Boat Ownership.....

[Jbb]

How many ***boaters actually own a boat......as in ....not making payments...?

[CARLSON-JET]

I'm a fool.. I own both my boats out right. But then again.. Who would finance these turds.. I paid for them with loose change from under the couch cushions. :D

[HavaSkank]

Im all paid for, however I did speak with a salesman who tried to intice me with a clever 50 yr boat loan.
People can be so stoopid

[wsuwrhr]

I owned both of mine the day I hitched them to the truck to take them home.
Course they are only 20 footers.
Brian

[wsuwrhr]

How many ***boaters actually own a boat......as in ....not making payments...?
BTW....if you ever think noone cares.....try missing a coupla payments.

[Havasu Hangin']

I don't make a boat payment...
...since I just put it on my credit card.
:D

[wright27]

I own both, but combined worth is only about $17,000.:(

[Jbb]

I don't make a boat payment...
...since I just put it on my credit card.
:D
....and earned some bonus sky miles!!!! :D

[Big Warlock]

Two, both paid for!

[Pussywhippled]

The real question is...
How many people own their boats outright as in not making payments but...
Are actually secretly paying for them for the next 30 years.

[Havasu Hangin']

....and earned some bonus sky miles!!!! :D
Oh yeah! I'm flying everyone from the boards down to JBB's House of Ill Repute this summer!
:jawdrop:

[Jbb]

The real question is...
How many people own their boats outright as in not making payments but...
Are actually secretly paying for them for the next 30 years.
Excellent point.....;)

[yopengo]

All toys are paid in full. Not the fastest or nicest but just as much fun. Now I need a cheep Jeep for the winter. :idea:

[Jbb]

Oh yeah! I'm flying everyone from the boards down to JBB's House of Ill Repute this summer!
:jawdrop:
Bring it....there's room for all at the compound!....plenty of BBQ.....and no wait at the launch ramp!!!

[HavaSkank]

BTW....if you ever think noone cares.....try missing a coupla payments.
Hey Bri, Im standing on the rim waving to ya down below, can ya see me?

[yopengo]

Excellent point.....;)
I almost fell into this trap with all the nice boats out there. Then my wife slapped me and I was ...:eek: :D

[wsuwrhr]

Hey Bri, Im standing on the rim waving to ya down below, can ya see me?
I love that view.
I just went out on the back porch and waved back.

[SB]

Paid for.
I guess I have a philosophical problem with putting a boat on payments.

[Hopdaddie]

Bought and paid for... Just like the Beer Belly
http://snwl.gotdns.com/boat/bbelly.jpg :D :D :D

[HavaSkank]

Is it wrong that Im oddly arroused?

[Jbb]

Is it wrong that Im oddly arroused?
never wrong..sticky is good..:p

[brianthomas]

I bought the little one for cash but when I bought the big one last year it was a different issue. I had my broker all set to sell the investments I needed to pay cash when I realized I could finance it for 6.5% and write off the interest. My investments pay a much higher return and the value is still sitting there. I don't mind that it is not paid for when I know I can pay it off at any time and am certainly not talking about using the equity in homes. I don't think I could ever tie a boat loan to my house. Crazy in some eyes but it was an expensive boat.

[HavaSkank]

never wrong..sticky is good..:p
I just tossed my panties against the wall...and they stuck. Apparently Im al dente

[Jbb]

I just tossed my panties against the wall...and they stuck. Apparently Im al dente
......Apparently.......you're ....ready....:D

[Havasu1]

I was looking at getting a new boat at the beginning of the season. A nice Deck Boat the was around $100k :mad: The owner said that probably 90% of the people come in 10% and 20 year term:eek: ..................I opted for a used deck boat that was about half the price. Uh.......I don't own it but with 55% down my payments are not to bad and they are for five years. :)

[RitcheyRch]

Paid cash for mine.

[Froggystyle]

I own 1.5, but the bank owns me, so it is a wash. All told, I would rather be financing the boats than everything else I own...

[Trailer Park Casanova]

If ya mean hold the boats pink slip, and didn't by the boat on an equity line or a re-fi of the house,,,
Then we were,, but just sold it,,, and the new boat will be financed.
We are debtors once again.
Having the pink/title makes for an easy sell transaction.

[HavaSkank]

Having pink always makes things easier :)

[HocusPocus]

The real question is...
How many people own their boats outright as in not making payments but...
Are actually secretly paying for them for the next 30 years.
i can't tell you how tempting it is to dip into my equity and go shopping, especially with some of the good deals i have found on used boats but i just can't do it. we did manage to buy a new tri-toon and sea doo last year with real money and even though its not my dream boat it gets us all out on the water. :D

[Coded-Dude]

Two, both paid for!
what he said.

[boatsnblondes]

All paid for, I just can't afford the gas......like anyone else can?????

[RitcheyRch]

In so many ways.
Having pink always makes things easier :)

[mdunn01]

My 1988 Cole is 100% paid for, I own it. It might not be the nicest but its mine and i dont have to pay anyone.
Mike

[Dave C]

boats are terrible investments... soooooooo.... therefore I "own" all my other investments (real ones) and I finance the boat. (i.e. best use of capital)
Either way owning a boat is total and complete waste. The best way to save the $$ is to not own a boat in the first place.... ;) ;) Since we are all sick around here, we don't seem to mind owning a hole in the water to which we through our money into. :D :D

[Jbb]

My 1988 Cole is 100% paid for, I own it. It might not be the nicest but its mine and i dont have to pay anyone.
Mike
I thought that about my boats.....Till the County I live in sent me the personal property... tax notices for them....:D

[HavaSkank]

I added a second mortgage when I picked up a place in Havasu. Im no financial whiz-kid, but I found this to be a wiser investment than the Magic deck boat I REALLY wanted. (being a responsible grown up sucks ass)
Oh well, now I have a Sun Tracker that's in great shape, holds multiple ice chests, rowdy dogs, has the double bimini and a bumpin stereo. When I want to haul ass or go boarding I climb aboard my friends boats....you know, the friends who are all debt up to their eyeballs.

[USCFAN]

boats are terrible investments... soooooooo.... therefore I "own" all my other investments (real ones) and I finance the boat. (i.e. best use of capital)
Either way owning a boat is total and complete waste. The best way to save the $$ is to not own a boat in the first place.... ;) ;) Since we are all sick around here, we don't seem to mind owning a hole in the water to which we through our money into. :D :D
That about sums it up..

[OCMerrill]

Mine is paid for...but I don't mind payments on my toys. Gives me a sense of what I am working for.
It's the freaking daily use car payments I can't stand.:mad:

[Trailer Park Casanova]

I added a second mortgage when I picked up a place in Havasu. Im no financial whiz-kid, but I found this to be a wiser investment than the Magic deck boat I REALLY wanted. (being a responsible grown up sucks ass)
Oh well, now I have a Sun Tracker that's in great shape, holds multiple ice chests, rowdy dogs, has the double bimini and a bumpin stereo. When I want to haul ass or go boarding I climb aboard my friends boats....you know, the friends who are all debt up to their eyeballs.
Girl, that is our goal too.:D :D :D

[mdunn01]

I thought that about my boats.....Till the County I live in sent me the personal property... tax notices for them....:D
Ohh..your not alone, Here in the beautifull Republic of kalifornia in San Bernardino County we get taxed on our boats, its a freaking luxury tax.....whats some luxury about pouring countless dead presidents into a boat??

[RitcheyRch]

Have that same tax in Los Angeles County. :mad:
Ohh..your not alone, Here in the beautifull Republic of kalifornia in San Bernardino County we get taxed on our boats, its a freaking luxury tax.....whats some luxury about pouring countless dead presidents into a boat??

[little rowe boat]

I own mine, no payments for 7 years now.

[charlyox]

Saved uo and paid ca$h.

[Riverdog1]

Most of us Jetters buy stuff seperate, paint them, upholster them, rig them and build a motor...but if you think about it and look at the credit card bill every season, even if you have the pink you're still making payments:D .

[framer1]

Don't like payments.....boat paid for

[WYRD]

I just went outside and trimmed back the money tree:D

[MrBeam]

I owned my 20 outlaw outright but I had to go bigger.
Stupid! Stupid! Stupid!
For someone who is supposed to be semi-intelligent I keep finding myself in situations that would embarrass a fool.

[beaverretriever]

Our current boat is an 06 and almost paid for. Our new boat will be about 65%financed because we are taking the equity out of the old boat and paying off our second.:) Our wakeboard boat was an 05 and we paid cash for it.

[dunaholic]

I bought the little one for cash but when I bought the big one last year it was a different issue. I had my broker all set to sell the investments I needed to pay cash when I realized I could finance it for 6.5% and write off the interest. My investments pay a much higher return and the value is still sitting there. I don't mind that it is not paid for when I know I can pay it off at any time and am certainly not talking about using the equity in homes. I don't think I could ever tie a boat loan to my house. Crazy in some eyes but it was an expensive boat.
Leverage, Leverage, Leverage!!! This is the only way to own toys. Never take money from investments that are earning returns to buy an item that depreciates. I never pay cash for boats and I won't buy a new one.....EVER!!! I will let some other sucker (present company excluded of course) take the huge hit for the first 3-5 years and buy a nice clean used boat at half of the price. Never pay cash for boats or planes.

[bohica]

I financed mine. I could have easily paid cash, but not a very wise choice from a financial standpoint. Let's see, pay 100K cash and save the 5.125% interest I'm paying on the loan or finance the 100K, invest the money, make a lot more return on my investment than the interest I'm paying on the loan.
Even after taxes, I come out ahead. It's not always about having debt, but how well you can leverage the debt to your advantage.:D

[dunaholic]

I financed mine. I could have easily paid cash, but not a very wise choice from a financial standpoint. Let's see, pay 100K cash and save the 5.125% interest I'm paying on the loan or finance the 100K, invest the money, make a lot more return on my investment than the interest I'm paying on the loan.
Even after taxes, I come out ahead. It's not always about having debt, but how well you can leverage the debt to your advantage.:D
Your my hero Bohica.....

[Goad]

considering mine cost me $160.00, its paid off thank god. :D

[lucky]

How many ***boaters actually own a boat......as in ....not making payments...?
two - 78 howard - although i make a payment everytime i hit the pump - and a 65 aqua (wickens ) craft :D

[Devil's Advocate]

We do. Cash paid for this one and the one before it.

[dirty old man]

Well, since I'm fairly rich, comfortable, well off, I've paid cash for many,many boats ranging from $25,000 to into the hundreds of thousands. Also buy new cars every year or so, pay cash, have a few homes paid for as well. Its neat being rich, as compared to the opposite. Cash is king

[spectras only]

No payment here , paying for gas is bad enough :)

[Holland]

How many ***boaters actually own a boat......as in ....not making payments...?
Me... I was fortunate enough to sell off a house, an ugly house at that. It paid for my boat - and put $$$ in bank for kids college!

[BADBLOWN572]

I always pay cash for toys. The only thing that I will ever finance is my homes. I do not believe that it is a smart thing to finance a depreciating asset. If you can not afford the toy, don't buy it! I guess I am just kind of gun shy about financing. I have seen too many people over extend themselves and get into BIG trouble with financing of toys. :( I owe no one anything and that is the way that I like it.
I am not saying that financing is wrong, but it is not right for me. :) I know that sometimes it is smart to leverage the financing, but I don't want to have to worry about it. With the difference in % earning on the investment and % owed on the boat, it is not worth it. Just my .02

[Phat Matt]

I put a big chunk down, and I financed a bigger chunk. lol. :D

[Havasu Hangin']

I financed mine. I could have easily paid cash, but not a very wise choice from a financial standpoint. Let's see, pay 100K cash and save the 5.125% interest I'm paying on the loan or finance the 100K, invest the money, make a lot more return on my investment than the interest I'm paying on the loan.
Even after taxes, I come out ahead. It's not always about having debt, but how well you can leverage the debt to your advantage.:D
Your problem is that you are making sense. Please stop it- boat owners are not supposed to be this smart.
:jawdrop:

[wolfie]

Mine is paid for but I think it owns me not the other way around!!!!!

[HavaSkank]

Well, since I'm fairly rich, comfortable, well off, I've paid cash for many,many boats ranging from $25,000 to into the hundreds of thousands. Also buy new cars every year or so, pay cash, have a few homes paid for as well. Its neat being rich, as compared to the opposite. Cash is king
Hey baby, you sound hot. What's your sign?

[Garrddogg]

Both of mine are paid for as well..:D

[HavaSkank]

Well, since I'm fairly rich, comfortable, well off, I've paid cash for many,many boats ranging from $25,000 to into the hundreds of thousands. Also buy new cars every year or so, pay cash, have a few homes paid for as well. Its neat being rich, as compared to the opposite. Cash is king
Hey baby, you sound hot. What's your sign?

[spectras only]

Hey baby, you sound hot. What's your sign?
DOM doesn't want to share his wealth with you :idea: :D

[Jbb]

DOM doesn't want to share his wealth with you :idea: :D
Well....perhaps something on a ...contract basis?...:D

[HavaSkank]

Hey man, Im cheap and I have no scruples. What more can a man ask for?

[Jbb]

Hey man, Im cheap and I have no scruples. What more can a man ask for?
A flat head.....and the ability to suck a tennis ball through a 3 foot garden hose...:)

[dirty old man]

Hava, you don't know how that kink of talk turns me on

[HavaSkank]

You call that kink? Buckle up baby, it's gonna be rough ride!
Sheeesh, I havent even started the discussion about slip-n-slides, chainsaws, goats milk and turpintine.

[Havasu Hangin']

Sheeesh, I havent even started the discussion about slip-n-slides, chainsaws, goats milk and turpintine.
Cordless power tools and small farm animals?
:idea:

[Jbb]

Cordless power tools and small farm animals?
:idea:
Midgets, Gnomes ....and Wizards....?

[Magic34]

I owned a boat free and clear, then the next I didn't... That has happened 3 times now.
Currently, I own 65% of imy new boat :) , and have a loan on the balance of it. However, I use that loan as a write off for a second home.
Works great for me because I like getting big checks back at the end of the year. :D

[dirty old man]

How's I get mixed up in this discussion? Whats it got to do with boat ownership? I'm outta here

[Havasu1986]

How's I get mixed up in this discussion? Whats it got to do with boat ownership? I'm outta here
Because your last post was #666 :devil: :devil: :devil: :eek: :D

[centerhill condor]

free and clear...maintenance doesn't count, right?!

[zudnic]

I'm paranoid and dont use credit except on my margin account and a few times a year touch bank over draft..... Thats the only form of credit I'll use.... I dont even write checks anymore........... :D

[Biglue]

Sold my old boat, put some of my own cash in and used some money from a refi I did and bought mine cash. Figured it's not that bad sice I still own over 50% of my home.

[HavaSkank]

Ohhh man. I scared off another rich old bastard.

[spectras only]

Ohhh man. I scared off another rich old bastard.
Send him pm's , so he won't blush here :idea: ;) :D

[yopengo]

Ohhh man. I scared off another rich old bastard.
...yet we still love you :p

[Tom Brown]

I borrowed $1200 to buy my 1977 Glastron eight years ago. Technically, I suppose it isn't mine but it feels like mine since I'm the one who handed over the cashier's cheque for $1250 to the previous owner. It's going to be great when I'm done making payments in 12 years time. I'll probably go wild, upgrade the bow emblem, and maybe even change the gear case oil.
Sure, it's not much but it gets me on the lake and hey... at least it's not a jet. :cool:

[SB]

Ohhh man. I scared off another rich old bastard.
I'm still here, will I do? :D
Middle class, middle aged, parents married, all parts in working order.;)
Not rich, not old, but probably dirty enough.

[Tom Brown]

Ohhh man. I scared off another rich old bastard.
Sure but you attracted an impoverished younger bastard.

[Hallett19]

Bought and paid for......but its an old turd...

[zudnic]

Sure but you attracted an impoverished younger bastard.
Who mentioned their parents in the pitch. Guess they still live with them. :idea:

[HavaSkank]

Bought and paid for......but its an old turd...
That's what's tattoed across my ass

[Jbb]

I borrowed $1200 to buy my 1977 Glastron eight years ago. Technically, I suppose it isn't mine but it feels like mine since I'm the one who handed over the cashier's cheque for $1250 to the previous owner. It's going to be great when I'm done making payments in 12 years time. I'll probably go wild, upgrade the bow emblem, and maybe even change the gear case oil.
Sure, it's not much but it gets me on the lake and hey... at least it's not a jet. :cool:
I can see its just about time for another beat down....Brown...:D

[squirt'nmyload]

i own my 84 18ft caribbean jet, but when we are ready for a newer bigger boat i'm sure it will be financed. who cares about making payments if you can afford them, ya only live once and i'm taking nothing to the grave :D :D :D

[Pussywhippled]

Well I'm guessing that most of the posts on this topic are from the "just jets" people.
Funny, I don't see too much posting coming for the "Baller" section.
Their probably too busy counting all their money...

[WYRD]

I am just 1 sweet deal and a couple of hundred kilos away from owning my 51' outerlimits:D :D

[RiverOtter]

How many ***boaters actually own a boat......as in ....not making payments...?
Here

[Water Romper]

Bought and paid for and has been for many years….however, If I had a new 25 foot Cat or something like that, it would be a different story..I only purchased a boat that I could pay cash for…house payments and child support comes first.:D

[KineticoH20]

Paid in full, Idon't believe in financing toys;)

[Darrell's Bro]

Just bought our first boat: 24' Centurion Enzo. Paid cash, but now I'm sure it is worth 30 or 40% less than it was a month ago, when we bought it. That kind of depreciation is a solid argument for avoiding financing! I'd hate to owe a dollar for something that is worth 70 cents.

[RiverDave]

Her boat and trailer are paid for... :)
http://www.hotboatpics.com/pics/data/500/860StacyNewTrailer1.JPG
My contribution of the guages, steering column, and wheel are uhhhh.... paid for, but not paid off. :D (Credit Card)
RD

[Steamin' Rice]

Paid for, but I don't see a problem with financing things unless you can't afford it.

[spectras only]

My contribution of the guages, steering column, and wheel are uhhhh.... paid for, but not paid off. :D (Credit Card)
RD
RD , you better hang on to her to get your money's worth :D

[HavaSkank]

RD is a kept man
It's a nice line of work, when you can get it

[vee-driven]

My babies paid for, cash, blood, sweat, tears and a few creative cuss words.
http://i121.photobucket.com/albums/o236/path5150/newraysoncraftpics013.jpg

[wolfie]

Ohhh man. I scared off another rich old bastard.
I may not be rich, but I'm an old bastard and I'm not scared!!!!!!

[wolfie]

Hey man, Im cheap and I have no scruples. What more can a man ask for?
Can you back a trailer and bring the beer?????

[HavaSkank]

Can you back a trailer and bring the beer?????
Baby I've been backing horse trailers and boat trailers since I was 12.

[YeLLowBoaT]

I own mine...
the better Q is how many hot boaters own the boat, but are still paying off the machine shop :D

[Biglue]

Oh yeah, my shit's paid for :D
How much do you pay per pound? Be glad to supply you with some. :D :D :D

[572Daytona]

All vehicles paid off here, 4 boats, 2 PWCs and 4 cars. Just paid off the equity line as well. My company keeps laying off more and more people so I figure it's only a matter of time before I get a pink slip so I want to be as much out of debt as I can be.

[plaster dave]

Paid green Cash for mine in 04' I wish I had it back.:D Hell I wish I had the money back from all the strippers over the years.

[Jbb]

All vehicles paid off here, 4 boats, 2 PWCs and 4 cars. Just paid off the equity line as well. My company keeps laying off more and more people so I figure it's only a matter of time before I get a pink slip so I want to be as much out of debt as I can be.
Excellent ........Now you wont fall over dead when you get my bill for restoring your Tahiti!!!!
:D

[boats&bars]

Paid in full............

[beaverretriever]

LOL, it tells you somthing when a majority of the boats on this thread that are actually "owned" are under 20k... Not to many DCB owners chiming in here..;) :D
Seriously though. Financing is not a bad thing. We are going to finance our new boat because the rate is cheaper than our second on our house. We will take the equity from our current boat and pay off our second which is a higher rate than we can get on our new boat. We will save a point and a half by doing that. :)

[Ultracrazy]

This is like playing liars poker............

[HM]

Seriously though. Financing is not a bad thing.
Everything is financed. Even when you pay cash...you finance it your self, but earn no interest and give up opportunity interest when that money could be saved or invested.
And I agree....financing itself is not bad. It is just that usually the people that use financing can't afford to buy it any other way. These people are depending/betting that they have no financial hickups for the next (fill in the blank) years like loss of a job, or disability, legal issues and etc. That is a pretty big gamble in my book, especially on a depreciating cash consuming asset.

[Devil's Advocate]

Midgets, Gnomes ....and Wizards....?
Lions, tigers and bears.....oh my!:D

[572Daytona]

Excellent ........Now you wont fall over dead when you get my bill for restoring your Tahiti!!!!
:D
Still working on getting the Daytona running, then it may be time to work on the Tahiti. Don't you have enought other boats/pickups in your driveway that need to be restored already? ;)

[probablecause]

Will someon finance me a twin turbo bbc?

[Magic34]

That's what I dont understand with some people on here. It would not be the smartest decision in my book to not owe anything on a $250k boat and wrap all that cash up in it. You can get loans for 6.5% on that kind of money and you can make MUCH more investing that money so you are making your boat payment PLUS getting additional $$ from the investment. Almost like having the boat for free. Also if getting a boat worth as much as a house, I want to make sure I can write it off, which has been the case with every boat I have ever owned.
I have no problem saying I owe $$ on my boat. What I did have a problem saying was that I was paying $6k/year for insurance with my cat. That is wasted money and that is why you see a cruiser in my sig now. The $500/month for insurance is now only $100/month and I got a hell of a lot more boat for that $400/month extra I was paying in insurance.

[Jbb]

Still working on getting the Daytona running, then it may be time to work on the Tahiti. Don't you have enought other boats/pickups in your driveway that need to be restored already? ;)
A man can never have enough .....projects ..in his life.....right...?...:squiggle:

[eliminatedsprinter]

Paid cash for ours. I'm not really into the big bling that requires a mortgage to own. :)

[Dan Lorenze]

We paid cash in full for our little Jet Boat. Bought it barely used for almost half the price of a new one. I think I enjoy the boat more because it's all paid for.

[boatsnblondes]

Hey man, Im cheap and I have no scruples. What more can a man ask for?
Ummmm.......20 years younger and an ass you could bounce a quarter off of??? Just for starts........:D

[XtrmWakeborder]

My boats name is EZ Payments, which equal no payments. It's paid for.:D

[sorry dog]

I borrowed $1200 to buy my 1977 Glastron eight years ago. Technically, I suppose it isn't mine but it feels like mine since I'm the one who handed over the cashier's cheque for $1250 to the previous owner. It's going to be great when I'm done making payments in 12 years time. I'll probably go wild, upgrade the bow emblem, and maybe even change the gear case oil.
Sure, it's not much but it gets me on the lake and hey... at least it's not a jet. :cool:
My current ride cost me $400 and a six pack of beer, but I sold the motor and got $250 of it back...so I guess I still owe $150...I guess I could start selling rides...

[sorry dog]

All vehicles paid off here, 4 boats, 2 PWCs and 4 cars. Just paid off the equity line as well. My company keeps laying off more and more people so I figure it's only a matter of time before I get a pink slip so I want to be as much out of debt as I can be.
When you have a Jag... the mechanic payment takes place of the bank payment.

[seanv]

daytona = paidfor and then..... i got the newer boat:(
great write off though :D
but all i owe on is the house and boat. chevelle,cj5 and 04 f250 are paid in full.

[Havasu1986]

daytona = paidfor and then..... i got the newer boat:(
great write off though :D
but all i owe on is the house and boat. chevelle,cj5 and 04 f250 are paid in full.
What are the requirements of a boat so it can be a tax write off.:confused:

[jdf]

al five are paid for

[rvr6pac]

Paid cash, no payments!

[spectras only]

What are the requirements of a boat so it can be a tax write off.:confused:
port-o-potty , sink and alcohol stove [ portable coleman will do ] qualifies the boat as secondary residence , ie; vacation home.

[Magic34]

What are the requirements of a boat so it can be a tax write off.:confused:
They want to be able to see if you can live on it for 3 or 5 days (cant remember which of the 2 it was).
So water, potty, and sleeping area out of the elements.