TeamTalk

TeamTalk (http://www.mastercraft.com/teamtalk/index.php)
-   General Discussion (http://www.mastercraft.com/teamtalk/forumdisplay.php?f=6)
-   -   paying for a new mc? (http://www.mastercraft.com/teamtalk/showthread.php?t=50488)

kalamalka 08-24-2012 10:42 PM

paying for a new mc?
 
Was shopping with the wife today and needed a break so i went to our local dealer across the street from the mall, a much needed break. I just bought a second hand 06 x1 last year and love it. Only 300 hours and i plan to have it for many years to come. i was floored with the prices on the new x series models at the dealership today! i must make way less money than most folks or ive literally missed the boat somehow. I hope this isnt too forward of me to ask, but how are regular working people able to afford a new mc? does mc offer a low financing rate or is it only the rich buying new? ive taken into account that these are canadian prices, but im not sure that i could even qualify to buy a new one.

mlawler34 08-24-2012 10:54 PM

My guess. 30 year loans. You can get a mortgage on a new boat over 100k. Love my 04!

kalamalka 08-24-2012 11:02 PM

Are you kidding? that must be a US thing, i dont think a canadian bank would do that, but who knows? Monthly payments on the new x series boats must be huge

broncotw 08-24-2012 11:07 PM

No doubt MasterCraft is marketing their boats to the financially elite... Even a bottom of the line Prostar 190 is out of the price range of the middle class.... These new boats are loaded with so much unnecessary crap it's almost comical.... I have made some awesome deals on several used MasterCrafts....

mzimme 08-24-2012 11:23 PM

Quote:

Originally Posted by kalamalka (Post 871600)
Are you kidding? that must be a US thing, i dont think a canadian bank would do that, but who knows? Monthly payments on the new x series boats must be huge

We like to spend way out of our means down here. Afterall, when things don't work out we just ask for bailouts and make our great grandkids pay for our irresponsibility. U-S-A... U-S-A!! ;)

Seriously though, the guy with the median income of roughly 44k can't afford these boats. Thank god for the used market.

Nick911 08-24-2012 11:27 PM

What dealership were you in Kalamalka?

rholmes 08-24-2012 11:39 PM

As stated before, 10-20 year loans on boats are out there.... When I was selling cars back in the day and before the recession (Pre 2005), we were putting people in cars with $950 payments for 6 years. Whiskey Tango Foxtrot.... I took the commissions and went on my merry way...

JRW160 08-24-2012 11:44 PM

You can get them on 15-20 year loans now. With 10%-20% down, it's only $500 or $600 a month for a $100k boat.

pram 08-25-2012 12:05 AM

Quote:

Originally Posted by Nick911 (Post 871607)
What dealership were you in Kalamalka?

He must have been at Rayburns I am guessing

mzimme 08-25-2012 12:12 AM

Quote:

Originally Posted by JRW160 (Post 871615)
You can get them on 15-20 year loans now. With 10%-20% down, it's only $500 or $600 a month for a $100k boat.

Even after 10 years that poor sucker on a 20 year loan is still probably 15k or more upside down...


All times are GMT -4. The time now is 08:37 PM.