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  1. #1
    Registered H2Xmark's Avatar
    My Boats:
    1997 Fountain 35 Lightning
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    Apr 2001
    beaumont tx

    to buy or not to buy

    Well, anybody going to spend some money in 2003, are will you be holding up, I am thinking about buying a bigger boat, but the economy has me worried a bit, any thoughts on this?

  2. #2
    Charter Member #1055/Moderator Charter Member GO4BROKE's Avatar
    My Boats:
    Sonic 386
    Join Date
    Feb 2001
    I  Voted
    If everybody waits to see what the economy does, it will only decline. I buy what I want as soon as I can afford it.

  3. #3

    Re: to buy or not to buy

    Originally posted by H2Xmark
    Well, anybody going to spend some money in 2003, are will you be holding up, I am thinking about buying a bigger boat, but the economy has me worried a bit, any thoughts on this?
    If you are concerned about your future earnings, the only advice I can give is not to pay cash for the boat (assuming you can get a good interest rate). You should be able to get a good deal right now.

  4. #4
    VIP Member VIP Member wildthing357's Avatar
    My Boats:
    37 Outerlimits
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    Aug 2002
    Lake St Clair
    I agree Live for today and not worry aboat tomarrow.

  5. #5
    Registered florida gator's Avatar
    My Boats:
    1996 Wellcraft Scarab Sport & 1990 Donzi GT210
    Join Date
    Sep 2002
    Clearwater, Florida
    I was planning on a bigger boat. I ended up with a prenant wife. I may have to put it (boat) on hold until 04. Although my job is affected by the economy, that does not have any bearing on my decision. The more I buy, the harder I am forced to work to make more money.

  6. #6
    GLH is offline
    Platinum Member Platinum Member GLH's Avatar
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    Dec 2002
    Burlington, VT
    Gator I think my wife might also be "Prenant"... That's why we need a bigger boat!

  7. #7
    Registered East Coast B's Avatar
    Join Date
    Jun 2001
    Lehigh Valley, Pennsylvania
    We're in the same boat as you are... we want to go from our 26 to a 31...... The concerns of my company tightening the ropes scare us as well.... We could get into a new to year old boat, but things would be very tight..... and right now that scares me.... so we sat down and put together a plan of attack.... First sell our boat and trailer, sell trailer I had bought for a new boat that we were going to buy and sell our 4th car. And during this time, I'm going to put up a 26' x 40' x 10' garage. Only when we complete these items, then we will bring home the new boat. So I guess what I am saying is tighten up as much as you can and keep the loan down as much as possible on a new boat. Then if things do go bad for you, you only have one headache to worry about.... That's my plan of attack to deal with fears concerning the economy.... No more leaving out the slack with the finances..... But, it is so tempting when you see the new boat to want to bring it home..... Anyone looking for a 26' boat and trailer? 1993 BMW 325IS.... Unused trailer for 29-31' boat?

  8. #8
    Registered Madcow's Avatar
    My Boats:
    Cigarette Top Gun, Scarab Center Console
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    Oct 2001
    Toledo Oh
    I don't know about the rest of the country but we just had our best Christmas season ever. Lots of other company's I've talked to said the same thing. I know there was a lot of talk about poor economy, but I have yet to see it.

  9. #9
    Platinum Member Platinum Member mcollinstn's Avatar
    My Boats:
    1991 F311SR1
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    Sep 2001
    the manufacturing sector is dying. yet another major appliance mfr is moving their operations to Mexico. basically putting a whole county on the soup line in Indiana. They told their employees the day before Christmas eve. Plant will be gone by jan 2004.

    Consumer confidence is one thing, but corporate loyalty to america is shaky at best.
    I see London, I see France...

  10. #10
    My Boats:
    1949 Chris-Craft
    Join Date
    Mar 2002
    Orlando, FL
    Here in FL the insurance industry is beating the Dr's and businesses to death. Many Dr's can't get insurance and have stopped certain portions of their practices. The lawyers and jurys are taking them to the cleaners.

    I know my insurance at my shop, auto/tk repair, has jumped. The damn workmans comp......well don't get me started there. That is a SORE subject with me. It's just out of control.

    Anyway, on a lighter side. I agree just buy what you want. Use your head and don't jump in over it.

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