Originally Posted by
sicktc06
I'm 25, bought my boat back when I was 21. It was the hardest choice I made but I went Moomba because that's what I my price range would allow me to do. I financed my boat because I thought exactly as above, I have wanted a boat since I was 10 or so and my father and I always dreamed about having one. Well unfortunately, that never happened. So, I chased a dream I had and decided to heck with it. I could afford a monthly payment, so why not go after it. I will admit that it was the best choice I've made. At times, the worst. LOL! I have had so much fun and memories made on my boat that I could not even begin to imagine where my life would be without it.
Yes I had those folks who ragged on me and think my parents buy everything for me, but that is absolutely not the case. My boat was purchased on my own, by myself, and by choices I made.
Now with that said, I was just recently in the market to trade my boat in for a Supra. (I backed out of that deal due to buying a house this year, but thats another story) But I took everything into consideration. My boat currently can sell for maybe a couple grand more than what i owe. Next year may be a different story due to the hours on it, it was over 400 hours on it and was brand new when I got it. It's been taken care of, everything, so I know it's a good boat. However, I may have a harder time selling it next year due to the hours it has.
I was going to go with the 20 year loan for a Supra as the payments would be not much more than what I currently pay, and I was OK with this term due to two main reasons:
1. Exactly as said, you only live once. Get a boat you dream about.
2. I will not have this boat the entire term. maybe 5 to 6 years of it, possibly a tad more, but thats it.
That's my two cents and I am one of the "Younger" folks having a boat, so I had to pop in. :p :) :D