2018 Moomba Max at an affordable price

[russellsmojo]

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 don’t spend more on the boat than you have I don’t 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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[russellsmojo]

True. That’s remarkable you’ve been investing since


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That would be real hard since born in 77!


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[dakota4ce]

Then you liquidate investments and pay for the boat? As long as you don’t spend more on the boat than you have I don’t 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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[dakota4ce]

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 it’s a given and they have been expertly raking in double digit returns for decades. The reality is that investing is far from that “safe” 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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[dakota4ce]

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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[russellsmojo]

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




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[dakota4ce]

It’s ok. It wasn’t a thread, it was kind of a misplaced ad anyway, as some have pointed out.


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[patrick232]

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.

[KG's Supra24]

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

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[mgswake]

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.