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Started By
Message
Financing is OOC
Posted on 5/4/19 at 12:37 pm
Posted on 5/4/19 at 12:37 pm
We're at the beach for the weekend and wife was asking how so many people have nice boats.
$23k down and $1,600 for 20 years for a 27 ft center console.
Good Lord people are stupid.
$23k down and $1,600 for 20 years for a 27 ft center console.
Good Lord people are stupid.
17
Posted on 5/4/19 at 12:39 pm to GEAUXT
Would you be upset with 6.5% return over 20 years? Do you think you can do better? Serious questions.
Posted on 5/4/19 at 12:47 pm to GEAUXT
Fwiw, your complaint should be focused on the actual price, not the financing. $230k is the bigger problem.
Posted on 5/4/19 at 12:51 pm to GEAUXT
Market is going to be flooded with so much of this underwater garbage in the near future it isn’t going to be funny.
Posted on 5/4/19 at 12:58 pm to GEAUXT
LOl. Idiots. My 20 year boat note isn't a dime over $1500 a month. And the second mortgage I took out for the down payment can't be more than 5%. Morans.
Posted on 5/4/19 at 1:11 pm to GEAUXT
Good fricking god.
230k.
And chances are if you don't realize 1600 a month for 20 years for a depreciating asset is a stupid idea, then you're probably too stupid to realize the yearly maintenance on that is going to be north of $1200 and its going to cost $500 to fill up the tank.
230k.
And chances are if you don't realize 1600 a month for 20 years for a depreciating asset is a stupid idea, then you're probably too stupid to realize the yearly maintenance on that is going to be north of $1200 and its going to cost $500 to fill up the tank.
This post was edited on 5/4/19 at 1:12 pm
Posted on 5/4/19 at 1:13 pm to GEAUXT
Why the hell would you want a black boat? That bitch is gonna get hot as a mofo out there on the lake.
Posted on 5/4/19 at 1:24 pm to GEAUXT
quote:
Good Lord people are stupid.
Keeping up with the Jones's is serious bidness.
Posted on 5/4/19 at 2:15 pm to GEAUXT
What if...and bear with me here...that boat was NEVER worth anything close to $230,000.
I can’t think of any scenario that a boat like that wouod achieve that actual value (and yes I realize that the value of something is whatever you can get people to pay for it) but come on.
It’s not even that big or nice a boat. Inflation is OOC
I can’t think of any scenario that a boat like that wouod achieve that actual value (and yes I realize that the value of something is whatever you can get people to pay for it) but come on.
It’s not even that big or nice a boat. Inflation is OOC
Posted on 5/4/19 at 2:17 pm to GEAUXT
Those blackfins are pretty sweet. I know a guy who just bought one but it’s on backorder. He didn’t finance it.
32 ft. center console even has a small bathroom, and of course built in yeti coolers.
32 ft. center console even has a small bathroom, and of course built in yeti coolers.
Posted on 5/4/19 at 3:58 pm to GEAUXT
What business of it is yours how people piss away their money?
You do you and let everyone else do their thing
You do you and let everyone else do their thing
Posted on 5/4/19 at 4:07 pm to GEAUXT
If it fricks, flies, or floats rent it never buy it. The maintenance and PAI isn't worth it.
Posted on 5/4/19 at 4:45 pm to GEAUXT
Boats are known for holding value for 20 years.
You should go ahead and do it!
Imagine how awesome that drive home would be...and the first trip to the ramp.
You should go ahead and do it!
Imagine how awesome that drive home would be...and the first trip to the ramp.
Posted on 5/4/19 at 5:39 pm to GEAUXT
Who's got $23k to use for a down payment?
Certainly baws are financing that 23k, too.
A little home equity loan, huh?
Certainly baws are financing that 23k, too.
A little home equity loan, huh?
Posted on 5/4/19 at 6:00 pm to GEAUXT
quote:
240 Months
Why do bankers and helicopter mothers refer to years in months?
Posted on 5/4/19 at 7:31 pm to GEAUXT
quote:
$23k down and $1,600 for 20 years for a 27 ft center console.
Good Lord people are stupid
yeah, well if YOUR SO SMARTER, then tell me what they are supposed to drive to the dock at there timeshare
tell me THAT why don't you???
Posted on 5/5/19 at 12:45 pm to GEAUXT
Thank god for this terrible financing. Sensible people can get a nice boat on the cheap from somebody upside down trying to offload.
Posted on 5/5/19 at 1:09 pm to GEAUXT
Out Of Conference?
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