Boat Purchasing Poll

[swatski]

@AZDANSX230HO
How are you paying for the silver and how many at a time are you buying?

He uses bitcoins .

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[captras]

Could have paid cash but couldnt resist the 12 months 0% interest. Will be 12 LARGE payments, but I keep my money longer that way!

 

[AZDANSX230HO]

lol.....I wonder if we have the same safes???

Possibly!! Mine weighs about 1000 Lb's empty 1 1/2 fire rating and 14 huge locking bolts!!

@AZDANSX230HO
How are you paying for the silver and how many at a time are you buying?

I have been buying from a local gold and silver dealer, he matches any of the best online prices I find, and I pay in cash. I usually buy 100 to 200 ounces at a time.

 

[MattFX4]

You guys, if we ever get to the point to where the dollar is nothing but a worthless piece of paper, god help us. Having silver or whatever won't matter. Maybe you should be investing in guns and ammo! Haha

 

[MattFX4]

For me, the difficulty with loan calculations here is figuring out when exactly you are/are not right-side-up in a boat...
You can probably figure it out, and Yamahas tend to keep their value, but still - it's one thing to get an appraisal, it's another to see the money.

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True. Until sold, and for more than you owe it's not a sure thing.

 

[AZDANSX230HO]

You guys, if we ever get to the point to where the dollar is nothing but a worthless piece of paper, god help us. Having silver or whatever won't matter. Maybe you should be investing in guns and ammo! Haha

Have plenty of that as well LOL.

 

[MattFX4]

Have plenty of that as well LOL.

Ha nice. Nothing wrong with investing in silver. I was just messing around. It really will be chaos and pure hell if the usd is ever worthless though.

 

[Murf'n'surf]

Sounds like we are cut from the same cloth!! Prices are decent right now, spot today is $ 20.27, of course you pay more buying it, I like buying the 1oz American Eagle Coins. And I have a very nice safe to keep it mine LOL.

http://www.silver.com/2016-1-oz-silver-american-eagles/

I added a monster box to the cart.......yeah that felt good!

 

[AZDANSX230HO]

Ha nice. Nothing wrong with investing in silver. I was just messing around. It really will be chaos and pure hell if the usd is ever worthless though.

Yep, pray that day never comes - it's like having a spare tire just in case you get a flat on the road. Better to have it and not need it, than to need it and not have it. Worst case my kids will have a nice inheritance and lots of cool stuff.

 

[AZDANSX230HO]

I added a monster box to the cart.......yeah that felt good!

Nice!!!

 

[Bill D]

We bought our boat at a relatively young age. We were about 30. We had enough to buy a 20k boat outright or buy something more and make the payments. It was well worth the 4.something% interest to get our boat when we did.

You can make more money, but you can't make more time. The last 2 years have been the best yet. I can't wait for the next 30.

 

[d_coyne1984]

I put $7k down on my AR192 so that if something happened, I could get out of it without being under water. Typical boat depreciation the first year is around 15-20% and it just isn't smart to owe more than it's worth.

 

[Zarrella]

Yep, pray that day never comes - it's like having a spare tire just in case you get a flat on the road. Better to have it and not need it, than to need it and not have it. Worst case my kids will have a nice inheritance and lots of cool stuff.

I think we may have been separated at birth!! I'm a gun guy too!

 

[Bennie]

We were on the verge on selling our house, and putting down around $60K to build a house. The builder went up and we had a difficult time selling our house. Decided to keep the house and put about $15K on the boat. That way with the low APR even if I loose my current job I can fall back onto the fire/ems truck and still keep my boat.

(as for savings we have our rainy day/retirement fund but no silver - I keep a few thousand of petty cash but if we get into a true SHTF situation only goods will be used for currency. ie guns, ammo, tools, medical supplies) IMO

 

[AZDANSX230HO]

I think we may have been separated at birth!! I'm a gun guy too!

Lol, my Brother from another Mother!! Just picked up a nice M1A last week, cannot wait to take it to the range.

 

[0627Devildog]

We paid cash in 2014, as the APR was 2.99. . . . . Had it been 0%, we likely would have financed. (As we did with my 15' Expedition) cash is in an account but took the loan due to 0% apr.

 

[AZDANSX230HO]

We paid cash in 2014, as the APR was 2.99. . . . . Had it been 0%, we likely would have financed. (As we did with my 15' Expedition) cash is in an account but took the loan due to 0% apr.

Cannot beat 0% financing!!!

 

[blacksapphirez]

bought first boat cash... this one financed it as I spent all the money from selling the first boat on a car lol

I like the fact that I bought a smaller boat first and get acclimated to the yamaha..boating...jet... etc. then when it came to buying more expensive boat, I wasn't as worried. I knew what I was getting myself into. Thankfully the first boat was not a loss

 

[Jim Cosler]

I bought my boat new and put down $10K to offset initial depreciation. I financed the balance at 2.99% while putting the cash I could have used to pay for the whole thing into www.lendingclub.com peer to peer lending. I've been earning just over 8% interest on that money which means I am earning 5% by having the boat financed.

 

[Zarrella]

@Jim Cosler
Tell me more about this lending Club. How long have u been doing it? Loses? I am interested.