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

[shipahoy41]

Not in my league. Sorry.

[ALBuzz]

I'll play devil's advocate here and propose something:

In today's economy, financing things are about the only way you can go about making large amount purchases. As each day goes by, the dollar is becoming worthless and it will never recover back to what it was once worth due to having nothing of value to solidify physical value. Maybe you can afford to pay 200-400$ a month to get that nice new boat you've been wanting for years and you lock in to a loan with an interest rate you are happy with. We've all seen interest rates skyrocket here recently and it doesn't look like they are coming down any time soon, so why not go ahead and finance it before it gets worse in the future? Still, 100k for a boat is not for me. My 14ft jon boat does enough! Even if I won the lottery, I don't think I could spend 100k on the boat itself.

I only say this because I purchased a new vehicle during the COVID interest rate drop around a 3% interest rate and seeing that the rates for vehicles now are at 7-10% is outrageous.

[Alphahawk]

I'll play devil's advocate here and propose something:

In today's economy, financing things are about the only way you can go about making large amount purchases. As each day goes by, the dollar is becoming worthless and it will never recover back to what it was once worth due to having nothing of value to solidify physical value. Maybe you can afford to pay 200-400$ a month to get that nice new boat you've been wanting for years and you lock in to a loan with an interest rate you are happy with. We've all seen interest rates skyrocket here recently and it doesn't look like they are coming down any time soon, so why not go ahead and finance it before it gets worse in the future? Still, 100k for a boat is not for me. My 14ft jon boat does enough! Even if I won the lottery, I don't think I could spend 100k on the boat itself.

I only say this because I purchased a new vehicle during the COVID interest rate drop around a 3% interest rate and seeing that the rates for vehicles now are at 7-10% is outrageous.

Things ain’t as bad as you think. Back in the early 80’s mortgage rates got to 17.5 percent….the Fed rate was 17 percent……auto loans were at the same. I had a sister-in-law who had a mortgage at that rate. A CD was paying as high as 18 percent……and I benefited from that…..hunkered down working in the Saudi desert. The economy will come back around…always has…..and as always been since time immortal folks will say that we will never recover….but we do.


Regards


Sent from my iPad using Crappie.com Fishing mobile app

[Grainraiser]

Im in the mortgage business and my job is to try and help people keep their homes when they fall on bad times. You can learn alot about a person by looking at their monthly bank statements and credit report. You would be amazed at how deep people are in debt due to credit cards and toys. I have folks who pay 5k a month on credit cards only. I really don't know how some people sleep at night.

[woodyard]

I guess the dealers are planning on someone buying them. Dropped my boat off at a dealer this morning for some engine work. Walking into their parts area , I passed by 5 or 6 Rangers and Tritons. The couple that were close to me, I glanced at the price stickers. One I believe was 68+ K and the other I think was around 80+ K. I am sure the others were right up there with them.
The other side of the showroom had some Lowes and aluminum Rangers that I did not look at, but it seemed to be only one or two that looked to be what most people would consider within reason. First time I have been to a dealer since 2017 when I bought. I guess it was a real bargain then. Some sticker shock now. Crazy

[Cane Pole]

I am still loving my PONDTOON. Best fishing boat I ever owned. I am refreshing the wiring this winter. Replacing all wire terminals and new to me sonar head units. Moved up to larger screens, Lowrance TI2's 9 inch with 2 screens up front. I rebuilt my head unit electric lift. It is synced to the ULTERRA. Thee head unit follows the TM up and TM down motions. I built it from scratch with more muscle to lift the TI2 head unit. Works smooth as EXLAX. I also rebuilt my transducer deploy/stow rig. Started from scratch on it too. Waiting on good weather, you know like 70s, sunshine, and smooth water.

[Chuck Adams]

I went to Cabelas today in Louisville to renew my non resident Kentucky fishing license.
Surprised to see a Ranger pontoon boat. It was high dollar and in the high 80’s.
Didn’t know Ranger was making pontoons.
I guess Johny Morris wants it ALL!!


Sent from my iPhone using Crappie.com Fishing mobile app

[DockShootinJack]

10 years later those boats will be worth pennies on the dollar

[Ketchn]

with interest rates so high and this world so dicey , if I got another boat ,for sure not on a loan if I did ,the payments are one thing , but the constant in your wallet other things will make the payment seem inconsequential , just saying .

[Ketchn]

Im in the mortgage business and my job is to try and help people keep their homes when they fall on bad times. You can learn alot about a person by looking at their monthly bank statements and credit report. You would be amazed at how deep people are in debt due to credit cards and toys. I have folks who pay 5k a month on credit cards only. I really don't know how some people sleep at night.

funny you mention that , I am basically debt free , no payments on our house or ranch or cars or anything , no loans here and there , but we still manage to spend 5 or 6 k every month on our credit cards
that said we run all our monthly expenses thru them , much more secure than bank drafts and no interest if you pay them when due and or before and in the end our credit score "if we chose to use it " is right out of this world high .
some folks don't do well in the spending more than they got money to pay for though and it don't surprise me in the least if the masses are over extended in the financial dept.