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  1. #11
    Join Date
    Mar 2014
    Location
    Park City, Utah
    Posts
    1,291

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    Quote Originally Posted by dakota4ce View Post
    I’m with you.


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    20 year loan doesn't bother me as I don't keep my boats long enough for it to matter. 100k at 3.5% for 20 years = Cheap summer time fun for my family.
    2017 Centurion Ri237
    2013 Supra SA450 - Sold
    2006 Mobius LSV - Sold
    2004 Stingray 190LS - Sold
    2016 Nissan Titan XD - Tow Rig

  2. #12
    Join Date
    Mar 2010
    Location
    Arkansas
    Posts
    3,952

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    Quote Originally Posted by zabooda View Post
    Not doing much for us Active. Don't turn your masterpiece into Spam. Yum, I love Spam. Sales and Information is a great place for it.
    Agreed.

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    2016 Moomba Mojo
    2006 Supra 24SSV - Traded

  3. #13
    Join Date
    Aug 2017
    Posts
    1,008

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    Quote Originally Posted by sivs1 View Post
    20 year loan doesn't bother me as I don't keep my boats long enough for it to matter. 100k at 3.5% for 20 years = Cheap summer time fun for my family.
    That works for a lot of people. Just not a philosophy I can get used to. Not even sure why




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  4. #14
    Join Date
    Dec 2015
    Location
    north texas
    Posts
    957

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    S&P returned like 11.5% from 1973 to last year. I am cool with a little interest because I am making a lot more than that in my portfolio not having my money in a losing value liability.


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    2016 Supra SE

  5. #15
    Join Date
    Aug 2017
    Posts
    1,008

    Default 2018 Moomba Max at an affordable price

    True. Thatís remarkable youíve been investing since 1973.

    Youíre renting it. That is basically the 20 year loan trade every couple year plan.

    Nothing wrong with that! This year we are all making a lot more than 5.25% on the money, for sure. Some years, not so much.

    But itís not a house, the interest isnít deductible, so itís really not the total no brainer that some loans are.

    It doesnít matter really. No right way, no wrong way. Actually boat dealers arenít super keen on cash purchase people. They wanna finance that pig!


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    Last edited by dakota4ce; 11-18-2017 at 10:20 PM.

  6. #16
    Join Date
    Aug 2017
    Posts
    1,008

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    Quote Originally Posted by sivs1 View Post
    20 year loan doesn't bother me as I don't keep my boats long enough for it to matter. 100k at 3.5% for 20 years = Cheap summer time fun for my family.
    3.5% a cheap! The OP is 5.25%.


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  7. #17
    Join Date
    Apr 2012
    Posts
    173

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    Quote Originally Posted by russellsmojo View Post
    S&P returned like 11.5% from 1973 to last year. I am cool with a little interest because I am making a lot more than that in my portfolio not having my money in a losing value liability.


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    That's good that you have other investments and understand the interest. However, with the price of these boats and the low interest rates and long term loans, it looks similar to the housing bubble of the 2000's.

  8. #18
    Join Date
    Aug 2017
    Posts
    1,008

    Default 2018 Moomba Max at an affordable price

    Quote Originally Posted by mgswake View Post
    That's good that you have other investments and understand the interest. However, with the price of these boats and the low interest rates and long term loans, it looks similar to the housing bubble of the 2000's.
    Excellent point. Economy takes a crap, you owe 90k on a boat thatís sale-able for 75k and you spent 36 months paying $500 a month for it. Then Itís not so attractive.

    But as long as we are partying in the crazy current market economy, it works.

    Itís never wrong to buy something outright. Good years, bad years, whatever.


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  9. #19
    Join Date
    Aug 2017
    Posts
    1,008

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    I bought a 2006 Tige from a guy a couple years back. I paid 37k, he still owed roughly 45K on it. And, didnít have the money. He tried to arrange a short sale with his lender and took FOREVER to get the title to me. I was utterly dumbfounded.

    Hazardous loan product for some folks.


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  10. #20
    Join Date
    Jun 2010
    Location
    Benton, LA
    Posts
    198

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    I love the new boats with all the surf gadgets. Iím envious of all these new boat pics I see.

    I love that my 07 has been paid off for 6 years more though. I put a little money into it here and there (working on reveribles project right now and new tower speakers in the spring).

    I will never knock someone for spending their money how they want but I personally could not fathom carrying a boat payment through my entire adult life. To each their own.


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    2007 XLV Gravity Games Edition
    340HP CAT/ETX
    ACME 1235 / Fresh Air Exhaust
    1180 Front, 1100s Rear, 400 under Surf Side Seat, Homemade Suckgate, Custom Surf Platform
    Slingshot Hooke, Doomswell Neo, Phase 5 Hammerhead, Parker Surfcraft Phantom

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