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You can get 20-year loans on boats now?

Posted on 7/21/23 at 9:38 pm
Posted by rickgrimes
Member since Jan 2011
4180 posts
Posted on 7/21/23 at 9:38 pm


Has it always been this way? Or is this a more recent phenomenon like 84 month car loans?
Posted by Koach K
Member since Nov 2016
4077 posts
Posted on 7/21/23 at 9:40 pm to
This will end well.
Posted by BigPerm30
Member since Aug 2011
25898 posts
Posted on 7/21/23 at 9:40 pm to
I rolled my F-250 into my 30 year mortgage. I don’t see the problem
Posted by Napoleon
Kenna
Member since Dec 2007
69066 posts
Posted on 7/21/23 at 9:41 pm to
So the $102.000 boat will cost you 243,813.60.
Wow.
Posted by t00f
Not where you think I am
Member since Jul 2016
89788 posts
Posted on 7/21/23 at 9:42 pm to
20 year 11% loan, lol
Posted by Sput
Member since Mar 2020
7916 posts
Posted on 7/21/23 at 9:42 pm to
Hell I know a guy that financed one for 360 months 20 years ago.
Posted by El Segundo Guy
SE OK
Member since Aug 2014
9577 posts
Posted on 7/21/23 at 9:43 pm to
Damn son, only 1k a month? I don't care about price, only if I can budget the payment.

Damn they want a down payment. Can't you just roll that up in the loan?
This post was edited on 7/21/23 at 9:45 pm
Posted by USMCguy121
Northshore
Member since Aug 2021
6332 posts
Posted on 7/21/23 at 9:43 pm to
A hole in the water you throw money into
Posted by Larry
Collierville, TN
Member since Jul 2004
5454 posts
Posted on 7/21/23 at 9:44 pm to
In 10 years $1K will be about $50 bucks in todays money. Just think about rooster tailing across the lake at 40 knots and tell me it isn’t worth it!
Posted by Pechon
unperson
Member since Oct 2011
7748 posts
Posted on 7/21/23 at 9:44 pm to
What's more outrageous is 100k for a bass boat.

Posted by Rebel
Graceland
Member since Jan 2005
131365 posts
Posted on 7/21/23 at 9:44 pm to
you can take out an FHA loan on a boat if it has a kitchen and bathroom.

Posted by HoboDickCheese
The overpass
Member since Sep 2020
9362 posts
Posted on 7/21/23 at 9:46 pm to
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65608 posts
Posted on 7/21/23 at 9:48 pm to
$11k down and $1k monthly for 10 years for this bass boat

Posted by Mahootney
Lovin' My German Footprint
Member since Sep 2008
11873 posts
Posted on 7/21/23 at 9:50 pm to
quote:

What's more outrageous is 100k for a bass boat.
Even more outrageous....
People pay it.
Posted by danilo
Member since Nov 2008
20096 posts
Posted on 7/21/23 at 9:51 pm to
Jus find a friend who has a boat
Posted by Robin Masters
Birmingham
Member since Jul 2010
29722 posts
Posted on 7/21/23 at 9:51 pm to
Over $240,000 for a < $100,000 boat.

I’m no Dave Ramsey but jfc.
Posted by SaintsTiger
1,000,000 Posts
Member since Oct 2014
1118 posts
Posted on 7/21/23 at 9:54 pm to
quote:

$11k down and $1k monthly for 10 years for this bass boat


Next to impossible there are actually buyers on this deal. Please tell me you made those numbers up.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7678 posts
Posted on 7/21/23 at 9:58 pm to
What kind of boat is going for north of $100k?
Posted by SaintsTiger
1,000,000 Posts
Member since Oct 2014
1118 posts
Posted on 7/21/23 at 10:10 pm to
quote:

What kind of boat is going for north of $100k?


Bass pro link but no pics

It's a pontoon boat with nice seats

Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7678 posts
Posted on 7/21/23 at 10:13 pm to
Can’t imagine laying down six figures for that. I guess people are paying that for Range Rovers. But at least the RR is something you use every day.
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