loan rates

[Mike185]

whole life policies?  helocs? 20 year loans?  lots of broke people on this thread!

[Stevo]

6 minutes ago, Mike185 said:

whole life policies?  helocs? 20 year loans?  lots of broke people on this thread!

Keen observation there Scrooge McDuck, pics of the money bin? 

Might want to get a few more posts in the bank if you wish to be considered to be more than a troll.

[Pnwrider]

11 minutes ago, Mike185 said:

whole life policies?  helocs? 20 year loans?  lots of broke people on this thread!

Says the guy without a boat

[Mike185]

Yep, no boat currently.  But my other toys and cars are paid for. Sold my Moomba XLV in 2013 when I had to relocate for work.  Moving back to the lake so now I need a new one. 

I was really just making a Dave Ramsey Joke.

Just saying, I wouldn't risk my house for a boat and whole life policies are basically a scam.  

[bamaboy]

^^^I like this guy.  He's got some stones.

 

Reminds me a young, brash character from a few years ago.  He came in, guns blazing complaining about spray from his surf gate.  That guy truly was a "game changer".  What was his name again?

 

[Stevo]

48 minutes ago, bamaboy said:

^^^I like this guy.  He's got some stones.

 

Reminds me a young, brash character from a few years ago.  He came in, guns blazing complaining about spray from his surf gate.  That guy truly was a "game changer".  What was his name again?

 

Gollum ??

 

 

 

Edited January 20, 2017 by Stevo

[Chrisjjbrown]

I am with @bamaboy this guy has some moxie.   Gotta respect that.   He also apparently has a boat load of cash.   Good guy to be friends with.  

Hahahaha ....Loans are for peasants or moomba owners  

 

 

 

[Fman]

On 01/19/2017 at 7:00 PM, Mike185 said:

whole life policies?  helocs? 20 year loans?  lots of broke people on this thread!

There are a lot of different options for people to purchase a vehicle or boat.  I don't think just because someone mentions a heloc for a loan option they are broke.  Could it be they have a LOT of equity in there home?  I'm a fan of cash is king but if you can invest your money properly sometimes financing is not evil and can actually make sense.

[Mike185]

My wife always says there is a reason I don't have friends.

It was a joke guys, do what you want.

It is a little frustrating that easy financing keeps driving up prices even in the used market.  Its the same problem with housing, tuition and vehicles.  No one looks at prices anymore, just payments. 

 

 

[BadgerBoater55]

1 hour ago, Mike185 said:

It is a little frustrating that easy financing keeps driving up prices even in the used market.  Its the same problem with housing, tuition and vehicles.  No one looks at prices anymore, just payments. 

Blame my generation, the millennials... Horrible long term planners, its all about today.

[Sailvi767]

1 hour ago, BadgerBoater55 said:

Blame my generation, the millennials... Horrible long term planners, its all about today.

Not true, it's all about this morning, the afternoon is months away!

[hunter77ah]

1 hour ago, BadgerBoater55 said:

Blame my generation, the millennials... Horrible long term planners, its all about today.

It's sad but true. I don't operate this way (even though I'm in this age group) solely because I've seen what happens (I'm a creditor's  rights attorney). Payments are fine until you have an unforeseen expense or until you think about retirement. So many of my friends are "living the good life" though payments. I'm happy they are enjoying it, but it's seems really really risky to me.

[Fman]

22 minutes ago, hunter77ah said:

It's sad but true. I don't operate this way (even though I'm in this age group) solely because I've seen what happens (I'm a creditor's  rights attorney). Payments are fine until you have an unforeseen expense or until you think about retirement. So many of my friends are "living the good life" though payments. I'm happy they are enjoying it, but it's seems really really risky to me.

Hopefully people are thinking about retirement in there early 20's.  imo starting early is the key for long term success.  It amazes me when people are in there mid to late 40's just starting to invest, they are playing the catch up game.  No different with college for your kids, game changer when you have a fund set aside for them when it's time to head off to school.  And wow, time sure flies because it happens quick!

[bamaboy]

7 hours ago, Mike185 said:

 

It is a little frustrating that easy financing keeps driving up prices even in the used market.

 

Should be no problem for you captain money bags.  

 

Sassy new guy gotta take your lumps

Edited January 21, 2017 by bamaboy

[The Hulk]

On 1/21/2017 at 10:03 AM, BadgerBoater55 said:

Blame my generation, the millennials... Horrible long term planners, its all about today.

Ahhh darnit here I have been making fun of millennials then I just googled it only to see the horrible... I'm included... Noooooo...it can't be... somehow Im barely a millennial... Say it isn't soooo...Nooooo. Lord help me... 

[NWBU]

2 hours ago, The Hulk said:

Ahhh darnit here I have been making fun of millennials then I just googled it only to see the horrible... I'm included... Noooooo...it can't be... somehow Im barely a millennial... Say it isn't soooo...Nooooo. Lord help me... 

Some millennials are terrific, some...

[RTS]

On 1/20/2017 at 11:38 AM, Mike185 said:

I was really just making a Dave Ramsey Joke.

 

You forgot to talk about Rice and Beans and Beans and Rice....with a whole lot of holier-than-thou attitude thrown in.  Otherwise, someone may have got the joke.

 

Edit:  scratch that...you had the Dave Ramsey attitude nailed...

Edited January 22, 2017 by RTS

[The Hulk]

2 hours ago, NWBU said:

Some millennials are terrific, some...

Maybe I can move back in with my parents and save for a new M255! 

[BadgerBoater55]

6 hours ago, The Hulk said:

Ahhh darnit here I have been making fun of millennials then I just googled it only to see the horrible... I'm included... Noooooo...it can't be... somehow Im barely a millennial... Say it isn't soooo...Nooooo. Lord help me... 

Hey man, the first step to solving a problem is admitting you have one  

[williemon]

I always work out the lowest best price, then the best financing because i never have that kind of cash on hand. It all goes into the house and retirement plans. 

[Fman]

There is also just some things in life that just are not good investments, boats are definitely one of them regardless if you pay cash or finance it.  Sometimes you have to look at what your get out of it, time with your family, making some great memories and walking out to your garage and seeing a beautiful boat with some pride of ownership ready to head out on the water!  20 years from now really wont make a financial make or break difference for most of us on here BUT you will have some great memories to look back on with your family and friends which are priceless and the best investment possible!

Remember you cant take it with you anyway, work hard and play hard 

Edited January 23, 2017 by Fman

[isellacuras]

I am all about borrowing based on the cost of money. I am not upgrading due to the cost of new boats and more importantly the cost of money. I took a 15 year loan at just over 3% back in 2013 with 50% down on a 60k NEW boat. Today that same model would be close to 90k with 4.5% or more which takes things out of reach for me and my financial comfort zone. I always say buying the boat is cheap. Using the boat is what is expensive.  At 100+ hours a year, I spend way more on gas and "stuff" than I do on the boat. Like Fman says, the memories are priceless. I would have probably had A lot of fun on a 30k boat but for me the cheap payment makes having a newer, nicer boat that much better. I wouldn't borrow without an exit strategy too. That's important to me. 

[Mike185]

On 1/21/2017 at 3:21 PM, bamaboy said:

Should be no problem for you captain money bags.  

 

Sassy new guy gotta take your lumps

not a problem just frustrating.

Edited January 24, 2017 by Mike185

[Malibuzer]

4 minutes ago, ConnollyCrew said:

So you beleive that if boats were more difficult to buy and fewer were sold they would be cheaper???? That is not intelligent.

I don't believe that's what he was saying at all.

 

[Nitrousbird]

On 1/23/2017 at 0:52 AM, Fman said:

There is also just some things in life that just are not good investments, boats are definitely one of them regardless if you pay cash or finance it.  Sometimes you have to look at what your get out of it, time with your family, making some great memories and walking out to your garage and seeing a beautiful boat with some pride of ownership ready to head out on the water!  20 years from now really wont make a financial make or break difference for most of us on here BUT you will have some great memories to look back on with your family and friends which are priceless and the best investment possible!

Remember you cant take it with you anyway, work hard and play hard 

That's fine and dandy...but that doesn't mean you need a 130k new boat to make those memories, when a very nice 30k used boat will make the same ones.  Many folks don't seem to grasp that.