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

Like Tree0Likes

is your boat paid off or on a loan ?

Reply
Old 12-20-2006, 12:17 PM
  #71
Registered
 
Join Date: Apr 2002
Posts: 4,215
Default Re: is your boat paid off or on a loan ?

Paid for. Cash is for toys, loans are for things you need.

With the exception of real estate everything I own is paid for.
THRILLSEEKER is offline  
Reply With Quote
Old 12-20-2006, 12:58 PM
  #72
Registered
 
Biligemouth's Avatar
 
Join Date: Jul 2005
Location: Owensboro, KY
My Boats: 04 Rinker 262 w/496 HO
Posts: 36
Default Re: is your boat paid off or on a loan ?

I'm with Jeff32, surprised at the lack of loans.
Biligemouth is offline  
Reply With Quote
Old 12-20-2006, 07:37 PM
  #73
Registered
VIP Member
 
HotPursuit's Avatar
 
Join Date: May 2004
Location: Slidell,Louisiana
My Boats: 40 Skater
Posts: 1,783
Default Re: is your boat paid off or on a loan ?

Quote:
Originally Posted by Pantera1
FREE? health care.. Im pretty sure your taxes pay for that
Also living next to the greatest super power in the world helps.Canada saves billions on not having to have a military
power maybe you guys should pay our health care!!!
sorry off subject
HotPursuit is offline  
Reply With Quote
Old 12-22-2006, 10:50 AM
  #74
Registered
 
Join Date: Oct 2006
Location: Appleton, WI
My Boats: Powerquest 280 Silencer
Posts: 1,025
Default Re: is your boat paid off or on a loan ?

Financed my first boat. Paid cash for the second boat. Gonna sell the first boat this spring. Just a blue collar guy trying to live within my limits.
MacGyver is offline  
Reply With Quote
Old 12-23-2006, 08:17 PM
  #75
Registered
 
Join Date: Jul 2006
Location: Halifax, Nova Scotia, Canada
My Boats: 1987 Advantage 24' Offshore
Posts: 66
Default Re: is your boat paid off or on a loan ?

The boat is all paid for and miss Visa is back to virgin status.
merlyn1965 is offline  
Reply With Quote
Old 12-24-2006, 01:57 PM
  #76
Registered
Thread Starter
 
jeff32's Avatar
 
Join Date: Jun 2004
Location: St-Hyacinthe, quebec, canada
My Boats: 2000 triple 500 efi Sonic 45
Posts: 6,254
Default Re: is your boat paid off or on a loan ?

Quote:
Originally Posted by merlyn1965
The boat is all paid for and miss Visa is back to virgin status.
Good to see someone from Halifax! Back in 1993, I was racing and we went to the Moosehead Grand Prix that was held in your city streets. Nice place to see! Maybe the fact I won the Grand Prix helped me find Halifax to be a nice place!

Really enjoyed the, place, the city and the track even if it was really bumpy!
jeff32 is offline  
Reply With Quote
Old 12-24-2006, 02:09 PM
  #77
Registered
 
Join Date: Jun 2005
Posts: 9,594
Default Re: is your boat paid off or on a loan ?

I have the cash to pay off boat but want the flexibility of having cash in hand. You know the old saying, "the bank only wants you to loan you money when you don't need it!"

My original loan was for about 65% of price of boat so at no point was I upside down. Besides that payment every month reminds me to get it wet more often!
Jupiter Sunsation is offline  
Reply With Quote
Old 12-24-2006, 03:46 PM
  #78
Registered
 
Join Date: Jun 2006
Location: Ontario,Canada
My Boats: 95 Top Gun
Posts: 705
Default Re: is your boat paid off or on a loan ?

All my toys are paid for. Although each one took a lot of work to convince my wife I needed another toy.
I use the "asset realocation" line and so far it's working.
But when push comes to shove I just go ahead and buy, sometimes asking for forgiveness is easier than permission .
1bagger is offline  
Reply With Quote
Old 12-24-2006, 11:11 PM
  #79
littledrew
Guest
 
Posts: n/a
Default Re: is your boat paid off or on a loan ?

Free and clear
 
Reply With Quote
Old 12-25-2006, 02:10 PM
  #80
Platinum Member
Platinum Member
Trade Score: (1)
 
articfriends's Avatar
 
Join Date: Jun 2004
Location: Frankenmuth
My Boats: EX 99 MPH 272 Baja owner, 1999 Scarab 33 AVS NOW
Posts: 6,072
Default Re: is your boat paid off or on a loan ?

Heres another take on the is your boat paid off subject-lets say you paid 200G's for your boat BUT you owe 20,000 in unsecured credit,150,000 on your house and 30,000 on your truck,you still really owe 200,000$ because if you hadn't bought the boat you could have paid off all your other debt. If your income was substantially reduced you would sell your boat first as it is still a luxery. Now for the lucky few who owe nothing on other things your boat is truly,totally paid off. I still owe 21,000 on my boat but I write the interest off along with my mgt and home equity line of credit. Even in my case,I have pizzed away enough money in numerous upgrades I could have paid my house off by now if I didn't boat at all,but you gotta love the sound of a 950hp blower motor winging along at 5900 rpm's , Smitty
Attached Thumbnails
is your boat paid off or on a loan ?-dsc03834.jpg  
articfriends is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Chuck
General Boating Discussion
156
08-27-2012 05:39 PM
Madcow
General Boating Discussion
13
11-05-2004 01:20 AM
Sydwayz
General Boating Discussion
19
03-03-2002 09:30 PM



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 05:33 PM.


Copyright 2011 OffShoreOnly. All rights reserved.