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| What do you do for work. With the price of boats these days theres got to be a ton of muskie fishing lawyers and doctors. 40 - 60k for a new boat!!! |
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Posts: 1317
Location: Lebanon,Mo | Huh?? I have fished for Muskys for 15 years and never payed half that for a boat.Oh wait....not even a 1/3. |
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Posts: 1638
Location: Minnesota | not that hard i have a small house so small house payment no wife no kids buy what i want my money is my money work 10 to 15 hrs of over time a week that makes boat payment and then some it all come down to what you want big house fancy cars or a nice boat |
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| Some of boats today definitely cost a ton of money. I was surprised how much the late 90s Rangers are still going for. The odds I'll ever own a new Ranger are falling by the second. |
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Posts: 1453
Location: Kronenwetter, WI | Maybe tell us your annual income and your monthy expenses. Lots of smart guys on here who would be happy to direct you to a year/make/model that would be in your budget. |
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Posts: 121
Location: Plymouth IA | yes new boat prices are high and i have been Muskie fishing for 40 years now, my 1st boat, 2 motors and trailer was $500 used. it all comes down to priority's in life lot's of folks have $40k + cars and they do not last like a good boat. I will probably never buy the big dollar boat, but THANK YOU to the folks that do. Because of them i can get a great deal on the old boat 2 or 3 owners later. |
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Posts: 1036
| I got a great deal on my Ranger. It costs less than our electric bill! |
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| Seeing credit reports on a daily basis, I will tell you how people afford $50,000 boats ... $500 boat payments.
Or cheaper boat payments but 10 or 15 year boat loans. Yes, I was shocked too, but I have seen 15 year boat loans.
Crazy
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Posts: 8780
| Wow... If you need 15 years to pay for it, you had better be living in it. I can't imagine taking out a loan on something that you KNOW will be worth less than you owe before it's paid for. |
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Posts: 13688
Location: minocqua, wi. | all you have to do is look at the used boat market and see how much principle has been paid (asking price) vs. book value. boats are not being bought ... it's like a leasing game trying to figure out how to fit someone's payments into a loan they can afford to walk out with. boats rarely get bought ... they typically get rented for the cost of the interest.
one level down from the housing market collapse ...
the "value" correction is coming |
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Posts: 1080
| If you're a recreation boater/fisherman...when it comes to a boat: If it floats....go with it.
If you're a full-time, seasoned pro/guide that puts a LOT of hours in a boat and are on the water 8 days a week...well then....creature comforts come at a cost. |
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Posts: 357
Location: Duluth, MN | My 620way is only $92 a month!
I started out with a 14 footer, 3other boats between that and my 620. Took care of my boats and made them better that when I bought the so when it came time to sell and upgrade I made money on them. Took me 10 yrs but I now have my dream rig, and I'm not wealthy by any means. |
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| It's called "saving up". I took the time over 3 years, saved up $21k, financed $10k on a two year loan and paying it off early. I've had my 620 for 3 seasons and will have title to boat and outright own it in June. I don't think I'd purchase a brand new $60-70k boat but if I did I'd sure save up at least half and keep my payment low but the best boats are the ones that are owned. I'm also a family man with 2 kids and made sure I made the purchase before the second kid arrived. Most boat loans are completely affordable with a good down payment... |
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| Alot of good points but the topic is current prices of NEW boats. Out of hand if you ask me. |
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Location: Green Bay, WI | I was going to buy used this year, but found a 2009 "new" (never sold) unit with slightly different features than I would have preferred. But for $5-6K less than a 2012 would cost, I guess it's almost at "used" prices. In the end it cost about $2-3K more than buying a used boat from the same year, according to what I saw on the Internet when we pulled the trigger. And we are able to pay cash for it, is the best part.
I agree--the days of buying a "new" boat are probably over for me, without a big whopping down payment. These things are getting WAY past expensive.
TB |
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Posts: 32886
Location: Rhinelander, Wisconsin | I think part of the issue is the evolution and advancement of the equipment itself, and the demand for it from the public. $80 K for a FISHING boat?
Yep.
Crazy stuff. |
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