Like Tree0Likes

May have to sell my new Formula 312

Reply
Old 02-22-2005, 11:05 PM
  #21
S.O.B (single O/B) now
Platinum Member
Thread Starter
 
t500hps's Avatar
 
Join Date: Sep 2004
Location: Richmond VA
Posts: 7,921
Default Re: May have to sell my new Formula 312

Quote:
Originally Posted by formuladude312
It has 454 mags with latham, I looked at buying that one before i bought my 01
I hope to work out something to keep it....things always seem to work out for me.
What power is in the 01 you have? drive ratio? props? speeds? other than speedo, I haven't gotten to see what mine will actually do. Shos 77 on speedo, but who knows.
I have 1.65 bravos w/ 30 pitch labbed props. Spins right up to 5,000 even on both motors.
t500hps is offline  
Reply With Quote
Old 02-22-2005, 11:17 PM
  #22
Charter Member #1171
Charter Member
 
obnoxus's Avatar
 
Join Date: Feb 2001
Location: New Lenox , Il
My Boats: 2000 36 OUTLAW SOLD SHOPPING
Posts: 3,913
Default Re: May have to sell my new Formula 312

Hope you get to keep her. Good looking boat !!!!!!
__________________
IF YOUR UNDER CONTROL,,,,,YOUR NOT GOING FAST ENOUGH !!!!
obnoxus is offline  
Reply With Quote
Old 02-23-2005, 12:30 AM
  #23
Are we having fun, yet?
Charter Member
 
Gizmo's Avatar
 
Join Date: Mar 2001
Location: Chesterfield, Va.
My Boats: 95' 32' Sunsation, 500hps
Posts: 781
Default Re: May have to sell my new Formula 312

Gee dude, this story sux. I hope things work out for you and you get to keep the boat.

Btw - did you bid on a Garmin GPS on Ebay this past week? I bid against a t500hp.
__________________
Jay
Gizmo is offline  
Reply With Quote
Old 02-23-2005, 06:35 AM
  #24
Registered
 
mwdill's Avatar
 
Join Date: Feb 2003
Location: SML VA
My Boats: 02 HUSTLER SLINGSHOT
Posts: 2,952
Default Re: May have to sell my new Formula 312

Quote:
Originally Posted by t500hps
No...Was sold new/ kept in Long Island and that's where I got it from. Isn't the one in SML still for sale???and have 454/310's.
have not seen it for a while,not sure if it sold,ithink it has mags in it.
mwdill is offline  
Reply With Quote
Old 02-23-2005, 08:30 AM
  #25
S.O.B (single O/B) now
Platinum Member
Thread Starter
 
t500hps's Avatar
 
Join Date: Sep 2004
Location: Richmond VA
Posts: 7,921
Default Re: May have to sell my new Formula 312

Quote:
Originally Posted by Gizmo
Gee dude, this story sux. I hope things work out for you and you get to keep the boat.

Btw - did you bid on a Garmin GPS on Ebay this past week? I bid against a t500hp.
YES!!!! Thanks alot!!
I ended up getting one on Sat. (and then got this news Monday) did you win? I was trying to get one of several. Ended up getting one that was "buy it now". It showed up yesterday and looks good so far.
Your in Chesterfield, what kinda boat do you run? Maybe I have seen you on the James.
Russ C.

Just looked at your profile......Do you keep your boat at small boat harbor? I believe there are 2 32 suns there. I had a 29 Sundancer that was for sale on a WAY too big trailer sitting in that lot this past summer. Also ran a 21 Chris Craft we trailered.

Last edited by t500hps; 02-23-2005 at 08:34 AM.
t500hps is offline  
Reply With Quote
Old 02-23-2005, 08:44 AM
  #26
A to Z
Platinum Member
 
Sean H's Avatar
 
Join Date: Apr 2004
Location: KC/LOTO
Posts: 9,156
Default Re: May have to sell my new Formula 312

really, where is gordo...... i think this is exactly what he was looking for...
Sean H is offline  
Reply With Quote
Old 02-23-2005, 09:09 AM
  #27
OSO OG
Gold Member
 
DollaBill's Avatar
 
Join Date: Feb 2004
Location: Blue Martini Hall of Fame
My Boats: Making hot chicks hotter since 2010
Posts: 7,031
Default Re: May have to sell my new Formula 312

Quote:
Originally Posted by sellwaterfront
Not sure you can borrow on the equity. I have been trying to pull some cash out of my boat also paid for. The boat loan guys tell me they cant finance a boat I own outright unless I am going to put the money back into the boat.
My F&I dept did at least 10 of these last year. I can't see why they would not do this. My point is that 500 sounds like he has his financial act together and this would be a good solution.

He can keep the boat and pay a little interest for a year or so while he pays it off again. $1000 in interest is cheap compared to dumping the boat and taking a 5-10K hit.
DollaBill is offline  
Reply With Quote
Old 02-23-2005, 11:27 AM
  #28
S.O.B (single O/B) now
Platinum Member
Thread Starter
 
t500hps's Avatar
 
Join Date: Sep 2004
Location: Richmond VA
Posts: 7,921
Default Re: May have to sell my new Formula 312

Quote:
Originally Posted by buyafountain.com
My F&I dept did at least 10 of these last year. I can't see why they would not do this. My point is that 500 sounds like he has his financial act together and this would be a good solution.

He can keep the boat and pay a little interest for a year or so while he pays it off again. $1000 in interest is cheap compared to dumping the boat and taking a 5-10K hit.
Thanks for the "financial act together" comment...i try. I have considered doing this and still may. My concern is that this tax issue will continue for 10 years until the property is paid for. Then I will be is GOOD shape. I just don't want a loan to be a temporary solution to a long term problem. I earn a living on commission and am quite conservative with my money. The combination makes me cautious when facing new/ unknown debt.
I've probably jumped to gun....will be meeting with the accountant/ CPA next week to discuss.
t500hps is offline  
Reply With Quote
Old 02-23-2005, 11:37 AM
  #29
Platinum Member
Platinum Member
 
Join Date: Feb 2002
Location: Maine
My Boats: 2001 Formula 312 Fas Tec
Posts: 239
Default Re: May have to sell my new Formula 312

Quote:
Originally Posted by t500hps
I hope to work out something to keep it....things always seem to work out for me.
What power is in the 01 you have? drive ratio? props? speeds? other than speedo, I haven't gotten to see what mine will actually do. Shos 77 on speedo, but who knows.
I have 1.65 bravos w/ 30 pitch labbed props. Spins right up to 5,000 even on both motors.
T500hps, I have 502 mag mpi's Labbed 30's bravo 1's by houston proppeller, 70.3 on built in garmin gps before labbing 74.6 after labbing was real pleased with darrins work, same drives as yours spinning at 5150 just below rev limiters my speedo shows like 78 its about 4 off from gps

I lake tested the exact same boat as yours at lake cumberland same graphics same year same pkg very nice boat, just could not agree on a price, If you can afford to keep it you will not be dissapointed, running low 70's stock all day long
formuladude312 is offline  
Reply With Quote
Old 04-05-2005, 12:45 PM
  #30
S.O.B (single O/B) now
Platinum Member
Thread Starter
 
t500hps's Avatar
 
Join Date: Sep 2004
Location: Richmond VA
Posts: 7,921
Default Re: May have to sell my new Formula 312

Formuladude312.....Are your props spinning in or out???

Just got the drives back and hope to test run this weekend. The boat was set up to run in, but have heard I should turn them out.
t500hps is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
derek111111
Formula
1
07-17-2008 08:20 AM
tomswift
Formula
19
05-04-2005 06:13 PM
UPTHECREEK
Formula
23
03-27-2005 08:57 PM
t500hps
Formula
1
02-21-2005 07:59 PM
RLW
Formula
3
07-18-2002 09:42 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 01:53 AM.


Copyright 2011 OffShoreOnly. All rights reserved.