Boat payments

**SBS933** · 09-12-2013, 08:59 AM

What is the most you've payed monthly on a boat ?

**Stainless** · 09-12-2013, 09:11 AM

Mine was $400. Likely a good time to finance as rates seem to be lower now.

Wendi · 09-12-2013, 09:34 AM

$836.00 way too much. Paid off the boat in half the time financed.

**Cigalert** · 09-12-2013, 09:40 AM

$536. I put more down on that boat than my hallet cost.

**Paul65K** · 09-12-2013, 09:46 AM

Not to sound superior or anything......but I've never had a boat payment in more than 25 years of boat ownership.

I don't know why......probably because I didn't really start boating till I was in my late 20's but I always thought that you should pay cash for depreciating assets and save debt for those things that appreciate (hopefully).

Probably why I've never had a "Baller" boat but I'm not knocking anyone who does.......am I the only one stupid enough to be so conservative??

WESTERNAERO · 09-12-2013, 10:07 AM

Originally Posted by Paul65K

Not to sound superior or anything......but I've never had a boat payment in more than 25 years of boat ownership.

I don't know why......probably because I didn't really start boating till I was in my late 20's but I always thought that you should pay cash for depreciating assets and save debt for those things that appreciate (hopefully).

Probably why I've never had a "Baller" boat but I'm not knocking anyone who does.......am I the only one stupid enough to be so conservative??

Nope, me too. Cash only. That's why my boat has a spectra bottom not a schiada. I hear flatter is faster so I'm okay with it.

**gn7** · 09-12-2013, 10:54 AM

Never had a payment. Old school. from the days if you wanted a 100mph boat, you had to build it, you couldn't just write a check for it. Never could bring myself to make payments on something that sat over half the year. Any "off season" payments I make are made buying things that make the thing faster than the last time I had it out.