How many of you own your boat?

[rrhodes]

Re: How many of you own your boat?

Both.. I have a loan but the state sent the titles to me with no lien holder listed...... of course if I don't make the payments I am sure the bank would be calling me....

 

[CobiaXL]

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...

Right on,my same motto...
I have title for boat and trailer in my possession.
Cash talks

 

[jasperboy]

Re: How many of you own your boat?

Own it, along with all other toys, cars, etc... Still paying on the house, but we've been here 8 years and should have the 30 year note paid by the time we reach 15 years. Have a friend who leases cars, has two mortgages and is maxed out on numerous credit cards...don't know how he sleeps at night, but I sleep like a baby.

 

[King James]

Re: How many of you own your boat?

own them all

 

[MRS]

Re: How many of you own your boat?

Got 3 all paid for last one paid 1,500 for put 1,500 in it best one I could wish for.... It is a omc but love it.....

 

[bignefan]

Re: How many of you own your boat?

I paid for it, wife thinks she owns it

 

[Uncork-n-Unwind]

Re: How many of you own your boat?

I own it.. but only when it needs something that costs money.

The wife and I own it when she runs well and doesn't need gas.

 

[JCMINIS]

Re: How many of you own your boat?

Paper holder here !

The 2011 CTD 3500.......not so much..couple of years though...

 

[infideltarget]

Re: How many of you own your boat?

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

Mine goes to the shop next week...have some vroom vroom after that! Good thing I own it...that ain't gonna' be cheap!

 

[scutly]

Re: How many of you own your boat?

she pretty much owns me.

 

[mcgyver210]

Re: How many of you own your boat?

We ALL own our boats. At least all of us who have the boat's title/registration in our names own them. Doesn't matter if you used your own money, or used someone elses to purchase, that's a seperate transaction. Even if you financed 100% of the purchase price YOU still own the boat. Don't believe me? Next time the boat needs service, gas, or you need to pay insurance, licenses, slip rent, or whatever, who pays? YOU DO. Why? Cause it's your boat- you own it. The finance company doesn't. Ask them to pay for all the stuff I just listed. The only way they can own the boat is to reposess it.
Also, there is absolutely nothing wrong with financing things like toys. As long as you can afford the payments.
That said, I don't owe for any loans that are secured by my boat.

Sorry to disagree with you but you don't truly own whatever it is you financed. Until the last payment is made it can & will be taken away by what ever means they see fit no matter what you have paid. Also the way the Banks do things you wont even get any money back after a sale because they will charge you enough fees so that no equity would exist so what did you really own.

Banks are not our friends just ask anyone that lost their financed property because of a financial setback for whatever reason. Also if you just look at the word IMO Reposes actually means you don't own it but the lean holder does. Also why as we recently did with a very large business purchase celebrate it being paid off. Answer = We felt it was finally our property.



Oh & I do own my boat with no leans.

 

[cribber]

Re: How many of you own your boat?

Well I own it but I loaned myself the money and finally paid it all back.

 

[Flysfloatsor]

Re: How many of you own your boat?

I think the majority of people posting on this site own their boats and are pretty into boating, so they know financing a boat is a great investment.

I think theres alot of casual boaters out there that thought getting a boat would be fun, and are now upside down in the financing.

 

[Friscoboater]

Re: How many of you own your boat?

I own both.

 

[LippCJ7]

Re: How many of you own your boat?

I own both.

He doesn't just own both he builds them too!!!!!

 

[jokaf]

Re: How many of you own your boat?

Own mine and saved up as many of the others have. Just bought it, and learning the art of boating. Would not have done it any other way

 

[TJDave]

Re: How many of you own your boat?

Another one for the "own it" column. I have never financed a boat. That being said, I have never owned a brand new one.

 

[infideltarget]

Re: How many of you own your boat?

Own mine and saved up as many of the others have. Just bought it, and learning the art of boating. Would not have done it any other way

Welcome! Both to boating and to iboats!

 

[SDSeville]

Re: How many of you own your boat?

Own it. Had a newer one with a loan. Got tired of the payments and dumped it. Bought an older one for cash and fixed it up with the help of everyone on this site.

 

[jayhanig]

Re: How many of you own your boat?

I own all of my vehicles. My house is paid for as well.