|
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% |
 |
|
06-08-2008, 13:11
|
#1
|
|
Registered User
Join Date: Aug 2008
Location: Slovenia not Slovakia; gulf of Triest
Boat: owned a 6m single hull sailing boat, a HIRONDELL 23 cat and chartered modern +8m ELAN boats
Posts: 79
|
how did u buy your FIRST boat?
how did u buy your very first boat? any tips write below
|
|
|
|
06-08-2008, 13:17
|
#2
|
|
Registered User
Join Date: Jul 2007
Location: W Florida
Boat: Still have the 33yo Jon boat. But now a CATAMARAN. Nice little 18' Bay Cat.
Posts: 7,083
|
|
|
|
|
|
06-08-2008, 13:18
|
#3
|
|
Registered User
Join Date: Aug 2008
Location: Slovenia not Slovakia; gulf of Triest
Boat: owned a 6m single hull sailing boat, a HIRONDELL 23 cat and chartered modern +8m ELAN boats
Posts: 79
|
 the boat u own; in case u don't own a boat don't vote
|
|
|
|
|
06-08-2008, 13:29
|
#4
|
|
Moderator Emeritus
Join Date: Mar 2003
Location: Hayes, VA
Boat: Gozzard 36
Posts: 8,700
|
Cash is better. A boat creates a lot of expenses. The addition of loan repayment can complicate things quickly.
__________________
Paul Blais
s/v Bright Eyes Gozzard 36
37 15.7 N 76 28.9 W
|
|
|
|
|
06-08-2008, 14:33
|
#5
|
|
Eternal Member
Join Date: Feb 2008
Location: Las Brisas Panama AGAIN!
Boat: Simpson, Catamaran, 46ft. IMAGINE
Posts: 4,507
|
CASH IS KING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
|
|
|
|
|
06-08-2008, 14:34
|
#6
|
|
Registered User
Join Date: Aug 2008
Location: Slovenia not Slovakia; gulf of Triest
Boat: owned a 6m single hull sailing boat, a HIRONDELL 23 cat and chartered modern +8m ELAN boats
Posts: 79
|
damn it i should named it 'how did you buy your first boat?' couse now u'r voting with +10 years of employment -> more $$ and probably not first boat
|
|
|
|
|
06-08-2008, 14:35
|
#7
|
|
Registered User
Join Date: Apr 2004
Location: Toronto
Boat: CS36Merlin, "La Belle Aurore"
Posts: 7,557
|
Tried my Amex card but the dealer wouldn't take it. 
__________________
Rick I
Toronto in summer, Bahamas in winter.
|
|
|
|
|
06-08-2008, 15:32
|
#8
|
|
Registered User
Join Date: Apr 2004
Location: Toronto
Boat: CS36Merlin, "La Belle Aurore"
Posts: 7,557
|
Quote:
Originally Posted by Chantyabc
Just think if more individuals would finance the enconomy would be a better place today.
|
I think the economy is where it is today because too many individuals already did this.
__________________
Rick I
Toronto in summer, Bahamas in winter.
|
|
|
|
|
06-08-2008, 16:00
|
#9
|
|
Registered User
Join Date: Jun 2008
Location: Middletown, NJ.
Boat: Bruce Roberts Offshore '38 - "God Willing"
Posts: 41
|
I paid cash, litterally in cash. $11,500 in cash. This was because I had no idea how much the seller owed to the boat yard. I wouldn't put a dollar down without the yard being paid, thus cash was needed. It was the most flexible. Also financing a 20 year old steel ketch wasn't practicable. Thus, I jumped in with cash and told the surveyor his services were not worth 15% of the purchase price.
|
|
|
|
|
06-08-2008, 16:36
|
#10
|
|
CF Adviser
Moderator Emeritus
Join Date: Sep 2007
Location: Virginia
Boat: Island Packet 380, now sold
Posts: 8,943
|
Quote:
Originally Posted by Karletto
damn it i should named it 'how did you buy your first boat?' couse now u'r voting with +10 years of employment -> more $$ 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! 
__________________
Hud
|
|
|
|
|
06-08-2008, 16:36
|
#11
|
|
Registered User
Join Date: Jun 2008
Location: adelaide ,australia
Boat: 36ft one off trimiran
Posts: 133
|
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
|
|
|
|
|
06-08-2008, 16:58
|
#12
|
|
Registered User
Join Date: Jun 2008
Location: chesapeake bay
Boat: 83 27' hunter "SALTY DAWG"
Posts: 129
|
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
|
|
|
|
|
06-08-2008, 17:09
|
#13
|
|
Registered User
Join Date: Dec 2007
Location: Fort Lauderdale, FL
Posts: 184
|
The "One Easy Payment Plan"
CASH!!!
__________________
A small boat and a suitcase full of money beat a 40 footer tied to a bank every time!
|
|
|
|
|
06-08-2008, 17:13
|
#14
|
|
CF Adviser
Join Date: Oct 2007
Boat: Van Helleman Schooner 65ft StarGazer
Posts: 10,280
|
Cash only from savings.
Deeeeeeeeebt! Sounds too much like Baaaaaaaaaaah! And a fenced in sheep I’ll never be!
|
|
|
|
|
06-08-2008, 17:21
|
#15
|
|
Registered User
Join Date: Mar 2006
Location: San Francisco, CA
Boat: Nordship 40ds
Posts: 3,864
|
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.
__________________
Fair Winds,
Charlie
Between us there was, as I have already said somewhere, the bond of the sea. Besides holding our hearts together through long periods of separation, it had the effect of making us tolerant of each other's yarns -- and even convictions. Heart of Darkness
Joseph Conrad
|
|
|
|
|
|
| Thread Tools |
Search this Thread |
|
|
|
| Display Modes |
Rate This Thread |
 Linear Mode
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
Advertise Here
 Recent Discussions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vendor Spotlight |
|
|
|
|
|
|
|
|
|
