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  1. #21
    Join Date
    Dec 2015
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    north texas
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    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.
    Then you liquidate investments and pay for the boat? As long as you donít spend more on the boat than you have I donít see the problem.

    OP may be a millionaire and understand that owning a depreciating asset might not be the best idea....


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  2. #22
    Join Date
    Dec 2015
    Location
    north texas
    Posts
    957

    Default 2018 Moomba Max at an affordable price

    Quote Originally Posted by dakota4ce View Post
    True. Thatís remarkable youíve been investing since


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    That would be real hard since born in 77!


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  3. #23
    Join Date
    Aug 2017
    Posts
    1,005

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    Quote Originally Posted by russellsmojo View Post
    Then you liquidate investments and pay for the boat? As long as you donít spend more on the boat than you have I donít see the problem.

    OP may be a millionaire and understand that owning a depreciating asset might not be the best idea....


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    Typically in a situation where this would occur your investments area taking a bath too....


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  4. #24
    Join Date
    Aug 2017
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    Quote Originally Posted by russellsmojo View Post
    That would be real hard since born in 77!


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    It was a joke, silly!

    Lots of people talk about 40 year SP return like itís a given and they have been expertly raking in double digit returns for decades. The reality is that investing is far from that ďsafeĒ and the real returns over the long term for the average investor are typically a good chunk lower than that due to lots of circumstances; life based, decision based, economy based.

    20 year boat loans are basically never a good idea. BUT, they are often the only way to get out of control boat prices off the table and still get new boats into the hands regular folks.

    But the 2006 Tige example above was real. Poor sap had payed for years and was upside down big time.




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  5. #25
    Join Date
    Aug 2017
    Posts
    1,005

    Default 2018 Moomba Max at an affordable price

    OP may be a millionaire and understand that owning a depreciating asset might not be the best idea....


    The OP is a boat store pitching a 20 year boat loan.....🤷*♂️

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  6. #26
    Join Date
    Dec 2015
    Location
    north texas
    Posts
    957

    Default 2018 Moomba Max at an affordable price

    We have probably hijacked the dealers sale ad long enough. Haha




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  7. #27
    Join Date
    Aug 2017
    Posts
    1,005

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    Itís ok. It wasnít a thread, it was kind of a misplaced ad anyway, as some have pointed out.


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  8. #28
    Join Date
    Aug 2008
    Location
    Hilliard, Ohio
    Posts
    793

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    I've always done long 10 to 20 year loans on new boats. We trade or sell every couple of years and it works. The key is don't over pay and put enough down if the issue arrives you can sell if up need.

  9. #29
    Join Date
    Mar 2010
    Location
    Arkansas
    Posts
    3,952

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    Dang, this spam thread is still up. Mods asleep at the wheel again.

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    2016 Moomba Mojo
    2006 Supra 24SSV - Traded

  10. #30
    Join Date
    Apr 2012
    Posts
    172

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    Quote Originally Posted by KG's Supra24 View Post
    Dang, this spam thread is still up. Mods asleep at the wheel again.

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    Considering it was spam/advertising misplaced ad, there sure was a lot of discussion. What is the record on here for longest spam thread/most responses. I would assume most of them get deleted rather quickly and don't make it this long. Maybe everyone is just getting offseason blues and wants something to discuss in their free time.

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