How many of you own your boat?

Raystownboater

Chief Petty Officer
Joined
May 16, 2010
Messages
507
Re: How many of you own your boat?

Own it, but if I want my dream boat, it would have to be financed. :)
 

Raystownboater

Chief Petty Officer
Joined
May 16, 2010
Messages
507
Re: How many of you own your boat?

I'm a loaner....
Boat motor and trailer for 200 bucks.

Paid 100 up front...then give a dollar a month for 100 months.
Only 86 left!

How come I cant fall into one of those deals. Ha Ha Ha
 

SigSaurP229

Commander
Joined
Oct 1, 2008
Messages
2,123
Re: How many of you own your boat?

It ain't pretty she is not the most shiny and new, I have a lot of blood sweat and tears in her but she IS mine. Its paid for free and clear.

I once went to Bass Pro and Priced and looked at their monthly payment plan. On a new bass boat $365 per month for 120 months $43,800, cash price on the boat $21560 you have paid for the boat twice.

No Bass boat is worth double what it costs.
 

carbineone

Petty Officer 1st Class
Joined
Feb 11, 2010
Messages
268
Re: How many of you own your boat?

Owned the little GW Invader in my avitar for 20 years..Paid 60.00 dollars for it but did have to borrow the money to pay for it.Still have a couple payments to go,LOL
 

infideltarget

Master Chief Petty Officer
Joined
Aug 30, 2010
Messages
802
Re: How many of you own your boat?

Own it. And the ones before it. Owned one brand new one...but I won it. :D Own both Mustangs. Own the travel trailer. House half paid for in two years. Had the wife's vehicle paid for...but...now we owe for her Expedition. Everything else is cash...which results in a low FICO! :mad:
 

V153

Lieutenant Commander
Joined
Apr 16, 2011
Messages
1,764
Re: How many of you own your boat?

Guess I own it but I reckon ya never really own anything. Even if you're not making payments on a boat yer still gonna wind up spending a bunch of money on it? For what it's worth I gotta 'bout 4K into this little pig. But I couldn't be happier.
 

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kilowatts

Petty Officer 1st Class
Joined
Apr 3, 2009
Messages
299
Re: How many of you own your boat?

Hi Guys:

I own everything except for 1 vehicle which I change as often as the taxman lets me. Business write off. If I could I'd write off everything but the taxman would be annoyed!

kilowatts
 

partskenn

Petty Officer 1st Class
Joined
Jan 23, 2011
Messages
249
Re: How many of you own your boat?

Own it. Was financed, but paid it off years ago.
 

Jeep Man

Commander
Joined
Oct 17, 2008
Messages
2,803
Re: How many of you own your boat?

Boat #1---own it
Boat #2---own it
Jeep CJ---own it

I don't borrow for toys
 

JimS123

Fleet Admiral
Joined
Jul 27, 2007
Messages
8,154
Re: How many of you own your boat?

Grandpa went thru the Great Depression. Never lost his job, though, and fared very well. His philosophy was never borrow money on something you don't need, never borrow money on something that depreciates, and never get into the stock market. He died quite wealthy, so I've followed those principles.

Never bought a car on time and the only money I ever borrowed was on a mortgage. My other monthly payment is to a Credit Union, which accumulates car money AHEAD of time.

I didn't tell him this, but I DID borrow for the boat I bought in 1984. I had just cashed in a CD and was going to use the proceeds to buy the boat. But, the dealer said he could get me 12% financing on a new boat. So, I paid the minimum down payment, and reinvested the money in a CD at 14% interest. When it came due, the interest rate had dropped to 11%, so the boat loan was paid off in full early.
 

H20Rat

Vice Admiral
Joined
Mar 8, 2009
Messages
5,203
Re: How many of you own your boat?

owned all my boats (and jet skis, and snowmobiles, etc...) ... I will never take out a loan for a toy, period!
 
Joined
Aug 4, 2010
Messages
61
Re: How many of you own your boat?

Own it. However I know a couple guys with loans and they seem to spend more money on repairs then I do. Maybe it's because I do it all myself and they use the "warranty".
 

Joshua Nichols

Lieutenant
Joined
Jun 29, 2009
Messages
1,431
Re: How many of you own your boat?

Wow lots of folks own... Own mine too( Gave the man 10 100 dollar bills).. All 3 cars are paid for.. House doesn't have a note other than those dang property taxes..

I would like a newer boat, but am afraid that it will have to be semi used... 30k just isn't in the budget for a new tub..
 

infideltarget

Master Chief Petty Officer
Joined
Aug 30, 2010
Messages
802
Re: How many of you own your boat?

Wow lots of folks own... Own mine too( Gave the man 10 100 dollar bills).. All 3 cars are paid for.. House doesn't have a note other than those dang property taxes..

I would like a newer boat, but am afraid that it will have to be semi used... 30k just isn't in the budget for a new tub..

Yeah but...we own these ol' POS OMCs, so we would have to pay someone to take 'em away. Might as well keep 'em! ;)
 

Joshua Nichols

Lieutenant
Joined
Jun 29, 2009
Messages
1,431
Re: How many of you own your boat?

Yeah but...we own these ol' POS OMCs, so we would have to pay someone to take 'em away. Might as well keep 'em! ;)

IDK... Fired mine up in the drive way and sat behind the wheel and went varoom varoom.(can't get on the lake..Too windy and looks like rain).. Still runs.. It's in a great boat design.. Could be worse..

BTW painted mine metallic charcoal gray... Looks pretty slick for a ol POS Cobra

Shoulda added a poll to this thread
 

1980Coronado

Senior Chief Petty Officer
Joined
Oct 8, 2010
Messages
699
Re: How many of you own your boat?

Own both.....I never borrow for toys! If I can't pay cash for toys I can't afford them.
 

produceguy

Lieutenant Junior Grade
Joined
Sep 30, 2010
Messages
1,243
Re: How many of you own your boat?

P1010571.jpg


Own it.
 
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