sure you really can afford the note and its not gonna stretch your finnances.
I was quoted rates on a used boat priced at $35k with about 5k down 6 months ago and got rates in the 4% range. Talked to lots of people and got best quote from wings financial. it was based on using the boat as collateral.
I was quoted rates on a used boat priced at $35k with about 5k down 6 months ago and got rates in the 4% range. Talked to lots of people and got best quote from wings financial. it was based on using the boat as collateral.
Posted on 3/7/20 at 1:34 pm to nerd guy
What kind of daycare costs $10k for 9 months?
Posted on 3/7/20 at 1:56 pm to armsdealer
quote:
What kind of daycare costs $10k for 9 months?
A slightly above average one.
Posted on 3/7/20 at 3:06 pm to Grassy1
quote:
pastor
Nah just a dead head
This post was edited on 3/7/20 at 3:08 pm
Posted on 3/7/20 at 3:10 pm to armsdealer
quote:
What kind of daycare costs $10k for 9 months?
A lot of them. Day care rates are up there.
Posted on 3/8/20 at 11:58 am to Saskwatch
Only advice I would give with a boat is do not get a boat that is right at the ceiling of what you want to pay.
It's not if something will break its when. Make sure you have extra money to fix it.
It's not if something will break its when. Make sure you have extra money to fix it.
Posted on 3/8/20 at 1:29 pm to AutoYes_Clown
quote:
slightly above average one.
This. Between two kids we spend 30k a year in daycare. The older they get the cheaper it gets. But not by much.
Posted on 3/9/20 at 1:27 pm to DownshiftAndFloorIt
quote:
I have a big arse boat that I otherwise wouldn't have.
If I'm making a financially stupid decision I'm taking down my loan officer with me.
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