What do you give up to own a boat?

Barlow

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Re: What do you give up to own a boat?

Originally posted by snapperbait:<br /> Chris.. From the wakeboard perspective, Old Nautiques (70's thru late 80's) throw better wakes anyway!... :D
;) Amen! <br /><br />..tough to find but, another would be the M.C.'s of that late era too!<br /><br />plenty of options w/o the $40,000 price tag and $300mo payment!
 

SS MAYFLOAT

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Re: What do you give up to own a boat?

I'm like the rest that has replied. I have never bought a boat on credit. It costs enough to just operate them.<br /><br />I too started out with a 12 steel rowboat (original Mayfloat) then a 14' Larson runabout, then a 20'Stingray, and now I have a 27' Bayliner Victoria. Then before winter I just aquired a 17'Vision VIP without any running gear for a small debt that was owed to me.<br /><br />What I gave up is the luxery of using the thermostat on my furnace for heat. In the trade off, I cut/split/stack/burn wood so I don't have to by oil for the furnace. Its a lot of work, but the savings in heating oil lets me buy the things I need to keep my boats up.<br /><br />With what I have now, rain or shine I spend every weekend on my boat. Kids are grown, but they love to come and spend a weekend or two with my wife and I on the boat during the summer months.<br /><br />If we want to go tubing/sking we will rent a boat from the marina. I found that it is cheaper to rent. The rent would equal about two monthly payments. That was a no brainer for me to figure out.
 

jtexas

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Re: What do you give up to own a boat?

Those "select" leagues & "travel" leagues can be more of a status symbol for parents sometimes. Not saying that's the case across the board, just make sure the kids really appreciate & enjoy that level of competition. Or have a shot at scholarships. At any rate I admire your willingness to make big sacrifices for your kids' happiness & well-being.<br /><br />We were pretty poor when we got married; we wife agreed I could get a bass boat when we'd saved enough to pay cash. Nineteen years later I finally got my 25-year-old boat - a gift from Dad. We're not poor anymore not rich, either, but like you lots of family committments & other "life happens" kind of stuff.<br /><br />What I'm saying is, if boating is as much a passion as it looks like from your picture, don't, DON'T, DON'T give it up! <br /><br />If you can tolerate down-sizing or down-grading to an older boat, then do it. If you can't, well, try meditation or something, just do it. Maybe you'll find that restoring an old boat will satisfy your passion for a while. <br /><br />If you get any cash out of the sale, get the replacement boat right away. If you wait, that money will just evaporate and you may never discover where it went.<br /><br />If you don't get any cash, well, have a garage sale, take a second job for a while, do something, but the longer you wait, the more likely you are to experience major regrets down the road.<br /><br />My dad always wanted a fishing boat, his whole life. He bought a small outboard so we could fish out of rented boats from time to time. Finally, when he was 72, he figured out that he had $2000 & was old enough to buy a boat if he wanted. Two years later he found he didn't quite have enough mobility to get much use from it, which is why I have it now. He seriously regrets not buying a boat sooner. <br /><br />Moral of the story: don't let this happen to you, life's too short!<br /><br />p.s. if you ask advice from non-boaters they may say "the boat's a luxury, just give it up," or some such nonsense. They just don't understand. What you have here on this forum is proof that you are not unreasonable. Plenty of otherwise reasonable, rational, sane, family-loving, patriotic Americans (Canadians, Australians, Brits, Dutch, South Africans, New Zealanders, hope I didn't leave anybody out) are just as passionate about their boats as you. You are not alone!
 

NCOffSeason

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Re: What do you give up to own a boat?

Great advice. I've read every reply and i can identify with all of them... but I'm just getting more torn up about this whole deal. The sale of the BU is a done deal (if i go through with it), we're just waiting for the water test.<br /><br />I was thinking of buying a small pop up camper with the cash.<br /><br />But...we love the skiing, tubing, swimming so much.<br /><br />I found a 2001 Bayliner Capri for 9K. One owner, garaged, I like the colors/options...as good as a used Bayliner gets. This is no BU, but it will pull the kids on the tubes and my wif on the wakeboard. I know it will last because I take care of my toys, and this will fit in my one car garage (the BU would not).<br /><br />I'll still have a payment, but less then half. <br /><br />I've had an I/O so I know what to expect.<br /><br />What do you think?
 

Osprey

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Re: What do you give up to own a boat?

A few thoughts:<br /><br />If you are worried about the payments each month, isn't this taking a lot away from your overall enjoyment?<br /><br />There is nothing harder on a boat than leaving it sitting on a trailer unused. If you really don't have the time to use it, sell now for maximum return on what you have invested. Then buy a new rig when you really have the time to enjoy it.<br /><br />From past experience, having a boat that will go in the garage offers big benefits. No sun / weather damage issues. The boat can be kept prepped and ready to roll when you do have a few hours for boating. No storage expense, ease of maintenance, etc, etc.<br /><br />I had always wanted a 21' Grady White, but at 50K plus new it just didn't seem to make sense. Kept my eye open for over a year but eventually found a 95 that had sat open/unused for three years. Purchased it for 17K spent a lot of hours doing all my own rework/maintenance. I now have a great boat that I know inside and out and the best part its paid for.
 

JasonB

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Re: What do you give up to own a boat?

If you can pay cash for it and that is what you want, buy away.<br /><br />My wife and I are radical enough that both boats are paid for, as well as our 3 vehicles. Our last house was paid for 6mos before we sold it. We do it so she can stay home with our daughter. With no payments, lots of things are possible. Some of the cash we save from no payments is for me to tinker with the boats with :) Our old boats are just as much fun as a new one would be.
 

JRJ

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Re: What do you give up to own a boat?

Chris, good idea :) Win/Win
 

jtexas

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Re: What do you give up to own a boat?

If $300 is killing you, then $150 will just hurt really, really bad. Bet you can find one every bit as serviceable for $4k or less.<br /><br />just a thought. :) <br /><br /><br />Oh, and who needs a camper? My family loves tent camping, we go couple times a year sometimes for 5 or 6 days at a time. $100 for tent, toss it in the boat and away we go.
 

NCOffSeason

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Re: What do you give up to own a boat?

I'm going to look at a used pop up tonight. I can pay cash which = no payment. I figure I can rent a boat a few times a year for those perfect weather days and we can still enjoy the water? Our favorite campground just happens to have a nice marina.<br /><br />I'll let you guys know...
 

garycinn

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Re: What do you give up to own a boat?

What do you give up to own a boat?<br /><br />Stress, tension, bad attitute towards life, regret that I can't get out on the water.<br /><br />I figure I can make boat payments and enjoy the stress relief of being out on the water with my family, or I can pay a shrink so he can make his boat payments.<br /><br />I have a very hard time thinking about projects at work, demands of life, or whether or not the market is going south again when I'm on the water. What a great way to get a fresh perspective on life.<br /><br />That said, only you can decide what gives you that fresh outlook, that escape.<br /><br />For me it was the water, and the only way to afford it was to go used on tow vehicle and boat. I have less in the two than I could get either one new.
 

pine island fred

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Re: What do you give up to own a boat?

By all means have a boat. Children will forget the ball games but will never forget the time with dad in the boat. Does not have to be anything big, just something to be out there with them. Sometimes i hear a country song something about DADDY LET ME DRIVE, lot of truth there. You will be surprised what they forget and remember. fred
 

Bondo

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Re: What do you give up to own a boat?

By all means have a boat. Children will forget the ball games but will never forget the time with dad in the boat.
Boy O Boy,........... There's a Mouthful of Truth.........<br /><br />I can remember 1 baseball game,....... The 1 I caught a Line-Drive, with My Mouth.......<br /><br />But,...... I remember Everytime Dad & I went fishing in his old 16' wood,+ canvas boat with the 5 1/2hp Johnson motor.......
 

Barlow

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Re: What do you give up to own a boat?

same here ... played sports from the age of 4 through college. only remember a few of those days.. never talk about 'em for sure!<br /><br />but, boating and fishing.. thats a different story!<br /><br />memories on the water far out weigh those of school day athletics!!
 

swist

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Re: What do you give up to own a boat?

I'm in a situation where it is only my 16 yr old son who enjoys the boat with me. My wife could care less. My daughter is in college ($$$$) and wouldn't be caught dead doing anything with her parents.<br /><br />The obvious answer to the financial squeeze was to downsize the boat - but I've had no luck - it is 11 yrs old and unless I want a pile of junk with problems (last thing I need with such limited boating time anyway), downsizing in many of the cases I looked at will either save very little, or even cost more.<br /><br />One thing they will always tell you is that it is very difficult to justify the cost of a boat on strictly rational terms. If you add up all the costs and divide by the number of trips, you could probably easily do better by going on fishing charters, or local tour boats, or renting occasionally, but it's not the same thing - I don't need to tell anyone here that.<br /><br />I've always felt guilty about the money I've poured into a hole in the water, but after busting my *** at 2 jobs all year, what it does to rejuvinate me, and allow me to spent time with my son, Summers would just not be the same without some kind of decent (i.e. reliable) boat.
 

f_inscreenname

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Re: What do you give up to own a boat?

As a kid I was poor. Always looked at cool boats and wished they were mine as they screamed past my flat bottom plywood boat. When I grew up I then realized how much new, cool boats cost but ....... The boats I looked at as a kid were now older boats and a lot cheaper to buy so that is what I did. Now that I am in a place in my life that I could go buy about any boat I wanted, I choose not to. Why? It is not worth to me to pay for something (for a lot of money) that the value drops like a stone year after year. I guess it in my nature. I buy houses that are handy man specials and boats that are the same way. If I put that kind of money into something I want it back some day and you cant get it out of a 5 year old boat. The only thing like that I will buy new is my car. With the kids they have to be perfect (new) and even with the warrantees on them I still carry AAA just to be sure. <br />So what do I give up? Nothing but what I want to. No payment and it sits in the driveway (no marina or storage charges). When I have the money to spend on what I want with out causing a household crunch that is when I do it. I couldn't even think about making payments on a boat in the middle of winter. Not saying that I haven't put a lot of money into what I have but it is when I want to, not when the payment comes due. <br />Good luck with your decision.
 

roscoe

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Re: What do you give up to own a boat?

booze, casino excursions, high maintenance women.
 
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Re: What do you give up to own a boat?

I'm with everyone else. I don't have kids, but you should find yourself a decent used one. Sell yours, then keep your ears open for a divorce special, or an estate sale or something, and you can surely get a very decent rig for less than 5k. Keep in mind that once your kids are grown and gone, you'll never be able to go back again and create memories! <br />We're on this earth a very very short time, and if that wasn't bad enough, then it has to fly by. That's life though.
 

Mark42

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Re: What do you give up to own a boat?

It's a "no brainer"..... Sell the kids, spend more time on the boat. It always amazes me how the obvious and most practical solutions elude people.... :D
 

cajun555

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Re: What do you give up to own a boat?

I have to agree with everyone else. The kids come first. Our kids finally grew up and now I can afford a nice boat, but the wife and I are content with our 50 year old boat. In fact I just put a glass boat back on the water a couple of weeks ago. Its a 71 Ridgerunner. Both boats and motors worth 1500 to 2000. Enjoying the company of the wife; Priceless.
 

Booner

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Re: What do you give up to own a boat?

Chris its all about the memories that you make. For your children will cherish them for the rest of their lives. I have two daughters that go to volley ball camp in the summer but we will still make time to go to the lake and have a lot of fun. My mother in law has a 56' foot houseboat and all the grand children will tell you that it is their favorite time of the summer when they are at the house boat my wife’s favorite memories is when she was young and her family would go to the lake to water ski in the summer (boat family) and they would pee in the little green bucket. Its all about the memories Chris
 
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