The boat of a lifetime...

When I had a lot of people working for me I liked to see them responsible for their personal life. The ones that were, were better employees, worked harder and were the ones that got promoted and made more. You now fit in that group. In a few years you will be making more and can afford what you want on your terms. Some times you need to eat frozen vegetables for a while to save but in the end you get fresh ones eventually.
 
Good for you Jim. You sound at rest with the decision and I know what lack of sleep can do to you.

It's not like you don't have a boat at this point!

Mark
 
CV-23 said:
My biggest concern Jim is...if it's the 350.....you can't trailer it yourself. Lots of additional expenses each year paying the yard to pull it, service it, store it, launch it, etc. Will the yard let you do your own work? I was told my expenses would go up $10,000 a year if I could not trailer it myself. I'm sure slip fees would also be expensive. If I kept my 270 at Raystown Lake, it would cost $2700 a year. Big jump up from $420. I'm sure a 350 would be over $3500 a year which may be cheap to some of you guys. Bigger boats bring on bigger expenses. Give it a few more weeks and see if you still want to go there. I would love a 350 but not where we currently live.....trailer launch only, Mike.
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there are only 2 marinas on Lake Monroe and the security and ammeneties on the "cheaper" one sucks
a 14x42 covered slip at Four Winds is 5760.00 per year.
kinda expensive for a wet parking place IMO
 
As I said earlier...a better boat will come along someday and you will think to yourself "Whew, I'm glad I didn't go with that first one!"
 
IMHO there really is only one question you have to ask yourself about this boat.....Am I in any way putting my family's financial future at stake to own this boat?

If you can't honestly answer that question with a very solid "NO", then don't buy it. If you bought it and lost your job or had some serious medical or other financial issue arise and you lost your home or had to file bankruptcy because you didn't have any financial safety net, you'd never forgive yourself.

It's just a freakin' boat. No matter how good a value it appears at this time, should your future situation change and you had to sell the boat in a hurry to raise cash, you might be screwed.

Your family's safety and well being must absolutely come first.
 
Sounds like you are totally dismissing the idea all together. The way I see it, you have a month to sell your toys and if the boat is still available then it was meant to be.
 
quality time said:
Sounds like you are totally dismissing the idea all together. The way I see it, you have a month to sell your toys and if the boat is still available then it was meant to be.
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on the contrary...I haven't dismissed the idea...
just let go of the attachment to the boat.
 
Ok.....I just watched Overpowered's videos.....I want a 350 too! It's a good thing I can't get one in the water at our club/river and the bigger water is hours away for me. The 1990 350 is huge!....Mike.
 
Have to agree with your decision, if you have been losing sleep over it. It was obviously a little more difficult for you than I gathered. Another boat, or perhaps even this same one down the road, if you get your "other toys" sold quick will come along. After all boats are like guys and buses...........there'll be another one along in a minute:)
 
BritLady said:
Have to agree with your decision, if you have been losing sleep over it. It was obviously a little more difficult for you than I gathered. Another boat, or perhaps even this same one down the road, if you get your "other toys" sold quick will come along. After all boats are like guys and buses...........there'll be another one along in a minute:)
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deciding not to buy the boat was not that hard...Deciding how to disappoint the Admiral was excrusiating.
we looked at it on our anniversary
 
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I have been reading through your whole post. I remember feeling exactly the same way you do. My wife was so tired of looking at, and hearing about boats she probably would have been happy with a bathrub and a motor.

I walked away, and I felt a huge relief. Then I went back and bought it anyway.

While I don't regret my decision, (maybe a little) I'm happy with the boat that I have.

I suppose the best way to describe it is: If I had slowed down and listened to my gut I think I would have made an even better decision.

Slow play the seller. You are a cash buyer and those are few and far between. You are in the drivers seat. Get a little more agressive selling the other toys.

The other guys are right. If it's meant to be, it will happen. That's exactly how I bought my 280ss, and that was a fantastic deal.
 
Jim...is this boat on Table Rock? Is it the one in Cape Fair? Good luck with your decision.
 
Didnt know you were loosing sleep over it,makes it a whole different thing.You will thank yourself later for your taking a step back to look at the big picture.Never know what kind of deal may drop in your lap next week,and i know it will for you,just look at the things you have already.
 
moparlvr4406 said:
on the contrary...I haven't dismissed the idea...
just let go of the attachment to the boat.
Click to expand...

Jim, when you told the guy you werent buying it, he said he was waiting a month or so before he listed it with a broker. I dont know what the fee is in the States, but in Australia the brokers fee is fairly high. You have divorced yourself of the emotion which is good, now means you can negotiate. You have the power, you have the cash and he wants to sell.

I have seen it said here before and it is true, let the silence do its job. Leave it a while if your still interested in the boat, then make an offer you are comfortable with (or less than you are comfortable with) then say nothing, let it sit. I don't think your market is much different to ours. Boats aren't selling, there are still boats for sale now that were for sale when I was looking at mine over 18 months ago. My Brother in Laws' Riviera was boaght from the states, he watched it for nearly 2 years before he finally negiated and bought it. One of the guys on my marina bought a 54 Sea Ray out just before Christmas, he watched it on the Yacht Auctions Repossesed site for 12 months before he made an offer.

So bide your time, remember you have the upper hand, and if it does get bought by someone else, then as you said it wasnt meant t be.
 
What was the boat that you were dreaming about?

I know for us over the years contemplating almost doubling our size boat the costs went up exponentially and with my other hobbies the justification of costs to avalaible use time never made sense. While I had friends and yacht club members making leaps to much larger boats now over time do not seem to use their boats because of cost or altogether are now out of boating ?????

Wish you the best of luck whatever your choice is.
 
I say buy it; if it is really your dream boat and you can afford it without putting yourself in trouble. The other toys will sell to replenish at least most of the money and then make a plan to replace the remainder. Of course I could just be saying that to make myself feel better about making a similar decision...
 
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