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Message
re: Talk me out of buying a new boat
Posted on 11/11/24 at 5:05 am to speckledawg
Posted on 11/11/24 at 5:05 am to speckledawg
It was sort of a joke but, true for many.
Awesome to hear about your family time and memories made. You cannot put a price on that.
Awesome to hear about your family time and memories made. You cannot put a price on that.
1
Posted on 11/11/24 at 6:12 am to Doby
quote:
I live on the water and have a slip. Enjoy fishing a shite ton but also ski, pleasure boat, and entertain. I’m on the boat 3 days of the week at least…weather permitting.
No brainer then. A lot of boat buyers like the idea of owning a boat, they do not like actually owning one and they sit in a slip or on a trailer and go to rack and ruin. You know full well what youre getting into. Enjoy!
Posted on 11/11/24 at 7:14 am to Doby
Sounds like you are going to use it a bunch. Can’t talk you out of it. The people who say the “two happiest days….” are folks that buy a boat and leave it under the shade tree and watch it rot Have fun
Posted on 11/11/24 at 8:57 am to Doby
Probably one of the worst destinations on the internet to be talked out of buying a boat.
Posted on 11/11/24 at 11:01 am to Ol boy
quote:
Take 76k and put it in the SP 500 make 10% return 7500 a year plus 3k worth of operating expenses a year is 10500 a year to go on 10 charter trips per year and limit out each time.
Fist off you assume this guy is paying cash. He would have to have 76k in cash laying around to do this.
But the bigger issue is freedom. I take my boat out every other weekend at least. Plus you cant booze cruise or go crabbing etc.
Make a bad financial decision and buy the boat! YOLO is real.
Posted on 11/11/24 at 11:20 am to Elusiveporpi
quote:
Make a bad financial decision and buy the boat
Im glad I did. Even with the headaches it gives me sometimes I dont regret it. You’re buying memories and adventure. No boat is cheap, even a free one. To each their own as far as debt tolerance.
Posted on 11/11/24 at 11:45 am to Doby
quote:
Talk me out of buying a new boat
Well I'll be in the minority. I've owned 2 brand new boats and 4 used boats now. From a 22 bay boat to party barge to a offshore multiple outboard. I will never buy a new boat again. Yes a new boat is incredible. Yes $76k for a brand new 23 boat is a not a rip off (a yam 250 is essentially 30k installed by itself).
But - to keep a boat looking new is a complete pain in the arse and I never want do it again. My favorite boat to use is my 20 year old center console that I barely clean after a fishing trip. Its a fish murdering machine. If it want it to look really nice, it can be buffed and polished and cleaned up.
Also, everything on a new boat will wear and begin the process of corroding in short order. The downside to owning a used boat is that you may have to replace things like steering rams, electronics, bad connections, etc. But I can confirm that the same stuff happens on a new boat, just not as likely. And within 2 years if used in saltwater it will all rapidly wear and begin to need a lot of replacing and maintenance anyway.
Im a huge fan of getting a bigger, more rugged boat with more age on it for the same price as a new boat.
What will you plan to use this boat for? Cruising with thots or mostly fishing? If the latter, I would advocate for a bigger used boat for the same or less. You will enjoy it more. If the former, it will be easy to keep clean and nice and the thots enjoy clean upholstery, go for the new.
$0.02
Posted on 11/12/24 at 7:43 am to Doby
Well…..I’m pulling the trigger boys.Thank y’all for the input. Will update with pics later this week.
I do have another question for you baws regarding trailering & towing…
I have a 24 Durango RT with a net towing capacity of 7600lbs but the tongue weight is 500lbs unless I use a weight distributing hitch (760lbs). The boat & motor is 3750lbs (DW) and the trailer is likely between 1000-1200lbs. Totaling 4750-5000lbs (DW).
Any of you baws know your tongue weight on your vehicle and how heavy your trailered loads are? Should I get a weight distributing hitch or an adjustable hitch with a weight sensor?
I’d imagine I’m going to be flirting with the max tongue weight with a plain hitch. I also don’t want to overload the rear axle and throw the trailer off balance. The vehicle has all the bells and whistles to “tow n go” like suspension leveling, break switch, anti-sway controller, etc but I have no experience towing something this heavy and likely to be heavier down the road.
Thanks
I do have another question for you baws regarding trailering & towing…
I have a 24 Durango RT with a net towing capacity of 7600lbs but the tongue weight is 500lbs unless I use a weight distributing hitch (760lbs). The boat & motor is 3750lbs (DW) and the trailer is likely between 1000-1200lbs. Totaling 4750-5000lbs (DW).
Any of you baws know your tongue weight on your vehicle and how heavy your trailered loads are? Should I get a weight distributing hitch or an adjustable hitch with a weight sensor?
I’d imagine I’m going to be flirting with the max tongue weight with a plain hitch. I also don’t want to overload the rear axle and throw the trailer off balance. The vehicle has all the bells and whistles to “tow n go” like suspension leveling, break switch, anti-sway controller, etc but I have no experience towing something this heavy and likely to be heavier down the road.
Thanks
This post was edited on 11/12/24 at 8:03 am
Posted on 11/12/24 at 7:49 am to Ol boy
quote:
Take 76k and put it in the SP 500 make 10% return 7500 a year plus 3k worth of operating expenses a year is 10500 a year to go on 10 charter trips per year and limit out each time.
You sound like my wife now!
Posted on 11/12/24 at 8:09 am to Doby
quote:
Any of you baws know your tongue weight on your vehicle and how heavy your trailered loads are?
Ive scaled mine before. Ill dig it up my slips later and see what they are. That's a lot of tongue weight for an SUV, keep in mind that's payload capacity not just tongue weight, so a car full of fat dudes and yeti ice chests and a boat trailer will probably well overload it. My boat is a little heavier than that and I seem to recall the tongue weight being about 600 pounds so you're probably going to be close but ok.
Posted on 11/12/24 at 8:27 am to DownshiftAndFloorIt
I 100% agree. I’m just very unsure if a conventional, adjustable, or weight distributing hitch is the weight to go. I guess my dilemma is, do I drive all the way to the panhandle to pick this up and drive back with a conventional hitch or one of the others? I may for fork over the $ and have them deliver it but I want to see how she handles for future trips to panhandle. Lots of decisions….
Also, no fat dudes & yetis. Just the wife (no pics), family, and occasional friend. We will not have to trailer this boat constantly, it will be kept in a slip at my house.
Also, no fat dudes & yetis. Just the wife (no pics), family, and occasional friend. We will not have to trailer this boat constantly, it will be kept in a slip at my house.
Posted on 11/12/24 at 12:00 pm to Doby
quote:in my experience if a grown man can’t pick it up off the tongue jack at least a little bit it is to heavy.
Any of you baws know your tongue weight on your vehicle and how heavy your trailered loads are?
In short 500 for the truck should be way enough for tongue weight unless trailer balance is way off. Total payload and towing weight is another matter
This post was edited on 11/12/24 at 12:08 pm
Posted on 11/12/24 at 12:09 pm to DTRooster
quote:
in my experience if a grown man can’t pick it up off the tongue jack at least a little bit it is to heavy.
In short 500 for the truck should be way enough for tongue weight unless trailer balance is way off. Total payload and towing weight is another matter
This isn't really possible with most multi axel trailers. I can't easily pick up my 14 ft flat bed dual axel trailer empty.
Op, if left on a lift personally this is what I would do. Buy it and drive it home not planning to go that fast and during low traffic times. See how it handles and go from there.
Posted on 11/12/24 at 3:02 pm to Doby
quote:
I do have another question for you baws regarding trailering & towing…
Option one: sounds like a great excuse to buy a new truck.
Option two: aren't you on a lift? You're rarely towing anyway. Get a buddy with a bigger truck to help with delivery, then take said buddy fishing.
Option three: rent a pickup from Uhaul (can't tow with other companies) for the rare occasions you need to trailer.
This post was edited on 11/12/24 at 3:04 pm
Posted on 11/12/24 at 3:40 pm to Doby
Congrats on the new boat.
I use to have one the OG body style Durangos that I used to tow a bay boat and it pulled great. The problem you may have is the Durango is pretty low to the ground. When you put that thing on the hitch it’s gonna squat a good bit. You may not even be high enough to take the weight off the folding jack as they can only go so low. So plan accordingly.
I use to have one the OG body style Durangos that I used to tow a bay boat and it pulled great. The problem you may have is the Durango is pretty low to the ground. When you put that thing on the hitch it’s gonna squat a good bit. You may not even be high enough to take the weight off the folding jack as they can only go so low. So plan accordingly.
Posted on 11/12/24 at 6:27 pm to Doby
I was in a similar situation 3 weeks ago. Bought a boat in Birmingham and had to tow it back to BR. I ended up doing it, but got a quote to tow it and it wasn't that bad at all.
Here's a guy that tows boats for a living, and posts most of his tows on thehulltruth, I guess to enhance his credibility. He answered my text request for quote quickly. 310-720-2577
Here's a guy that tows boats for a living, and posts most of his tows on thehulltruth, I guess to enhance his credibility. He answered my text request for quote quickly. 310-720-2577
This post was edited on 11/12/24 at 6:28 pm
Posted on 11/12/24 at 11:08 pm to jake wade
quote:
Awesome to hear about your family time and memories made. You cannot put a price on that.
Sure you can, folks to it all the time. In fact you have to put a price on it.
To the OP, we don't know your financial position, but I'd want probably $500k in family income before I spent $75k on a boat. Depending on other debts, age of kids, etc.
My rule of thumb, if it makes you money it is fine to finance it, it if costs you money, pay cash.
If you're going to take charters out on it or entertain clients on it, then that is another factor to consider.
Posted on 11/13/24 at 12:30 am to Doby
My Dad recently passed away at 80 yrs old. He knew he was close and he and I spent a good bit of the last month or so on a boat, a pier and the occasional bar stool talking about his life. We talked about every camp, boat (over a dozen), muscle car, RV, motorcycle and ATV he ever owned, every trip we ever took and every major purchase he ever made. Whether they were shitty or fantastic, even the awful ones, had great memories.
At times, we discussed the regrets he had. Almost all were the things he did not do, did not buy, or places he didn't go.
Buy the boat.
At times, we discussed the regrets he had. Almost all were the things he did not do, did not buy, or places he didn't go.
Buy the boat.
Posted on 11/13/24 at 8:27 am to Doby
quote:
Talk me out of buying a new boat
It'll be a happy day.
Posted on 11/13/24 at 4:01 pm to Basura Blanco
quote:
Basura Blanco
Thank you for sharing. Sorry for your loss. I lost my father 4 years ago but had a similar situation where I spent everyday for two weeks with him doing all the fun things he and I liked to do. My single grateful experience from COVID lockdown. He was a great man.
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