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How many of us owe money on our boats?

Do you make installment payments on your boat or do you own it outright?


  • Total voters
    244
@kthrash Congrats on getting back on the horse so quick. Rough summer so far but hopefully you'll get to enjoy some boating!!!
 
@kthrash Congrats on getting back on the horse so quick. Rough summer so far but hopefully you'll get to enjoy some boating!!!

I was only down 2 weekends.. hard to believe..
 
I was unlucky enough to shop for a boat since my first boat show at the Jacob Javits Center in NYC in 2007 (Still have the Yamaha Brochure I picked up there). 8 years later I had the cash in hand to buy a boat as soon as my wife and I found one. Of course remember that first part, I was without a boat for the first 8 years that I wanted one... Of course I also had no place to store one or a lake close enough to make it worth buying one...
 
We had saved for a new home once we sold the one we are in. Couldn't get a decent offer so we kept the house, made small upgrades and placed about 1/3 down on our boat. The rest was financed at 2.99. All I wanted was a small payment that could be done before the kids college starts.

But then dual income and just one kid helps a lot. (well two kids if you count the great dane)
 
Wow interesting conversation. I bought used and had originally thought about paying cash but then my credit union said they would give me 1.9% for 5 years so I took it. At that rate and the short period I saw no reason to tie up the cash. If I would have bought new I would have had to finance no way I could have tied up that kind of cash and felt comfortable.
 
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