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View Poll Results: how did u buy your FIRST boat?
savings only 44 69.84%
credit + savings 15 23.81%
credit only 1 1.59%
savings + money borrowed from relatives 0 0%
credit + money borrowed from relatives 0 0%
robbed a bank/ found a suitcase full of $ 3 4.76%
Voters: 63. You may not vote on this poll

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Old 06-08-2008, 13:11   #1
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how did u buy your FIRST boat?

how did u buy your very first boat? any tips write below
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Old 06-08-2008, 13:17   #2
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Which boat?
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Old 06-08-2008, 13:18   #3
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the boat u own; in case u don't own a boat don't vote
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Old 06-08-2008, 13:29   #4
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Cash is better. A boat creates a lot of expenses. The addition of loan repayment can complicate things quickly.
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Old 06-08-2008, 14:33   #5
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CASH IS KING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Old 06-08-2008, 14:34   #6
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damn it i should named it 'how did you buy your first boat?' couse now u'r voting with +10 years of employment -> more $$ and probably not first boat
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Old 06-08-2008, 14:35   #7
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Tried my Amex card but the dealer wouldn't take it.
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Old 06-08-2008, 15:32   #8
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Quote:
Originally Posted by Chantyabc View Post
Just think if more individuals would finance the enconomy would be a better place today.
I think the economy is where it is today because too many individuals already did this.
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Old 06-08-2008, 16:00   #9
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I paid cash, litterally in cash. $11,500 in cash. This was because I had no idea how much the seller owed to the boat yard. I wouldn't put a dollar down without the yard being paid, thus cash was needed. It was the most flexible. Also financing a 20 year old steel ketch wasn't practicable. Thus, I jumped in with cash and told the surveyor his services were not worth 15% of the purchase price.
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Old 06-08-2008, 16:36   #10
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Quote:
Originally Posted by Karletto View Post
damn it i should named it 'how did you buy your first boat?' couse now u'r voting with +10 years of employment -> more $$ and probably not first boat
OK, fixed it for you, Karletto. Some of us may have a hard time remembering how we bought our FIRST boat!
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Old 06-08-2008, 16:36   #11
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we sold our house to finance our boat it was to lockup stage when we bought her we then went to live with my out laws to finish her this took about 14 months of non stop work but we got there in the end we didnt quite own our house but there was enough to buy the boat and kick start the fit out and buy most of the gear before the bank got the rest if you dont have the savings then start saving go see your bank and kick of a fixed saving account but DONT get it on credit because they will get you up that financial creek without a paddle
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Old 06-08-2008, 16:58   #12
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i voted cash and credit

but the credit part was only 3 payments over 6 weeks, so i dont really know how i should have voted
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Old 06-08-2008, 17:09   #13
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The "One Easy Payment Plan"

CASH!!!
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A small boat and a suitcase full of money beat a 40 footer tied to a bank every time!
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Old 06-08-2008, 17:13   #14
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Cash only from savings.
Deeeeeeeeebt! Sounds too much like Baaaaaaaaaaah! And a fenced in sheep I’ll never be!
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Old 06-08-2008, 17:21   #15
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First boat was a real deal. My Dad wanted a slip for his 30' boat. the only way to get one was to buy an existing boat. He bought the boat but didn't want it. I got the boat as long as he got the slip. Donated it after 6 months. Heard this kind of thing is startign to happen again. You buy a boat for bery little that comes with a slip (which sells for a lot) then the guy who wants the slip sells the boat cheap. For cash.
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