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$111K?  and it's fiberglass,  not even aluminum like the "good" boats.   :neener:

 

A friend of mine sell Caymas boats.   Most that they get in are already sold.  The ones that aren't already sold are gone within a week.   I "could" buy a $100K boat, but I'd be scared to put it in the water.   My hat's off to people who make that choice, and can afford it.  My heart goes out to the ones that buy one, and struggle to make the payments.   

 

I bet I have more fun in my "tin tub" than most of the $100K boat owners do in theirs.   

 

 

Added:  I paid $22K for a new diesel dually in 1992.   

 

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if i paid anywhere near that much money for something i cant live in or dont absolutely need to put food on the table and money in the bank i wouldnt be able to sleep at night.doesnt mean other people shouldnt but not for me. 100k to catch some fish and throw them back?nope not for this cheapskate.lol

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The guys that buy these aren’t towing them with a beat down 1987 F150 either. Our boat ramps are full of $100k boats being towed by $80-100k trucks. Most are driven by young guys too. 
 

 

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I worked as a salesman at a marine dealership in the 80s. When we had to increase the sales price on a new bass boat to $15,000, I thought we'd never sell another one. (At 15,000 we only made 10% margin.)

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9 hours ago, Crappiebasser said:

The guys that buy these aren’t towing them with a beat down 1987 F150 either. Our boat ramps are full of $100k boats being towed by $80-100k trucks. Most are driven by young guys too. 
 

 

I would assume and I hate to but I’m sure most of these guys are in debt up to their eyeballs. To me that’s just not a fun way to live.  Next year I do plan on getting a new boat in the 30-40k range.  Bigger and better suited for my needs now. My truck I hope to get another 100k miles out of it haha. 

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10 hours ago, Crappiebasser said:

The guys that buy these aren’t towing them with a beat down 1987 F150 either. Our boat ramps are full of $100k boats being towed by $80-100k trucks. Most are driven by young guys too. 
 

 

 

33 minutes ago, Darnold335 said:

I would assume and I hate to but I’m sure most of these guys are in debt up to their eyeballs. To me that’s just not a fun way to live.  Next year I do plan on getting a new boat in the 30-40k range.  Bigger and better suited for my needs now. My truck I hope to get another 100k miles out of it haha. 

 

 

I wonder where they work or what they do for money.  I don't think there's that many people with rich parents.  These $100K boats, and $80K trucks are sitting in fancy subdivisions at cookie cutter houses jammed right up next to each other.   These houses around here cost $350K or more.  I'm sure they're higher in other parts of the country.   That's too much for a house on 1/2 acre, with an identical house right next to it.   So, very conservative figures say, $700 per month for boat, $1000 per month for truck, $1800 per month for mortgage.   That's $42K per year in payments.  On top of that you have food, utilities, insurance, taxes ect.   That's not even considering the bait monkey.  

 

 

 

 

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Been following this one . . .

OK so new boats cost more than they used to.

How is this a surprise and when does this not happen ?

What prompted my response here is that there seems to be a tone to this thread

that indicates that having some debt or a making payment, is akin to a terminal illness.

I get it, we all have a different opinion or idea on how to 'live' financially,

but not all 'debt' is life threatening.

And if it is, we did something wrong.

Assuming or guessing how another person 'affords' what they have is just that - guessing. 

As a retired enlisted man, on a fixed income, I know where I stand. 

Being realistic & honest with ourselves regarding our disposable income is important.

 But Debt is not death.

Conducting what I like to call 'creative financing' can enable one to

safely & substantially upgrade their deal. 

'Running from debt' is non-sense IMO, unless we do it irresponsibly.

Just like anything else in life.

Learn or burn.

"Waiting" for the prices to come down or for that 'special deal' to fall our your lap,

is IMO, a waste of quality time.  Time none of us are guaranteed.

btw, I financed a portion of my rigs cost and I lease my trucks.

Turn it in for a new one every 3 years

and I can still buy food. 

Come At me Bro . . . .

:smiley:

A-Jay

 

 

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57 minutes ago, A-Jay said:

Waiting" for the prices to come down or for that 'special deal' to fall our your lap,

is IMO, a waste of quality time.  Time none of us are guaranteed.

I agree with this. If I want to go get something right now I will. I am financially stable enough to get whatever I want 100k and under and pay at least half in cash. I just don’t think a 70k boat or truck is worth me spending what I have for it.
 

financing is not the end of the world. In fact you have to do it to have a good credit score. 
 

I don’t think the people in this thread are saying it’s negative to have an expensive boat and truck. It’s not shaming them. It’s more of a I wish I knew what they were doing so I could do it as well.
 

For all we know they could have great jobs. Or maybe we saw that person out the three times a year he uses the boat.  Maybe they come from money. Maybe they miss payments all the time. Maybe they live off ramen to afford it. We will in fact never know. 

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14 minutes ago, Deleted account said:

Even eggs?...

Yes, but just 2.

:smiley:

A-Jay

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16 minutes ago, A-Jay said:

Yes, but just 2.

:smiley:

A-Jay

Special occasion? :)  I know it's temporary, but it's crazy. One of my neighbors had chickens, and they were always giving us free eggs (fox ate them). We have Amish farms not too far from here, and their organic range free eggs were under $4/doz before the bird flu, and now they are actually cheaper than store bought.

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Uh-oh

 

I just realized there's a Lund dealer closer to Richmond VA than 130 miles away in NC. It's barely an hour away at Lake Anna. I need a river boat that will seat six - wife's son, d-i-law and 2 little boys. If I order now can I get it by January? Discounts for cash?  ;)

I wonder if the two nearby river marinas have any covered slips left? No, they never do, but I hear the economy is in turmoil and the county ramps are closer than the marinas. Well, one is next to the ramp, but on the far side. Time for a road trip. Pray for me.  

 

Mid-Atlantic Watersports

58.0 miles away
349 Pleasant Landing Rd
Bumpass, VA 23024
 
(My wife doesn't care what I do boatwise. We did 2 bathroom tear outs last year, 2.5 PVC decks, 2 sliding doors, and well, her old house is 28 years old. We were married in 2018 fwiw and I sold my 1916 house in 2020. Moving up. Moved to the country.)
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3 hours ago, Darnold335 said:

Next year I do plan on getting a new boat in the 30-40k range.  Bigger and better suited for my needs now. My truck I hope to get another 100k miles out of it haha. 

 

Next year, 30-40k range? At the rate things are going you may be able to get into a 12' Jon and if your lucky maybe a 14' Jon.  😇

 

Seriously our economy is in trouble and inflation is not easing anytime soon. I also wanted to upgrade to a slightly bigger boat but not until the economy and prices stabilize and who knows when that will be. 

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2 hours ago, A-Jay said:

Been following this one . . .

OK so new boats cost more than they used to.

How is this a surprise and when does this not happen ?

What prompted my response here is that there seems to be a tone to this thread

that indicates that having some debt or a making payment, is akin to a terminal illness.

I get it, we all have a different opinion or idea on how to 'live' financially,

but not all 'debt' is life threatening.

And if it is, we did something wrong.

Assuming or guessing how another person 'affords' what they have is just that - guessing. 

As a retired enlisted man, on a fixed income, I know where I stand. 

Being realistic & honest with ourselves regarding our disposable income is important.

 But Debt is not death.

Conducting what I like to call 'creative financing' can enable one to

safely & substantially upgrade their deal. 

'Running from debt' is non-sense IMO, unless we do it irresponsibly.

Just like anything else in life.

Learn or burn.

"Waiting" for the prices to come down or for that 'special deal' to fall our your lap,

is IMO, a waste of quality time.  Time none of us are guaranteed.

btw, I financed a portion of my rigs cost and I lease my trucks.

Turn it in for a new one every 3 years

and I can still buy food. 

Come At me Bro . . . .

:smiley:

A-Jay

 

 

Your situation doesn’t really sound like the ones being discussed. Being retired with a stable pension and having debt that fits into your income is not a problem. It’s a totally different situation for a 20 something with no savings and hundreds of thousands of dollars in luxury debt. There’s a lot of people that appear to be living very well who are 1 or 2 missed pay checks away from disaster.

 

I’m not judging anyone who has debt but for me taking on debt for toys is a nonstarter.

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31 minutes ago, Dogface said:

Seriously our economy is in trouble and inflation is not easing anytime soon. I also wanted to upgrade to a slightly bigger boat but not until the economy and prices stabilize and who knows when that will be

Well here is the the thing brand new boat prices are not going to come down. If I buy a boat next year that will be the cheapest that size/motor option will be ever again unless it’s used. I am not going to buy used.

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28 minutes ago, Crappiebasser said:

Your situation doesn’t really sound like the ones being discussed. Being retired with a stable pension and having debt that fits into your income is not a problem. It’s a totally different situation for a 20 something with no savings and hundreds of thousands of dollars in luxury debt. There’s a lot of people that appear to be living very well who are 1 or 2 missed pay checks away from disaster.

 

I’m not judging anyone who has debt but for me taking on debt for toys is a nonstarter.

Fair enough.

And I'm done here.

:smiley:

A-Jay

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8 hours ago, A-Jay said:

OK so new boats cost more than they used to.

 

 

I think many of us my age and older (I'm 58) haven't "adjusted" for inflation.   As I stated earlier I paid $22k for a new diesel dually in 1992.   

 

I graduated High School in 1982.   My first year working full time (1983) I made $30K.   According to an online calculator $30K in 1983 is $85K now.   

 

Inflation scares me a little.  I've got several years pay in the bank, 401K and other (safe) investments.   I fear that inflation will wipe out my savings.  I like eggs.   

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1 hour ago, Crappiebasser said:

Being retired with a stable pension and having debt that fits into your income is not a problem.

Some of us are retired and trying to make ends meet on nothing but Social Security.

 

Wife and I DID have 401ks, Roth IRAs and I had an ESOP - all that went away due to medical bills.

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12 minutes ago, Woody B said:

I fear that inflation will wipe out my savings. 

My wife and I feel like we won’t be able to retire. Yes we are young but, the way things are going how will it be in 30 more years.

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It comes and goes. My first mortgage, a 30-year conventional, was 12.75% in January of 1980. I was lucky because things got worse. Some people with good credit ended up paying 16%, 17% or more. 

 

"Why were mortgage rates so high in the 80s?

The reason interest rates, which ultimately are set by the Federal Reserve, exploded in 1980 was housings' arch nemesis, runaway inflation. The Fed funds rate, which is the rate banks charge each other for overnight loans, hit 20 percent in 1980, and 21 percent in June 1981."
 
 
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Jeez, tough crowd. I didn’t originally start this thread to bash new boat prices or people willing to pay it. If you are able to afford $111k on a new boat, good for you.

 

I could probably be driving a much nicer truck and fishing out of a nicer, newer boat if I didn’t have any kids. Unfortunately, I’m stuck now and can’t go back.

 

”Get rid of your kids and the money flows like water.” - @slonezp

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You guys are making me chuckle.  First off just for sh!tz & giggles, go price what a new decked out wake board boat, wake ski boat or pure ski boat runs, then venture down to your average recreational lake and see the numbers difference in new bass boats vs new “pleasure” boats.  There’s a lot of people spending a lot more on boats than us bassers.  We are definitely in the minority.  I don’t begrudge anybody who can afford a new toy.  Just because I choose to spend my $$ a different way. 😉

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I feel like boat prices are ridiculous nowadays. But I also just feel like that is the direction the sport is headed in.... livescope, Bassmaster EQs, 100k boats that are hardly any different functionally than the boats of 10(+?) years ago... 

 

If you have the money to keep up, power to you. Gonna stick to my silly plastic boat. 

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1 hour ago, Woody B said:

I think many of us my age and older (I'm 58) haven't "adjusted" for inflation.   As I stated earlier I paid $22k for a new diesel dually in 1992.  I graduated High School in 1992.   

Couldn't pass math? I actually went to HS with a guy that aged out before graduating...

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3 hours ago, Scott804 said:

I feel like boat prices are ridiculous nowadays. But I also just feel like that is the direction the sport is headed in.... livescope, Bassmaster EQs, 100k boats that are hardly any different functionally than the boats of 10(+?) years ago...

 

Marine product companies are commercial enterprises.  They survive by selling you stuff.  The bigger more expensive stuff they sell you, the more profit they make.  Most people can catch just as many bass out of a rigged out Jon boat than a $100K bass boat, but they don't look as cool at the ramp.  Weekend anglers want to look like professionals, so they buy what they see on TV.  In marketing, we call that creating a demand.  There is nothing wrong with buying what you want if you can afford it.  As long as you realize there is a difference between "want" and "need", you will be fine.

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