Tanker4lyfe Posted July 24, 2009 Posted July 24, 2009 hey guys how much do you guys make on your boat payments and what do you have Quote
Super User fishfordollars Posted July 24, 2009 Super User Posted July 24, 2009 Uh, nothing. It was titled to me free and clear when I backed it in the driveway. Skeeter Quote
Super User Wayne P. Posted July 24, 2009 Super User Posted July 24, 2009 Zero here too, sold three boats and paid cash for new one. 2009 Tracker PT170 Quote
EastMarkME Posted July 24, 2009 Posted July 24, 2009 Only 2 things I'd make payments on is my home and if I had to a car. The boat is cash or it doesnt come home with me. Ive had some of my best times fishing from my $100 float tube and still would be using it all the time if I had to do payments on the boat. Not saying thats right or wrong...just the way I need to do things for me so I sleep good at night. Im pretty conservative I guess. I fish from my 18' Sweetwater Pontoon Boat with a wireless Motorguide trolling motor and Humminbird Fishfinder/GPS. Works great for me. Mark Quote
Sfritr Posted July 24, 2009 Posted July 24, 2009 96 Stratos w/ 150 mint condition. loaded with extras when I bought it 2 yrs ago. $102 month for six more months. Paid 5K for her. Best money ever spent Quote
Super User burleytog Posted July 24, 2009 Super User Posted July 24, 2009 Enough for me to notice every month. Quote
bass or bass ? Posted July 25, 2009 Posted July 25, 2009 No payments. I bought a boat that I could afford to pay cash for. Quote
bassnleo Posted July 25, 2009 Posted July 25, 2009 Zero....... 1994 ProCraft I bought 5 years ago for cash. BUT.........I've been very close to buying a newer Ranger this year. What has stopped me to this point is the financing rates being offered (even for someone with excellent credit). My wife has actually told me several times...."Go get it" but that payment has been what has stopped me. Quote
Super User burleytog Posted July 25, 2009 Super User Posted July 25, 2009 What has stopped me to this point is the financing rates being offered (even for someone with excellent credit). What kind of rate are you looking at? I got 5% for an eight year old boat a month ago. Quote
bassnleo Posted July 25, 2009 Posted July 25, 2009 What has stopped me to this point is the financing rates being offered (even for someone with excellent credit). What kind of rate are you looking at? I got 5% for an eight year old boat a month ago. Must admit I haven't looked in a few months but back in Feb -Mar the rates I was quoted were anywhere from 7.75 to 9.5 percent. 5% for a used boat is quite good! Mind if I ask what company? Quote
Team_Dougherty Posted July 25, 2009 Posted July 25, 2009 $0 I paid cash. I bought it new a 2001 Crestliner Angler 16. Quote
old bassman Posted July 25, 2009 Posted July 25, 2009 Zero - I am alergic to boat or motorcycle payments. 2002 Avalanche with a 2003 150 XR6. She runs great!!!!! Quote
Super User skunked_again Posted July 25, 2009 Super User Posted July 25, 2009 Zero. paid cash as well. Quote
Under the Radar Posted July 25, 2009 Posted July 25, 2009 '07 Stratos Cash. 14' 7" Old town Canoe Cash. 375c foldcat Cash. I takes a lot of hard work & discipline to become debt free, but the restful nights are worth every bit of it. Quote
Jim Grouch Posted July 26, 2009 Posted July 26, 2009 2004 Nitro 929 CDX - Cash... I agree w/ EastMark. Only 2 things I feel that are worth making payments on is my home and if I had to a vehicle. Even my vehicles I own are paid off... But I have NO problem buying a vehicle that is a few years old that someone else took the hit by being the first one to drive it off the dealer's lot. I never saw the point of paying more for things than what they're worth. (I know...I'm soo unAmerican). Quote
Super User South FLA Posted July 26, 2009 Super User Posted July 26, 2009 Amount owed: $0 Boats I own: 2002 Ranger Intracoastal 185vs, 2005 Tracker 14" Jon Boat, 14" Indian River Canoe Paid cash for all. 8-) Quote
I Love BassResource Posted July 27, 2009 Posted July 27, 2009 I'm taking a $15k down as a down payment to the bank for my next rig, and I've been quoted rates in the 5-6% range. Quote
jimmieO Posted July 27, 2009 Posted July 27, 2009 2007 Xpress SV17 w/ 50HP Yamaha. Pay 150 per month, total purchase price was around 12ish brand new. I was scared of engine issues and lack of warranty. However, the only reason we financed the boat really was because we paid cash for vehicles. Still, probably should have waited and paid cash for the boat. My advice would be to always pay cash for depreciating assets. If you don't have cash, wait till you do. Quote
STK001 Posted July 27, 2009 Posted July 27, 2009 Let's say if I had 25K sitting around in the bank I wouldn't have payments on my boat. 6 years financed....payment=pain Quote
unhbass37 Posted July 27, 2009 Posted July 27, 2009 I think the issue here is everyone wants the latest and greatest bass boat, But you know what I sleep alot better at night knowing I paid cash for mine. A 18' 1989 Bass tracker 40hp dual console. Ya it may not be the fastest boat with all the goodies, But I catch big fish just like the 45,000 plus bass rigs do. ;D Quote
jimmieO Posted July 27, 2009 Posted July 27, 2009 A 18' 1989 Bass tracker 40hp dual console. Ya it may not be the fastest boat with all the goodies, But I catch big fish just like the 45,000 plus bass rigs do. ;D Amen to that! Those big ones are cool to have, but dang....I'm absolutely impressed at the number of people here who don't owe anything on what they have. Quote
Super User Fishing Rhino Posted July 27, 2009 Super User Posted July 27, 2009 Zero Two 16 foot Old Town canoes. One a square stern with a trolling motor for when I bring a buddy. the other, a double ender, that's nowhere near as stable as the square ender, but a breeze to paddle. A days fishing, not counting gear lost, is less than a gallon of gas round trip to where I put in, and whatever the electricity costs to charge up the tm battery. I'd have no more fun, probably less if I had boat payments hanging over my head. Quote
LoneWolf Posted July 27, 2009 Posted July 27, 2009 0$...1999 bass tarcker 40 h.p. motor.......paid cash.... tow it with a 2005 toyota tacoma.... its paid for also......i whistle all the way to the lake.....ans sleep with a big smile on my face...... ;D Quote
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