Go Back   TeamTalk > General MasterCraft Topics > General Discussion

Reply
 
Thread Tools Display Modes
  #1  
Old 08-24-2012, 10:42 PM
kalamalka kalamalka is offline
TT Enthusiast
 
Join Date: Sep 2011
Boat: mastercraft x1 2006
Location: canada
Posts: 189
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.
Reply With Quote
  #2  
Old 08-24-2012, 10:54 PM
mlawler34 mlawler34 is offline
TT Enthusiast
 
Join Date: Feb 2012
Boat: Boatless!!! NXT? X2?
Location: Midwest
Posts: 333
My guess. 30 year loans. You can get a mortgage on a new boat over 100k. Love my 04!
Reply With Quote
  #3  
Old 08-24-2012, 11:02 PM
kalamalka kalamalka is offline
TT Enthusiast
 
Join Date: Sep 2011
Boat: mastercraft x1 2006
Location: canada
Posts: 189
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
Reply With Quote
  #4  
Old 08-24-2012, 11:07 PM
broncotw's Avatar
broncotw broncotw is offline
MC Fanatic
 
Join Date: Oct 2009
Boat: 2010 MasterCraft Prostar 190 TT, Indmar MCX GM 350
Location: The GREAT State of TEXAS
Posts: 925
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....
__________________
Ted W

Hook Em' Horns
Reply With Quote
  #5  
Old 08-24-2012, 11:23 PM
mzimme's Avatar
mzimme mzimme is online now
MC Maniac
 
Join Date: Mar 2012
Boat: 2006 Supra 20V
Location: Kansas City
Posts: 2,954
Quote:
Originally Posted by kalamalka View Post
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.
Reply With Quote
  #6  
Old 08-24-2012, 11:27 PM
Nick911's Avatar
Nick911 Nick911 is offline
MC Devotee
 
Join Date: Jul 2011
Boat: 2013 Mastercraft X25, 6.0 Ilmor, Pro Package, slammed and flaked!
Location: Canada
Posts: 1,241
What dealership were you in Kalamalka?
Reply With Quote
  #7  
Old 08-24-2012, 11:39 PM
rholmes's Avatar
rholmes rholmes is offline
TT Enthusiast
 
Join Date: Sep 2007
Boat: Mastercraft, Maristar 210, 351, bought in '07 with 227 original hours.
Location: Raleigh, NC
Posts: 465
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...
__________________
If it's a penny for your thoughts & you give me your two cents, what happens to the other penny? Taxes, the democrats tax everything!!

1990 Maristar 210... Sold

In the market though...
Reply With Quote
  #8  
Old 08-24-2012, 11:44 PM
JRW160's Avatar
JRW160 JRW160 is offline
MC Devotee
 
Join Date: Mar 2008
Boat: 2003 X2
Location: Huntsville, AL
Posts: 1,283
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.
__________________
2003 X2
Reply With Quote
  #9  
Old 08-25-2012, 12:05 AM
pram's Avatar
pram pram is offline
Moderator
 
Join Date: Mar 2005
Boat: 1995 Mastercraft Prostar 205
Location: Kelowna BC
Posts: 1,939
Send a message via MSN to pram
Quote:
Originally Posted by Nick911 View Post
What dealership were you in Kalamalka?
He must have been at Rayburns I am guessing
__________________
I live in my own little world. But it's OK - They know me here

MONKEY FACE
Reply With Quote
  #10  
Old 08-25-2012, 12:12 AM
mzimme's Avatar
mzimme mzimme is online now
MC Maniac
 
Join Date: Mar 2012
Boat: 2006 Supra 20V
Location: Kansas City
Posts: 2,954
Quote:
Originally Posted by JRW160 View Post
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...
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 10:51 AM.