How many of you own your boat?

[5150abf]

Last time I went fishing this question popped into my head and made me curious.

How many of you guys actually hold paper to your boat and how many have loans, I am thinking it will work out to about 70% loan and 30% own.

I am in the owner group, got my '80 16' Sea Nymph with an '81 50 evinrude for $1750 probably 9 years ago and paid cash for it.

I work for a boat company so getting parts isn't hard and I have rebuilt it twice now in 9 years,the first time was in weekend bits, the last it was stripped to the keel and rebuilt and I repainted it the next year so all but the hull and engine are no more than 3 years old.

Just curious.

 

[ezmobee]

Re: How many of you own your boat?

70% loan and 30% own.

On this site? No way. Flip it and you MAY be close. My guess would be more like 10-20% financed. (owner here)

 

[mike-the-cobra]

Re: How many of you own your boat?

Own it

 

[RotaryRacer]

Re: How many of you own your boat?

I own both.

 

[douglas1978]

Re: How many of you own your boat?

i own mine will never take out a loan for a boat

 

[Edko]

Re: How many of you own your boat?

On this site? No way. Flip it and you MAY be close. My guess would be more like 10-20% financed. (owner here)

Bingo. The only thing that gets trolled more than fish around here is Craigslist

I own both of mine and my brother owns his. Cannot imagine having a big loan on a boat. Never say never, but...not yet!

 

[Beefer]

Re: How many of you own your boat?

Own. Financing of anything but a house doesn't happen in my family. Especially no financing of toys!

 

[lncoop]

Re: How many of you own your boat?

Free and clear. Don't believe in financing toys. That said, I do owe the man for the house, partial balance on one of the vehicles, etc.

 

[roozter2550]

Re: How many of you own your boat?

owner here.

I saved up to buy the truck and saved up to buy the boat, (plus proceeds from selling my last boat)...

 

[nlain]

Re: How many of you own your boat?

Own mine, it was financed, but paid it off.

 

[ziggy]

Re: How many of you own your boat?

yep, own mine too..
got two buddys with boats. one has a note on his (a brand new boat last year), but think he's paying it down pretty fast..

 

[2000silvers2k]

Re: How many of you own your boat?

another owner here

 

[lime4x4]

Re: How many of you own your boat?

own all of them

 

[pmillar]

Re: How many of you own your boat?

At this point I'm thinking the "owners" may have scared off the "loaners" I only own one boat (Crestliner Sportfish 1750) but I have 3 motorcycles - all paid for.

I do have a loan on my tow vehicle though.

 

[Bondo]

Re: How many of you own your boat?

Ayuh,... I buy old Classic junk, 'n rebuild/ refit 'em with Cash...

Never financed a boat in my life, 'n don't intend too...

 

[Fireman431]

Re: How many of you own your boat?

Own it.

 

[EMC 1810SS]

Re: How many of you own your boat?

I had a loan on my boat, but its paid for now. I paid Cash for my tow vehicle.

 

[reel clownz]

Re: How many of you own your boat?

i own one and owe 5k on another. I own my 2009 starcraft 16'4 pro camp with a 2009 merc 20 hp. But when i bought my 2000 trophy 2352 hardtop. i wasnt looking for a new to me boat. I had half the money saved to get a new to me boat. But i couldnt pass the price up. So i borrowed the other 5k. Its paid off in a year.

 

[lprizman]

Re: How many of you own your boat?

"straight cash homie"
own mine

 

[Bluepike]

Re: How many of you own your boat?

It seems that the marina, the parts store, the fuel dock guy, and the taxman own mine. I just keep paying them. All I bought was the title and paid cash.