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View Full Version : What a bargain!


Farmer Ted
07-15-2006, 11:31 AM
http://cgi.ebay.com/ebaymotors/Mastercraft-X-80-Wakeboard-Boats-Tow-boats_W0QQcmdZViewItemQQcategoryZ63686QQihZ009QQit emZ190008862181QQrdZ1


"I am relisting this boat because I talked about taking over payments and had alot of people interested in doing so. If you are interested in taking over the payments send me an email and we will go from there. The first person to be appoved through my bank or to buy the boat outright will win the boat and I will pull it off ebay. My payments are $780 a month, and there is 18 years left on the loan."

18 years @ $780 makes that a $168,00 boat:eek:

TMCNo1
07-15-2006, 12:20 PM
http://cgi.ebay.com/ebaymotors/Mastercraft-X-80-Wakeboard-Boats-Tow-boats_W0QQcmdZViewItemQQcategoryZ63686QQihZ009QQit emZ190008862181QQrdZ1




18 years @ $780 makes that a $168,00 boat:eek:


And everyone asks why we haven't bought a new boat yet!:eek: :uglyhamme :popcorn:

Hoosier Bob
07-15-2006, 12:26 PM
Special Finance! SPIFI! 21.00%? I did not know they had alternative financing for boats. Tough to repo!:o

Farmer Ted
07-15-2006, 12:40 PM
The boat is a 2005, he could have bought a used 205 and paid it off with the $18,720 he's already spent

but it's not as "pimp"

I wonder if it was the $780 boat payment or filling the 100 gallon tank to feed the twin MCXs that did him in?

BriEOD
07-15-2006, 01:32 PM
Lmfao!! :d

barefoot
07-15-2006, 01:45 PM
I wonder if it was the $780 boat payment or filling the 100 gallon tank to feed the twin MCXs that did him in?

Either way, he's loosing a lot of money on the boat when everything is said and done! From the looks of the pics, it looks like his house is worth as much as the boat :D

PendO
07-15-2006, 02:18 PM
Interest is a Killa' (I just used the www.bankrate.com (http://www.bankrate.com) calculators to come up with what his interest rate is is any of you want his payments:))

TMCNo1
07-15-2006, 03:11 PM
And we thought 32 years ago, a 30 year, 8.75% fixed rate, 5% down, $31,500 loan @ $282 a month was horrible. We are now living in [3] X-80's!

jlf
07-17-2006, 09:19 AM
MY guess is that is right, you can take out really long loans on boats usually only like up to 15 years if you can't live on it, but if you can live on it you can take out a 30 year home morgage for a boat. The boat has a balloon payment on the end of it and you have to re-finance it every three maybe five years depending on the finacial institution. Looks like he had a 20 year loan on it. He probably could've taken a 30 year home morgage on that one because it has a bathroom on it.

jraben8
07-17-2006, 09:28 AM
I hope that I'm not the only one that can't fathom the thought of that boat payment. I'm just trying to imagine how someone can be truthful with themselves and think, "man, I can do this."