Home Forums Hunting & Shooting Hunter's Campfire Buying a boat on the 240 month payment plan

Like pickup trucks, boats should be bought through a business. Depreciated over a time schedule and replaced, when the depreciation it complete. Buying for entertainment is a fools game!

I have always had a couple of boats. A Canoe, a small john boat and a bigger fishing boat. Never regretted any of them. Use them all for fishing or hunting.
Financing for extended times though is economic suicide.
I have always taken good care of my stuff and don't have to spend a bunch keeping them maintained.

Unless you use that boat for business purposes you are cheating on your tax's

Motorcycles can be thrown in there.
Never understood the dips--ts who buy new bikes.
The world is full if babied, almost new bikes.
Under 3k on the odometer, thou$ands in being added on,
and selling for a song.

I only buy new things if they make me money.
My kids have just as much fun on our 20 yr old ski boat.
Paid cash from an old friend of the family. Same with my travel trailer. I don't feel the need to keep up with the Jones. I absolutely hate monthly payments!

Outlr school systems really need a mandatory class on balancing a budget and how credit works for or against you. Parents obviously aren't teaching it.

They used to have those classes in HS, evidently they didn't want people to vote Republican anymore when they dropped them.

Who needs to be taught to earn money if you are going to buy something?

Who needs to be taught to not spend more money than they have?

Only an idiot can’t see simple economics!

Added to their 1k 84 month truck payment, that’s full baller for under $1500 a month.

I'm down to one boat now, I've had it for 20 years and i would say i got my money's worth out of it the first three years I owned it. The boat owes me nothing. To those who like to repeat the old saw about, "A boat is a hole in the water you pour money into," I'll say bullschitt. Not if you know what you're doing with then and know how to operate and maintain them properly. Guy down at the local marina told me he could get more for the boat than I paid for it 20 years ago. That's how crazy the market is.

Most of my friends use their boats a lot and get good value for their money. A few, not so much.

I have to wonder if, in high inflationary times, like now, it doesn't make some sense to go long-term paying off something. Hell, in a few years that $395 might be the cost of a bottle of cheap whiskey, then the guys paying off their boats at that price will be laughing at those who paid cash.

Parents first off must fill that role. Most of todays parents do not do that. We had business classes in HS where we learned to balance a checkbook and read Stock Reports.

1K truck payment for a 75k truck ....bit more then that I fear.

Apparently a high percentage of our general public.
I don't disagree with the idiot statement...

Besides the old lady that takes forever to write a check for groceries who the he!! still has a check book?

Anyone who owns or runs a business still uses checks quite frequently.

LoL


No

Are you really that stupid? NM I know the answer. I use them less and less but there are people I pay that don't take a debit or CC.

What would you know about a business???????

Electronic transfers is what most successful businesses do.


Heavy on the word successful.

Even the USPS recommends not mailing checks.

Clueless 60

Let me give you a scenario. I run a machine shop, I need some locktite and drill bits and send a worker over to a local machine supply store. DO I send them a electronic transfer or do I give him a company check for the amount owed?

No doubt!

13 years of school.
4+ years of college.
Most never get taught how to manage the money they are taught to earn.
Beyond 401k, maybe.


Big salary, fancy house, Porsche, boat............
No a dime to their name!🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣


Waiting for someone to come bragging on the virtues of debt.
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