View Poll Results: is ypour boat paid off or on a loan ?
totally paid off
200
51.55%
I have a loan somewhere that helps me have it.
188
48.45%
Voters: 388. You may not vote on this poll
is your boat paid off or on a loan ?
#41
Registered
Re: is your boat paid off or on a loan ?
Mine is paid for, 10 yo, runs 84-85 mph, still looks good even if it is a Baja. Whenever I think of trading up I look in my checkbook and wonder where the payment would come from!
#43
Platinum Member
Platinum Member
Re: is your boat paid off or on a loan ?
Originally Posted by Marginmn
What are you doing to earn 50% on your cash?
#44
Registered
Join Date: Dec 2000
Location: EASTON MA.
Posts: 6,281
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Re: is your boat paid off or on a loan ?
Originally Posted by Pantera1
I cant buy the argument that having liguidity for investments can return dividends high enough to compensate for depreciation and interest on a boat loan. You would have to make 20% on your money to break even.
#45
Platinum Member
Platinum Member
Re: is your boat paid off or on a loan ?
Originally Posted by Pantera1
I cant buy the argument that having liguidity for investments can return dividends high enough to compensate for depreciation and interest on a boat loan. You would have to make 20% on your money to break even.
It help's being at the right place at the right time.
#46
Offshore Cowboy
Platinum Member
Re: is your boat paid off or on a loan ?
Bottom line.... I think everyone has learned (unfortunately from National Marine, and the likes thereof), that financing the purchase IS A MUST. What one does after that depends on each person's mind-set and financial options (and/or opinions ), whether to immediately pay-off or continue the finance option.
Joe
Joe
#47
Registered
Re: is your boat paid off or on a loan ?
Originally Posted by Jassman
Realestate at 20% is a minimum. Building spec homes the margin's are at a given 20%....minus the deductions. Land purchases depending on what the anticipated value is ...300k investment will earn you 1-1.5k return in 1-2 years. Condo development deals like that all around, thats how my partner and I structure them. Jeff
It help's being at the right place at the right time.
It help's being at the right place at the right time.
#48
Registered
Re: is your boat paid off or on a loan ?
Originally Posted by Jassman
Realestate at 20% is a minimum. Building spec homes the margin's are at a given 20%....minus the deductions. Land purchases depending on what the anticipated value is ...300k investment will earn you 1-1.5k return in 1-2 years. Condo development deals like that all around, thats how my partner and I structure them. Jeff
It help's being at the right place at the right time.
It help's being at the right place at the right time.
#49
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Join Date: Feb 2004
Location: Monclova, Ohio
Posts: 145
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Re: is your boat paid off or on a loan ?
Originally Posted by Marginmn
What are you doing to earn 50% on your cash?
#50
Platinum Member
Platinum Member
Re: is your boat paid off or on a loan ?
Originally Posted by Pantera1
Do you mean 1-1.5 points