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3 hours ago, Deleted account said:

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

 

I'm pretty good a math.....not so good at typing. :D

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10 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

 

 

Who needs food bro?

 

Agree with your assessment

 

 

 

 

 

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Went to the Grand Rapids fishing show last year.  I was floored at the price of the aluminum Lund style boats.  Most were in the $30,000-$50,000 range.  There was only one glass bass boat there which, was used at $75,000.  
 

the kicker is all the boats had financing available for 10-20 years.  All of the Monthly payments were based on the 20 years.  Yeah the boats only $300 a month but, that interest is going to be killer on 10-20 years. 
 

my long term plan is when I hit 70-75 years of age I’m buying a fully loaded rig at longest possible monthly payment.  When I kick off I’ll tell the wife or kids just to give it back to the bank. 
 

Joking aside a boat is different than a car and after ten years if you take care of it.  The boat should still be in good to decent shape after the 10-20 year loan is paid off. 
 

I do feel there will be a glut of boats soon on the market.  You are starting to see it already and used boat prices are coming down. Between gas prices and the economy. 

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2 hours ago, Mbirdsley said:

Joking aside a boat is different than a car and after ten years if you take care of it.  The boat should still be in good shape .

I wish I could feel comfortable buying a used boat here. Unless you know the person most boats are beat up. No I’m purpose either it’s just the issue of running the river. No way around it.

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3 hours ago, Darnold335 said:

I wish I could feel comfortable buying a used boat here. Unless you know the person most boats are beat up. No I’m purpose either it’s just the issue of running the river. No way around it.

I was talking about after the paid loan was paid off after 10-20 years 

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For everyone saying the prices of bassboat are out of line...Top of the line bassboats have always tracked somewhat close the price of a new Corvette...It was this way 20+ years ago, and is still this way now.  I agree it's a lot of money, but relatively speaking it's not really 'new'.

 

image.png.2c6cae04d25cafd98dad7041ab1e187d.png

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On 1/22/2023 at 9:01 AM, 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

 

 

i dont feel like  the cost is out of line i mean thats alot of money but when i got out of high school in 1987 30k was alot for a new ranger. its probably about the same ratio now with inflation higher salaries value of the dollar etc. i certainly dont care how anyone else spends their money either . i just mean for me theres no way im spending that much money on a hobby. no matter how much i love it.i dont know that my skills or the quality of fishing in my area justifies it.everybody is different some people dont mind being in debt up to their eyeballs. and alot of the guys with those boats and trucks may not be idk. but i like knowing when my bills are paid i have some money for savings every month for emergencies and i put 15percent of my pay in 401k etc. hopefully guys arent buying those rigs at the expense of their future, because as someone who has spent alot of time in state run nursing homes as part of my job that is not the place you want to be.

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On 1/23/2023 at 8:08 AM, Logan S said:

For everyone saying the prices of bassboat are out of line...Top of the line bassboats have always tracked somewhat close the price of a new Corvette...It was this way 20+ years ago, and is still this way now.  I agree it's a lot of money, but relatively speaking it's not really 'new'.

 

image.png.2c6cae04d25cafd98dad7041ab1e187d.png

 

This comparison makes bass boats seem way overpriced. The new Vettes perform like supercars and look like supercars too. They also have electronics everywhere. 

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I don't personally know anyone that has that kind of boat, or one that costs 6 figures.  I can't comment on whether people are just loaded with money and paying cash, or they are sending themselves into debt to have it.  Probably some of both.

 

My parents are retired and have a 2022 Warrior 2090 Pro Tiller that costed a significant amount of money.  They tournament walleye fish out of it on big water.  I would never spend the kind of money they did on a boat, but its their passion for 5 months, and they are able to enjoy it together.  They have no debt anymore.  They also have a big garage to store it and a full size truck to tow it.

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1 minute ago, gimruis said:

I don't personally know anyone that has that kind of boat, or one that costs 6 figures.  I can't comment on whether people are just loaded with money and paying cash, or they are sending themselves into debt to have it.  Probably some of both.

 

My parents are retired and have a 2022 Warrior 2090 Pro Tiller that costed a significant amount of money.  They tournament walleye fish out of it on big water.  I would never spend the kind of money they did on a boat, but its their passion for 5 months, and they are able to enjoy it together.  They have no debt anymore.  They also have a big garage to store it and a full size truck to tow it.

It's America, everybody is financing these boats for decades with a $1 down payment.

 

I've had a friend that had a boat like this (maxed out Skeeter) until they got swallowed by the payments, had it for maybe 1.5 years.

 

The same goes for cars, ever wonder why seemingly everyone now has a brand new BMW, Mercedes, Land Rover, FX4/Z-71 pickup, etc.    Many got them with ridiculous loans.   

 

We are about to see lots of cheap boats, cars, and other adult toys.   

 

Article from today:

 

"Car loans are the latest sign of such economic problems. Indeed, loans delinquent by more than two months increased by 5.3% in December compared to the prior month and skyrocketed by 26.7% from a year ago, according to recently released data from Cox Automotive.

Of all December loans, 1.84% were severely delinquent (generally defined as more than 90 days behind on payments), marking an increase from 1.74% in November and the highest rate since February 2009, when the financial crisis crippled the the U.S. economy.

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12 minutes ago, ol'crickety said:

 

This comparison makes bass boats seem way overpriced. The new Vettes perform like supercars and look like supercars too. They also have electronics everywhere. 

???  

 

Bassboats are very high performance and also have electronics everywhere.  I think it's an appropriate comparison...Both in terms of benchmark costs and in the actual performance.  Funny enough, IMO the closest comparison to a bassboat in the auto-world would be a Corvette :D.

 

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@Logan S

 

The C8 has more power and more computers.*

 

 

I'm assuming the C8 has more computers. I know my 2019 CRV has dozens of chips and the C5 had ten computers and that's way back yesteryear's Vette. 

 

However, I get your point. There's a lot to a bass boat and they are also beautiful. Not Vette beautiful, but beautiful. Eye of the beholder, I guess. 

 

At least we can agree that canoes are the best fishing boats! 😉

 

 

 

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7 hours ago, AlabamaSpothunter said:

everybody is financing these boats for decades with a $1 down payment

Doesn't seem like a very responsible decision to be making purely from a personal financial decision. 

 

The lending companies have to make money too though, and this is how they do it.

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I've been perusing 24-26ft hybrid bay boats. The price range for new is $75K to over $200k. Is that any different than what's going on in the bass boat world? Someone earlier mentioned ski/wake boats. Talk about insane pricing for a 1 trick pony. $150-$250K for a 22-24ft boat...

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7 minutes ago, slonezp said:

Someone earlier mentioned ski/wake boats. Talk about insane pricing for a 1 trick pony.

They had quite a few wake boats there too.  I looked at few of them.  They ranged from $65k to over $200k in price.  The price is ridiculous, but the part I don't quite understand is where people store them.  Most of them are big boats with tandem axle trailers, and they all have that tower sticking up.  I mean if you have a $150k wake boat, you don't exactly just "park it in the back yard."  You need a big shed or garage to store one for 8 months here.

 

There are going to be new regulations coming down the pipe on those though.  The MN DNR Roundtable just proposed a 1000 foot rule from all shorelines and a minimum of 16 feet to operate them in "surf" mode.  If it goes through, that would place a lot of smaller sized lakes here completely off limits.

 

Whether its fully enforceable is a whole different topic, but I hope it passes and at least gets on the rule book.

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7 minutes ago, gimruis said:

They had quite a few wake boats there too.  I looked at few of them.  They ranged from $65k to over $200k in price.  The price is ridiculous, but the part I don't quite understand is where people store them.  Most of them are big boats with tandem axle trailers, and they all have that tower sticking up.  I mean if you have a $150k wake boat, you don't exactly just "park it in the back yard."  You need a big shed or garage to store one for 8 months here.

 

There are going to be new regulations coming down the pipe on those though.  The MN DNR Roundtable just proposed a 1000 foot rule from all shorelines and a minimum of 16 feet to operate them in "surf" mode.  If it goes through, that would place a lot of smaller sized lakes here completely off limits.

 

Whether its fully enforceable is a whole different topic, but I hope it passes and at least gets on the rule book.

My daughters on again off again boyfriend has a $150k wakeboard boat. He's a GC and stores the boat in his shop. That being said...$150K for a bot that gets used 3 or 4 times a season, IMO is a complete waste of money. Everyone's priorities are different.

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Every wake boat should be off limits on any lake less than 10,000 acres they do more damage to shorelines and create unbelievable wakes that can capsize smaller boats. But the rich shall play at the costs of the peasants. Probably the same tree huggers worried about their shoreline and lake health!

Forgot fishing with my grandson last summer wake boat passing within a 100 yards of a number of boats the waves were not normal and my grandson said hang on gramps here they come hung on for fear of going over and we were in a twenty foot ranger.  Rich arrogant don’t gaf people are disgusting the lake is not theirs to abuse let a lone people trying to fish. It was 1200 acre lake

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7 minutes ago, Hawgfinder said:

Every wake boat should be off limits on any lake less than 10,000 acres they do more damage to shorelines and create unbelievable wakes that can capsize smaller boats. But the rich shall play at the costs of the peasants. Probably the same tree huggers worried about their shoreline and lake health!

Forgot fishing with my grandson last summer wake boat passing within a 100 yards of a number of boats the waves were not normal and my grandson said hang on gramps here they come hung on for fear of going over and we were in a twenty foot ranger.  Rich arrogant don’t gaf people are disgusting the lake is not theirs to abuse let a lone people trying to fish. It was 1200 acre lake

I agree with your assessment, and this topic has been discussed many times on this forum.  For now though, let's just stick to ridiculous boat prices in this one lol

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Ok wake boats ski boats and bass boats are overpriced for what you’re getting in return sorry for the rant. Obviously the middle class and less, getting booted out of the upper echelon of boat buyers just sayin. 

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Christmas 21 - we purchased a 2021 Can Am Maverick Sport Max 1000r with roof, heat, winch, full glass windshield, rear window, trunk enclosure and a sound bar... right at $30k ... to drive through the woods! 3.9% financing on a toy. $450 a month payment for 5 years (I pay double every month)

Christmas 22 - wife got a lightly used 2020 Ford Explorer, its DECKED out. Lane assist, auto high beams, heated steering wheel .... $35k. 6.6% financing $600 a month for the same five years.

We both have 800+ credit scores. The SUV is 1000x nicer than the buggy. The buggy in comparison is a noisy rattle trap, theres barely anything too it. Said to my son the other day, which would you rather have the Can Am or the Explorer. He agreed the Explorer was worth the money.

The dealers couldnt keep anything in stock during covid related to outdoor activities. The one told me people with such bad credit they shouldve never thought about signing were taking 15% APR loans out on $45K buggies.

Isnt my life, I learned my lesson the hard way living above my means. Now I can afford almost anything I want within reason but I dont buy it. I got buddies wanting me to put $10k in electronics on my $12k river boat... I dont think so.

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2 hours ago, jhoffman said:

Christmas 21 - we purchased a 2021 Can Am Maverick Sport Max 1000r with roof, heat, winch, full glass windshield, rear window, trunk enclosure and a sound bar... right at $30k ... to drive through the woods! 3.9% financing on a toy. $450 a month payment for 5 years (I pay double every month)

Christmas 22 - wife got a lightly used 2020 Ford Explorer, its DECKED out. Lane assist, auto high beams, heated steering wheel .... $35k. 6.6% financing $600 a month for the same five years.

We both have 800+ credit scores. The SUV is 1000x nicer than the buggy. The buggy in comparison is a noisy rattle trap, theres barely anything too it. Said to my son the other day, which would you rather have the Can Am or the Explorer. He agreed the Explorer was worth the money.

The dealers couldnt keep anything in stock during covid related to outdoor activities. The one told me people with such bad credit they shouldve never thought about signing were taking 15% APR loans out on $45K buggies.

Isnt my life, I learned my lesson the hard way living above my means. Now I can afford almost anything I want within reason but I dont buy it. I got buddies wanting me to put $10k in electronics on my $12k river boat... I dont think so.

You had me until not putting 10k of electronics in a $12k river boat.......I want to put Target Lock and LiveScope+ on a $500 Jon boat.

 

Don't be skeered, it's the American way 😂

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I get asked all the time why I haven't bought a new bass boat since I've retired.

My fishing partner beat me to it 😜

 

Affordability and justification are entirely different and even more so in the eyes of the beholder.

 

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7 hours ago, AlabamaSpothunter said:

You had me until not putting 10k of electronics in a $12k river boat.......I want to put Target Lock and LiveScope+ on a $500 Jon boat.

 

Don't be skeered, it's the American way 😂

 

Is there a problem with that? 

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2 hours ago, Dogface said:

 

Is there a problem with that? 

Shouldn't be. If investing in electronics that are worth more than the boat will connect you with more fish, the investment is well worth it.

 

I paid more for my Garmin than I did for my 14 footer

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