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New boat prices dam ridiculous!

Old 08-24-2019, 08:09 AM
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Default New boat prices dam ridiculous!

Dont see how the hell anyone can afford the payments on a 50,000$ boat I have good credit over 700 and still would have a payment of 656.00 - 727.00 a month what the hell ?... seems impossible to find a wood free construction with a 4 stroke around 20 -22 ft cuddy or center console.. looking at the numbers , and payments I could do 20,000$ but seems everything for 20,000 is junk around here in Pensacola
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Old 08-24-2019, 08:12 AM
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The best boat is your friends. Save your money and hop on a friends boat.
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Old 08-24-2019, 08:17 AM
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Originally Posted by JAGSARE1 View Post
The best boat is your friends. Save your money and hop on a friends boat.
its starting to look that way ... some jackass had a 21 cc for sell the other day was bout 15 years old with a 2 stroke and rotten transom ( visually rotten see motor leaning) . And still wanted almost 10,000.. transom in that boat would be about 4500
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Old 08-24-2019, 08:18 AM
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Pensacola sucks for used boats
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Old 08-24-2019, 08:26 AM
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Bought a new Defiance Admiral 220 3 years ago. Paid 63k cash + tax then sold my Edgewater 185cc that I paid cash for a few years before that. Market has already returned my purchase and then some and my retirement is still intact. No payment, just an effing luxury tax from the county that shows up once a year. No kids is one way to an early retirement.

Somedays I think it would be cheaper to go on charters overall.

And speaking of credit, I have an 800+ and can't get a loan for shit. To much debt to income and not enough income.
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Old 08-24-2019, 08:32 AM
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Originally Posted by redink View Post
Bought a new Defiance Admiral 220 3 years ago. Paid 63k cash + tax then sold my Edgewater 185cc that I paid cash for a few years before that. Market has already returned my purchase and then some and my retirement is still intact. No payment, just an effing luxury tax from the county that shows up once a year. No kids is one way to an early retirement.

Somedays I think it would be cheaper to go on charters overall.
By the time I have 60,000 cash I'll be to old to use it
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Old 08-24-2019, 08:33 AM
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$50K is chump change for a new boat. A basic pontoon at Bass Pro will run that easily. Most 20'+ CCs with no frills will be a lot more than that. I agree, it is absurd. Spend $100,000K (which seems to be where most decently equipped boats start) to catch $50 worth of fish. Buy used...but even then the prices are absurd (especially for CCs).

Might want to consider a dual console. For whatever reason, they are typically much cheaper than CCs.
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Old 08-24-2019, 08:35 AM
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20k doesn’t get you much in the way of sightly used here (se fl) unless it’s around 17ft or under. The people with old boats and two strokes priced high are dreamers.
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Old 08-24-2019, 08:38 AM
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Originally Posted by cjmac View Post
By the time I have 60,000 cash I'll be to old to use it
And to busy still working. Time is your friend when saving and investing.
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Old 08-24-2019, 08:39 AM
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The economic cycle will happen sooner or later and then AGAIN a bunch of boat MFG’s will close the doors just like in 2009-2012



I agree. my 20yr old boat costs me nothing to sit
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Old 08-24-2019, 08:42 AM
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Here's a good option for you to consider, a bit north of your $20k budget but manageable. Wood free too...
Be prepared to travel.

https://www.thehulltruth.com/boats-s...ish-236-a.html
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Old 08-24-2019, 08:44 AM
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Boats are a luxury
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Old 08-24-2019, 08:45 AM
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The guy at the dealer told me new sales have fallen to less than half in the past few years. I said no shit with these kinda payments in a retirement town . Ofcourse him owning a million dollar boat and the dealer he couldn't understand why no one was buying new from him anymore. The secret is out around here for new boats anyway . Everyone goes to Alabama about a 30 mins away and saves 5-10,000 right off the bat. Witch I'm starting to hear about
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Old 08-24-2019, 08:46 AM
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A $50k boat loan (144 months) with no money down is $500/month. Put 20% down and your under $400/month and not upside down.
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Old 08-24-2019, 08:50 AM
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Originally Posted by Fish'nFool View Post
Here's a good option for you to consider, a bit north of your $20k budget but manageable. Wood free too...
Be prepared to travel.

https://www.thehulltruth.com/boats-s...ish-236-a.html
very nice
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Old 08-24-2019, 08:51 AM
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As much as I would love a boat to cruise the sand bar/intercoastal and fish when I want. It is cheaper to hire a charter 5 times a year with friends than to own a boat. I have 2 firends with bay boats and I still offshore fish with captains 3-4 times a year. So it costs me on average $300-$350 per trip.

My truck payment is 650 a month, 72 month term. Luckily I got 0% financing. It will be paid off in December and I'm leaning towards a boat but more than likely not.
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Old 08-24-2019, 08:51 AM
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Originally Posted by bsh102 View Post
A $50k boat loan (144 months) with no money down is $500/month. Put 20% down and your under $400/month and not upside down.
from where ? I checked a few banks here . Thay go up 84 months and apr is no lower than 5.9%
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Old 08-24-2019, 08:54 AM
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Everyone I see around here is buying trips and Quad's.

300-500k +
650-900 gallon tanks.

The way things are now. I don't a lot of New boat for 50k. 20' maybe ?
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Old 08-24-2019, 08:55 AM
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and a 37' Freeman 2019 is listed here for $700k. wow.
you can build a 4500sq/ft home or a 37' boat same money. amazing
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Old 08-24-2019, 08:57 AM
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Originally Posted by 4/0 View Post
Everyone I see around here is buying trips and Quad's.

300-500k +
650-900 gallon tanks.

The way things are now. I don't a lot of New boat for 50k. 20' maybe ?
21 ft nautic star basic with 150 yam 4 stroke 51,000$
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