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Money in hand what would you buy?

Old 11-19-2020, 08:14 PM
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Default Money in hand what would you buy?

I got offered more than I paid for my boat and trailer..105k. What out there would you buy? I am a day family boater and fish(no more than 30 miles off shore in New England).

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11-19-2020, 08:21 PM
Dkn1997
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I recommend you do what I would do... use that money as a downpayment on a 200k boat that you totally don’t need
Old 11-19-2020, 08:21 PM
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I recommend you do what I would do... use that money as a downpayment on a 200k boat that you totally don’t need
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Old 11-19-2020, 08:34 PM
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Lots and lots of personal preference in this answer. You are about to get a bunch of opinions while only you know what you like and want.
Old 11-19-2020, 08:37 PM
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Originally Posted by Dkn1997 View Post
I recommend you do what I would do... use that money as a downpayment on a 200k boat that you totally don’t need
This, but actually, I would think about 20% down payment would be nice. so, 100k on a. 500k boat. Then I would think about it more and not buy anything...
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Old 11-19-2020, 08:45 PM
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A house down south so you could boat all year and a 5,000 dollar boat. Sell the place up north and use the 2 million dollars profit and never work again.
Old 11-19-2020, 08:50 PM
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Just consider that the used market for boats is pretty insane right now. Do some quick searching on what you could get into if you sell and see what it's running pricewise. It seems as though factories are backlogged for new builds and parts, and used boats are selling for crazy prices just because people are wanting to be on the water (due to chyna virus?).
Sometimes you already have the boat that fits your needs, your comfortable with its history, and it's paid off- but that's for you to decide.
Old 11-19-2020, 09:21 PM
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If you read the "When will the boat market tank???" threads you could probably pick something up in the spring for half price. Or not. Might be double. Because Rona.
Old 11-19-2020, 09:38 PM
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I think you sou should only do this if you are downsizing. I had the same thoughts in my head on a smaller scale when I saw I could likely sell my 20K boat for 27K. I bought my boat under the market price last fall year from an estate about it week before it was scheduled to be winterized. So most of my discount was timing and cleaning and offseason work I did fixing up boat that didnt show well but I am sure a few thousand of the 'profit' is the rona bump. The problem is the replacement used boat that I want that should have been about 60K is now 70-75K.

If you get say 10% extra for your boat and then pay 10% more for a more expensive boat you end up a net loser. Now if you are willing to sit out a season maybe this makes sense but with most manufacturers almost selling out on 2021s my personal guess is prices will include the rona bump for some time. But like Lifeislarge said above no one knows what way the volatile market will go
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Old 11-19-2020, 09:43 PM
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Originally Posted by Blazman234 View Post
I got offered more than I paid for my boat and trailer..105k. What out there would you buy? I am a day family boater and fish(no more than 30 miles off shore in New England).

What boat do you have now? I would think about what I had and what I liked and disliked about it. Then go search for what would be a better match for me. If used prices are that high I’d probably also be looking at new, depending of course on what you might be looking at.
Old 11-19-2020, 09:52 PM
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Will you realistically find a better boat for that money? A comparable one for significantly less?
Old 11-20-2020, 12:53 AM
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Do you want to sell your boat or are you just willing to part with it for some extra money. If you like the boat and it suits your needs keep it, the grass isn't always greener with a different boat.
Old 11-20-2020, 03:08 AM
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Default What would you buy

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Old 11-20-2020, 04:43 AM
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beer and hookers
Old 11-20-2020, 05:17 AM
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Originally Posted by personalt View Post
I think you sou should only do this if you are downsizing. I had the same thoughts in my head on a smaller scale when I saw I could likely sell my 20K boat for 27K. I bought my boat under the market price last fall year from an estate about it week before it was scheduled to be winterized. So most of my discount was timing and cleaning and offseason work I did fixing up boat that didnt show well but I am sure a few thousand of the 'profit' is the rona bump. The problem is the replacement used boat that I want that should have been about 60K is now 70-75K.

If you get say 10% extra for your boat and then pay 10% more for a more expensive boat you end up a net loser. Now if you are willing to sit out a season maybe this makes sense but with most manufacturers almost selling out on 2021s my personal guess is prices will include the rona bump for some time. But like Lifeislarge said above no one knows what way the volatile market will go
This exactly. In addition, once you get a new to you boat there are unexpected costs associated in getting the boat set up like you want.
Old 11-20-2020, 05:32 AM
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I wouldn't sell until the replacement boat is found and secured - just as yours is fetching more than expected, you'll more thank likely have to pay more for its replacement. You could find yourself with the current boat sold and find the boat you really wanted is too expensive and if the market keeps rising whilst you're boatless, find yourself in a position where you end up with a 'worse' boat than you have now with no extra money in your pocket!
Old 11-20-2020, 05:41 AM
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Originally Posted by bluevein View Post
beer and hookers
For fun on the new boat.
Old 11-20-2020, 05:47 AM
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I would get one of these boats:
Old 11-20-2020, 05:49 AM
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Buy more chongas
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Old 11-20-2020, 06:03 AM
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Originally Posted by Furbird View Post
A house down south so you could boat all year and a 5,000 dollar boat. Sell the place up north and use the 2 million dollars profit and never work again.
C’mon man, you are killing me. We don’t need anymore transplants here.
Old 11-20-2020, 06:04 AM
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Less expensive used cuddy boat .

Invest the extra money

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