Who pays nearly $230,000.00 for a boat to fish?

[DockShootinJack]

A painful lesson

[Slab]

It's only money. Can't take it with you. But yeah, that's ridiculous.

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[keeferfish]

It's only money. Can't take it with you. But yeah, that's ridiculous.

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But it's not YOUR Money is why it's such a Big Deal. You're borrowing it!

[silverside]

In 1981 I paid $6000 for a new 17 ft aluminum with 40 hp. In 1986 I paid $500 for a new 12 ft lake jon for small lakes. They both still catch as many fish as they did new. Iguess I saved major $$$$$$$.

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[DockShootinJack]

The price of a nice home. That will gain value over time

[Retired2Fish]

Our daughter is in the banking industry. She says that these types of purchases are seldom or not ever paid off. They are lost to foreclosure or refinanced over and over. Either one of these outcomes costs the borrower big over time. Financing a boat over 20 years does not make sense to me.

[Chuck Adams]

Our daughter is in the banking industry. She says that these types of purchases are seldom or not ever paid off. They are lost to foreclosure or refinanced over and over. Either one of these outcomes costs the borrower big over time. Financing a boat over 20 years does not make sense to me.

Haven’t owed anybody or anything for over 20 years.
Never owned a credit card.
My Daddy taught me if you don’t have the cash don’t buy it. Only thing I ever financed is my house and paid it off 7 years early by paying extra on principle. Cash is king.
But I’m 68 years old. Worked ALL my life and lots of 2nd jobs too.
Times have changed and I’m sure it’s not for the better.


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[keeferfish]

Never owned a credit card.
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We charge everything possible that does not charge us extra for using the card and pay it off monthly. We get between $75.00 and $100.00 of free money deposited in our bank account monthly for it. If you're disciplined it might make financial sense.

[huntinslabs]

If the banks would stop lending money for these ridiculous long terms on vehicles, boats and rv's the prices would plummet. But folks are hung up on monthly payment $$ and won't listen to reason otherwise.

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[keeferfish]

If the banks would stop lending money for these ridiculous long terms on vehicles, boats and rv's the prices would plummet.

So would their record profits, the Banks and lending intuitions that is!