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  #11  
Old 08-25-2012, 12:28 AM
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Originally Posted by mzimme View Post
Even after 10 years that poor sucker on a 20 year loan is still probably 15k or more upside down...
The people who get new ones every couple of years probably don't care. Kind of like they are just renting it rather than actually caring about paying down the loan.
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  #12  
Old 08-25-2012, 12:40 AM
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The people who get new ones every couple of years probably don't care. Kind of like they are just renting it rather than actually caring about paying down the loan.
What if they pay cash?
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  #13  
Old 08-25-2012, 12:46 AM
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What if they pay cash?
Then they are awesome. For most people, paying cash is not an option on a $100k boat. The original question was how are regular working people able to afford a new mastercraft. I don't think paying cash is the most common method of payment.
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Old 08-25-2012, 12:54 AM
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It's all what you make a priority in your life. Me and my wife do not have kids and focus on boating, vacation and saving for retirement. I'm sure it's different for everyone. There are people that pay cash, others make monthly payments and pay it off early, and those that get upside down. In the end it's all what people make important in their lives. That's my take.
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  #15  
Old 08-25-2012, 01:11 AM
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Originally Posted by Jonb1822 View Post
It's all what you make a priority in your life. Me and my wife do not have kids and focus on boating, vacation and saving for retirement. I'm sure it's different for everyone. There are people that pay cash, others make monthly payments and pay it off early, and those that get upside down. In the end it's all what people make important in their lives. That's my take.
I agree with priorities. As long as you're within your means and the payment works and makes sense, there's really no issue there. At 100k+, I hope you like your boat though... that's a pretty large investment for most of the population. Those that have the ability to set aside 5-1200 bucks a month for a boat payment are definitely not the majority of the American public. I hope that someday I'm in that range of badassness.

Keep the liberals out of the office and senate and house, and it'll be easier
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  #16  
Old 08-25-2012, 01:17 AM
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Originally Posted by JRW160 View Post
Then they are awesome. For most people, paying cash is not an option on a $100k boat. The original question was how are regular working people able to afford a new mastercraft. I don't think paying cash is the most common method of payment.
Just wondering. Guess you could look at it the same way, pay cash rent it for a year or two, lose $10-20k, but a new one.
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  #17  
Old 08-25-2012, 01:20 AM
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Originally Posted by Jonb1822 View Post
It's all what you make a priority in your life. Me and my wife do not have kids and focus on boating, vacation and saving for retirement. I'm sure it's different for everyone. There are people that pay cash, others make monthly payments and pay it off early, and those that get upside down. In the end it's all what people make important in their lives. That's my take.
True and I bet you're going to boat in your retirement.
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  #18  
Old 08-25-2012, 01:39 AM
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True and I bet you're going to boat in your retirement.
Lol. I'm nowhere near retirement (almost 27), but when/if that day comes I plan to. Figured I would start now, so that I can retire by 90
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  #19  
Old 08-25-2012, 01:48 AM
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Lol. I'm nowhere near retirement (almost 27), but when/if that day comes I plan to. Figured I would start now, so that I can retire by 90
lol 27... you'll have kids some day. If you don't want to, go get snipped now
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  #20  
Old 08-25-2012, 02:23 AM
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Originally Posted by pram View Post
He must have been at Rayburns I am guessing
Martin Motorsports has a dealership in Kelowna now....
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