In the market for a used 280, any feedback on price...

[BrentJones]

Well I think we can agree that there are three types of people. Those who are conservative and pay cash for everything, those who finance but still save responsiblely and those who are reckless spenders who get themselves in to financial crisis. Count me in the middle. Yes, I do have a "I want it now" mentality, but it is not reckless in nature. I make careful decisions, but am not afraid to spend money. Kudos to you guys for waiting and paying cash for things, but if it was required for people to pay cash for boats, this would be a very lonely forum.

 

[Dave S]

I retired early at age 49. I guess it worked out OK since I have been retired for 16 years now. We were always frugal but we did finance cars and homes, raised three kids, and enjoyed life too. But at the same time we did not take on debt beyond the car and the home. I never had a boat until six years ago and I paid cash for it. Today we pay cash for everything.

Be that as it may, the decision to buy a big ticket item and then the decision to finance it ought to be looked at carefully. You may be able to save a percentage point here or there by shopping around but the real issue is understanding what this debt means to you on a long term basis before you commit to it. I would suggest all of you have a good solid personal planning forecast to open your eyes to the effects a discretionary purchase such as a boat has on your future financial situation. You don't have to pay a professional to develop a plan or forecast like I describe.............do it your self with a spread sheet program. If you have a plan like that it is easy to plug in numbers and play "what if" games to see how your boat purchase affects your financial net worth in the years to come and what the difference is if you pay cash versus financing it. I have my own plan which I have used religously for years and it has worked for me. Now if you are 20 years old, then maybe you don't need to do this. But if you are in your 30's or older or have a family that is going to need a college education, then by all means do it. This is a lot more important than worrying about whether you are getting the best interest rate out there.

OK...........I'll get off my soap box now and you can all go back to talking about used 280DA's and the best financing out there. :wink: :grin:

 

[jg300da]

I suppose all those cash people also paid "cash" for their childrens college educations? Or their daughters 50K wedding? Or do they even have children?
Everyones situation is different. I'm sure we ALL work hard at what we do in order to enjoy some peace and serenity on whatever boat we can afford.
My .02 cents.

 

[Turtlesboat]

Why do you think I can afford a boat??? I don't have kids :lol: In fact i'm not even married :lol: Quickest way to save your money???? Don't marry

:thumbsup:

 

[BrentJones]

Why do you think I can afford a boat??? I don't have kids :lol: In fact i'm not even married :lol: Quickest way to save your money???? Don't marry

:thumbsup:

You HAVE made some smart financial decisions! :lol:

 

[RiverRat]

Why do you think I can afford a boat??? I don't have kids :lol: In fact i'm not even married :lol: Quickest way to save your money???? Don't marry

:thumbsup:

You HAVE made some smart financial decisions! :lol:

If he wears the same hat as he does while cruising... I can see why he's still single! :wink: :lol:

 

[Turtlesboat]

hahahahahehehhhhhhh. VERY funny, you guys are :lol:

Well, I found a new lucky hat. Same color but NEWER. I call it my lucky repair hat. when I wear the new hat, I fix broken things for pennies on the dollar. It scares away potential wedding hunters even better than the last hat. But I keep them both on the boat just in case the mojo of one is working better than the other.

oooppsss, off topic. back on topic now.