Boo Posted June 19, 2005 Share Posted June 19, 2005 Ive been looking at alot of boats lately. The prices of boats is dang ridiculous! How can someone pay for a boat that cost $40,000 and not lose sleep at night? Also knowing in 3 yrs the boat will be worth half as much. Im just wondering what type of financing these fellas use to purchase a boat with that sort of price tag? Ive been looking at used Bass Cat boats that are 5 yrs old and the guy wants $22,000 for the the thing, what the hell! My question is "Whats in their wallets?". Quote Link to comment Share on other sites More sharing options...
gamblerOH Posted June 19, 2005 Share Posted June 19, 2005 I  think its the 12 year financing, thats why after hes owned it 5 years he still owes 30,000 on it. I had no clue that you could get a boat financed for that long. I always buy my stuff  used and the banks will only finance a used boat for 5 years(i've heard some go for 6) so at least I get it paid off in a reasonable time. we had a thread on here a while back similar to this and some pointed out that the boat manufactures were raising prices since they new the banks would stretch the payments out so long. I think this is exactly whats going on, they know if someone can just pay the payment then they will buy the boat. Quote Link to comment Share on other sites More sharing options...
Fatdaddy150 Posted June 19, 2005 Share Posted June 19, 2005 Hey a guys gotta do what a guys gotta do!! Shop around and you can find a good deal. If you can wait until early January and buy a new boat. You can get a brand new boat warranty and all at a huge discount! Because the 2006 models will be coming out and they need to loose the inventory to make room, it is also the slow season for most boat dealerships. Quote Link to comment Share on other sites More sharing options...
bassdocktor Posted June 19, 2005 Share Posted June 19, 2005 Yeah it seems one of the only ways you can buy a new boat is if you first sell an old one. Otherwise how can you pay $40000 over 5 years. Seems kinda hard if you have a family or if you are going to be starting college like I am. Quote Link to comment Share on other sites More sharing options...
Boo Posted June 19, 2005 Author Share Posted June 19, 2005 Oh I have a good job with good pay but I still cant afford a $40,000 boat, thats more than half of what the purchase price of my home was. Seems like 3-4 yr boat prices are too steep too, but Ill keep looking. Quote Link to comment Share on other sites More sharing options...
drr Posted June 20, 2005 Share Posted June 20, 2005 boo, don't know where you are from, but if you are on the west coast, or close try this site, just because they want don't mean they can get and alot of these guys are motivated because they have new boats on the way. make an offer all they can do is say no. ;D Â http://www.westernbass.com/classifieds/index.php?method=showhtmllist&list=advertisement_active&clearoff=1 Quote Link to comment Share on other sites More sharing options...
JTL Posted June 20, 2005 Share Posted June 20, 2005 Yeah, the prices of new new boats are off the hook... I make good money, but I won't pay these prices they are asking... Â I'll try to find a used boat at a good price.... Quote Link to comment Share on other sites More sharing options...
Keitht Posted June 20, 2005 Share Posted June 20, 2005 I just question the fact that you have to spend 40,000 for a new boat. I mean, what kind of a boat do you really need to go fishing with? I just bought a new boat for around 13,000. It does everything the 40,000 dollar boat can do except run 60 MPH. But I don't have to run that fast to fish. Quote Link to comment Share on other sites More sharing options...
gamblerOH Posted June 20, 2005 Share Posted June 20, 2005 To be honest If your fishing a big lake or river and have a long run to make which is often, 60 mph wont even get you there. I ran 40 miles one way in a tourney this weekend. My boat happens to be fast enough that even after drawing  19 I still managed to be the third boat there. The spot i'm talking about is without a doubt the best creek in this particular pool of the river so it is very important that you get there fast. I was behind a couple of others who drew low starting #'s. I finished 5th place, no money. The tourney was won out of the creek I was fishing, so i think if you are serious about winning then a fast boat is a must.In my opinion I think 65 is the minimum to look for when buying a tourney boat(75 is better ) so thats why they cost $40,000. Quote Link to comment Share on other sites More sharing options...
Keitht Posted June 20, 2005 Share Posted June 20, 2005 Trying to post pic of a poor man's bass boat. Quote Link to comment Share on other sites More sharing options...
Keitht Posted June 20, 2005 Share Posted June 20, 2005 Sorry for the double post. OK, I agree if you fish for money and racing is part of it, then you need speed. But the average guy fishes for fun. He can get by on a lot less. Quote Link to comment Share on other sites More sharing options...
gamblerOH Posted June 20, 2005 Share Posted June 20, 2005 Keith you're absolutely right. I cant afford a $40,000 boat either, but I bought one that was a couple years old so I paid a lot less than that. If I did not fish tourney theres no way I would have the boat I have, I wouldnt need it. I  would have a boat very similar to yours(love the evinrudes) and like you said could go anywhere I wanted. My only point is that most lakes have HOT SPOTS  and it cant hurt to be the first one there. A guy in our bass club has won several of our tourneys from a 17 foot tracker with a merc , however in this river tourney he blanked because the creeks were so far away from the launch point he had to fish the main body.Smaller boats dont have the fuel capacity or speed to make 40-50 mile (one way) runs. I dont think I would consider your boat a poor mans boat, my first boat was 15 foot fiberglass with 40 hp. merc. I bought it for 600$ and it ran  was a poor mans boat, and the longer I owned it the poorer I got ;D By the way nice boat,is yours a jet drive?? Quote Link to comment Share on other sites More sharing options...
Keitht Posted June 20, 2005 Share Posted June 20, 2005 Yeah, its a jet. And you are also right that it is not really a poor man's boat. I had to go in the hole to get it. BUT I do have some more boats that would overquailify as a poor man's boat. I've never done the tournament thing. The only one I have ever had to beat was the woman fishing next to me. I couldn't even do that. Quote Link to comment Share on other sites More sharing options...
Super User 5bass Posted June 20, 2005 Super User Share Posted June 20, 2005 I will never buy anything brand new.Except a house.(The value always goes up) But a car or boat,I will always buy used.I just saw something on TV the other night and the dude talking says that after 3 days of owning a new car,you have lost $5,000 bucks.I dont think a boat depreciates as fast as a car but it still depreciates too fast for ME to buy a new one. The 12-15 year finance plan is what gets you.I bit on it but at the last second I jumped and threw the bait back at the guy. Â Â 5 more seconds and he would've had me. Quote Link to comment Share on other sites More sharing options...
Ben Posted June 21, 2005 Share Posted June 21, 2005 Big, nice, new boats are for those that have a much larger income than the average working person that doesn't want to go in debt up to his eyeballs. When the average working guy buys one on these finance plans, you see him trying to sell it less than a year later with the words "must sell" but he's wanting almost what a new one cost to to pay it off. I do feel, if you can't work on them yourself, many times you are better off lowering you wants/desires to what you can afford and buy the most new boat you can afford. If that's a 15ft jon with a 25, you are still better off than buying an older, bigger boat. Just don't go too small on the motor to try and save, you will never be happy with the boat. At least buy an outfit that still has a few years warrenty on the motor. There is nothing worse than paying a large chunk of money for a "good" used outfit, just to have the motor blow shortly afterwards and it's another several thousand dollars to get it fixed. I've seen that numbers of time. Â It also kinda sucks when the thing breaks/'acts up every few times you go out in it. Because I build and have a number of hotrod 3.0L OMC's for my own use, I have people ask me all the time to modify their little motors to get more power (make a 30 a 75 etc), it don't just don't work that way, so don't think you will buy a small motor and get more power from it. Quote Link to comment Share on other sites More sharing options...
Ben Posted June 21, 2005 Share Posted June 21, 2005 Hey Keith, That's a very nice outfit you have there, nothing to drop your head about there. Something just a little smaller is what I'm looking to get for fishing a lot of the rivers and backwaters in my neck of the woods. I use a standard 15ft jon with a 25 Merc but there's not many trips I make I'm not banging something with the prop or LU. One place is so bad, I take the 25 off and put a 9.9 on because the LU doesn't run as deep. I keep bouncing back and forth between a Jet Drive or a tunnel hull. Both are suppose to handle shallow water well but having to jump logs, trees, sandbars and just about everything else in some of the rivers give a lower unit real problems. A local DNR guy ripped a 40hp Merc Jet Drive off the back of a DNR boat on one of the rivers I fish a lot. With the new one, they added a small hydrualic jack plate and he says that works great. Now he can raise the intake above the bottom when going over stuff and hardly has to slow down. Quote Link to comment Share on other sites More sharing options...
Keitht Posted June 21, 2005 Share Posted June 21, 2005 Believe it or not, I take a prop in the shallowest waters and leave the jet at home. In the headwaters of the ozark streams that I fish in, it is often too shallow for even a jet. So I take a big flatback "cargo canoe" with a 8 HP Merc engine with prop. I motor up the deep pools and drag it up the ripples where there is not enough water. I can get in lots of places where the jet boats won't go. A cargo canoe is a LOT bigger than an ordinary canoe. With motor, boat and trailer I had about $3000 in it new. I've caught more fish out of this rig than any other boat I've owned. Going down river it is more conveniant that any big boat because it is easy to paddle and manuever in places where the fish are. Quote Link to comment Share on other sites More sharing options...
texasbass1 Posted June 21, 2005 Share Posted June 21, 2005 Talking about financing at the last boat show in Dallas they were selling $42,000 boats with 240 month financing. That's 20 years and I watched them sell 2 in about 4 hours. They sell them based on monthly payments and the guys buying them just have to have the newest thing on the water. They don't even think long term. Quote Link to comment Share on other sites More sharing options...
Ben Posted June 21, 2005 Share Posted June 21, 2005 Yep, I have a 17ft Grumman cargo canoe with the cut of back I've had for 40 years. Bought it used when I was 17 and wouldn't take a new one for it now. I have a 96 4hp Merc I run on it. My wife (girl friend then) dunked us the first time she was in it so she has never gotten in it since. You talking about running an eight on one, bet you don't do much turning at WOT. That's probably like trying to turn my Stratos at 80 mph, ya jus ain't gonna do it. Well, actually you're not going to turn that thing much at 60 without trimming it way down. Quote Link to comment Share on other sites More sharing options...
Low_Budget_Hooker Posted June 22, 2005 Share Posted June 22, 2005 40,000???? nah see my "let me know what you think" post in this section. Quote Link to comment Share on other sites More sharing options...
Rattlinrogue Posted June 28, 2005 Share Posted June 28, 2005 I guess if you're into tournament bassin' you need a big money rig.I would bet most members of this forum just fish for fun.I know I do.Basically,all you need is something to get you there and back.You'll also need a good trolling motor.I've got an old 15 ft. glass boat that I traded an old 30-30 rifle for.I put a new 25 HP Yamaha and a new MK All-Terrain TM on it and I'm ready to go. Quote Link to comment Share on other sites More sharing options...
Pa Angler Posted June 29, 2005 Share Posted June 29, 2005 In May of 2004 I bought a Tracker Targa Deep V 17SC (94" beam) with a 90HP ELPTO merc with power trim, 24v trolling motor with auto pilot/copilot and an Eagle 480 fish finder, galvanized trailer, boat cover and a Lowrance LMS480 fish finder/gps unit for under $14,000. The same boat now costs over $3,000 more go figure. I did add a stainless prop later for $400 and it did increase speed by 3mph not a 65mph boat but a good 48mph with just me and enough gear for the day not bad for that size boat. I'm a weekend angler so the 48mph is plenty fast it does have a 30gal fuel tank standard. Chow The Pa Angler Quote Link to comment Share on other sites More sharing options...
Safe-light-till-3 Posted July 3, 2005 Share Posted July 3, 2005      All  I will say is when you hook a bass it does'nt matter if you are in a canoe or a 21 foot triton. Up until you grab that baby and have a hold on her and release her back into the water it's the best feeling in the whole world. That rush of adrenaline is UGGGHHHHH _________GREAT!!!!!!  Now back to those guys with the $40,000 + rigs. I sure would hate to be putting GAS in those babies. Quote Link to comment Share on other sites More sharing options...
gamblerOH Posted July 5, 2005 Share Posted July 5, 2005 As far as gas goes as small boat does no better than a big boat. My boat uses 20 gallons per hour, but goes 70+ miles per hour. A small boat 9.9 for example uses 3 gallons per hour and on an aluminum boat would average about 10 miles per hour. so.... 20 gallons takes me 70 miles and in order to go 70 miles with a 9.9 on an aluminum you would use 21 gallons . It just sounds like the big boats use more gas but keep in mind they cover a lot more water Quote Link to comment Share on other sites More sharing options...
Super User J._Bricker Posted July 8, 2005 Super User Share Posted July 8, 2005 My answer to this question- 1) the How- take care of your family responsiblities, work overtime when it's there, and start small (in my case a float tube). Also, I quit smoking. Â At $5 a pack, one pack a day, that's half a monthly boat payment. Â Guess which was more important to me. 2) the Why- because I can, I've earned it. Â ;D Quote Link to comment Share on other sites More sharing options...
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