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Old    Han Murraij (hmurray)      Join Date: Jan 2007       07-12-2007, 10:34 AM Reply   
So i was reading the topic of Brandon Kee, and thought by myself.. Are there more young people (below 20) that own their OWN. (so you did pay and worked for it, no not your daddy)
Let them see.
Just wondering. Is their some kind of boat drivers license in america? Or a minimum age to be a boat driver?
In the Netherlands you have to be 18 and get your boat drivers license (tough exam sure it is.)
Ill post a nice pic of our boat in a couple days nice weather is comming to us (finally :-))
Old    Eder Garavito Garavito (spicychalupa69)      Join Date: May 2005       07-12-2007, 10:51 AM Reply   
I got my boat when i was 18, Daddy didnt pay for it...sure i took out a loan but only for half amount cuz i had enough for the first half. I own a 1997 Malibu Sunsetter and im not a few months from 21 and still going strong in regards to my boat ownership!
Old    Brandon Kee (trickyboarder08)      Join Date: Jul 2005       07-12-2007, 10:53 AM Reply   
You have to take a boater's education course to be able to opperate a boat if your under 18 i believe. I took mine online when I was 13 so I could ride a cheap waverunner that i got for like 300 bucks.
Old    Brandon Kee (trickyboarder08)      Join Date: Jul 2005       07-12-2007, 10:55 AM Reply   
That's Texas though. I'm not speaking for any other place.
Old    Nick C (wakedude83)      Join Date: Apr 2004       07-12-2007, 11:02 AM Reply   
I bought a Malibu Sunsetter all by myself for around $20,000 when I was 16. I took out a loan. Best thing I ever did!
Old    Han Murraij (hmurray)      Join Date: Jan 2007       07-12-2007, 11:08 AM Reply   
Damn i thought we (me and my nephew already paid much) with Ä9000.- (around $12376.- american dollar) at the age of 19 and 23
Old    Nick Tomsyck (sidekicknicholas)      Join Date: Mar 2007       07-12-2007, 11:16 AM Reply   
My friend and I went half and half on this boat... I'm 19 and paying my way on it, just took a loan but with the boat, tower, audio, ballast, new prop and everthing are only in like $22,000 (my half 11,00k) for a 95' SSNautique with 350 hours, and the previous owner cracked the block and put a whole new engine in the boat, so we only have 100 hours on the engine...it was a score


Upload
Old    Paul (psudy)      Join Date: Dec 2003       07-12-2007, 11:48 AM Reply   
Thats interesting Nick, since you can't get a loan under 18. Children are not allowed to enter into legally binding contracts.
Old    Nick Tomsyck (sidekicknicholas)      Join Date: Mar 2007       07-12-2007, 11:54 AM Reply   
I'm 19.... it seemed pretty clear when I said
"... I'm 19 ..."
so since 19 > 18 I got a loan... I just had to use my car as collateral
Old    ryan andrews (drewsnautique94)      Join Date: Nov 2006       07-12-2007, 11:54 AM Reply   
..well maybe daddy co-signed..thats funny.i would never allow my son or daughter to take out a loan for a boat at that age..stupid imo
Old    Paul (psudy)      Join Date: Dec 2003       07-12-2007, 12:05 PM Reply   
Wrong Nick. I didn't see there were two Nicks when I posted that. I was talking about Nick C.

(Message edited by psudy on July 12, 2007)
Old    Joe (tonysdad)      Join Date: Jul 2005       07-12-2007, 12:09 PM Reply   
Nick T...I think Paul was referring to the other Nick who posted on this:

By Nick C (wakedude83) on Thursday, July 12, 2007 - 11:02 am:

I bought a Malibu Sunsetter all by myself for around $20,000 when I was 16. I took out a loan. Best thing I ever did!
Old    Nick Tomsyck (sidekicknicholas)      Join Date: Mar 2007       07-12-2007, 12:11 PM Reply   
Oh, well I feel like a jackass now....
Sorry
yeah, 16 you for sure need a co-signer, or a big trust fund
Old    Luciano Grimblat (luchog)      Join Date: Jun 2002       07-12-2007, 12:14 PM Reply   
I own my 80 SN and another boat that i'm refitting.
Old    Trapper (canucked)      Join Date: Jun 2007       07-12-2007, 12:19 PM Reply   
I was 23 when i bought my first boat (used the rents prior to that)

2001 Air Nautique
Old    Brian Bedell (partyb)      Join Date: Dec 2001       07-12-2007, 12:24 PM Reply   
Whether you need a boat driver's "license" varies by state here in the U.S., and by how old you are as well. Most states require some sort of education or "license" for younger operators.
Old    mike (houdini)      Join Date: Aug 2005       07-12-2007, 12:48 PM Reply   
bought my first at 22 last spring. took out a loan - best thing i ever did.
Old    Tickle (showtime)      Join Date: Nov 2005       07-12-2007, 12:57 PM Reply   
paid cash for my first boat @ 22.. 1.5 yrs later upgraded to a boat 6yrs newer, paid cash, then 11mts later paid cash for another 6yrs newer... baby steps, baby steps.....
Old    M-Dizzle (liquidmx)      Join Date: Jun 2005       07-12-2007, 1:06 PM Reply   
It really depends on the situation. I have a great relationship with my parents, killer living conditions, and live in one of the highest housing market rates in the country. Thus I cannot afford a home until I have a second income (marrriage). Since my GF was/is still in school I bought my 2000 vlx at 23yrs old. Yah, I could have qualified for a brand new boat with my income and low debt to equity, but that would be foolish. My overall plan is to have the boat paid off and some savings ready for a home by the time my gf graduates. I also worked all through HS and college and paid off my truck (96 tahoe) so I have really no debt except the boat payment. I think if you have a plan and follow the plan it can be done; but there are a lot of other factors involved. There would be NO way I could afford a boat and rent in this area of the country, unless I never wanted to use my boat because I would be working 60-80 hour weeks.

I guess I could have made an investment in a condo or duplex instead of the boat. My personal outlook on life is different from most though. Attaining assets like its monopoly isnt my goal. Yah being rich (from smart investments and use of your earnings) would be nice, but not at the expense of having no life. When you die, you cant take it with you, your kids wont have earned it, and nobody cares about those two dates on your tombstone, just the dash between them.
Old    rod (rodltg2)      Join Date: Oct 2005       07-12-2007, 2:15 PM Reply   
well put Matt
Old    Eric (wakeboardin2k4)      Join Date: Sep 2006       07-12-2007, 2:23 PM Reply   
I bought my first boat in December, 86 ski nautique, big block. I took out a loan, and had my mom co-sign. They have not paid for a thing on that boat. It was the best thing i have ever did. I love it.
Upload
Old    E Johnson (ethan31)      Join Date: Jun 2007       07-12-2007, 4:32 PM Reply   
i will be lucky to have my own boat at 40....haha

(Message edited by ethan31 on July 12, 2007)
Old    Patrick (jetskiprosx)      Join Date: Aug 2004       07-12-2007, 5:55 PM Reply   
I am just fine mooching off my parents right now. The boat is basically mine as they don't use it often. I will buy my own boat someday...just as soon as I get of school, get a job, get a tow vehicle, and get a house
Old    rodney (azwakekid)      Join Date: Apr 2005       07-12-2007, 6:30 PM Reply   
aaahhhh. at the age of 16 i bought my first boat. it was a 1986 chris craft 17' put a joystick tower on it. put 400 hours on it in 2 years. then sold it for 500 bucks more then i bought it for. then i got a 1990 four winns for 1500 bucks. it already had a tower on it wit boardracks. used it for a summer then sold it last september for $4500. then i put that money down on a 2000 vlx. plan on turning that thing over probally by the end of this year or the next and then payin cash for a newer bu.
Old    Eric (wakeboardin2k4)      Join Date: Sep 2006       07-12-2007, 7:01 PM Reply   
sorry, i forgot to mention with my picture that Im 19 and bought it when i was 18
Old    Patrick (jetskiprosx)      Join Date: Aug 2004       07-12-2007, 7:19 PM Reply   
I have to give you guys props! I am 22 and there is NWIH that I could afford to own my own boat. I am really amazed at how many younger people own boats! I feel very fortunate to have parents that own a boat, but I also admire people who save up their money and are able to get a boat all of their own. I put some money into our family boat, but it is by no mean 1/2 mine. I sure would like to purchase it from my parents sometime in the future though. To everyone who is young and owns their own boat, good for you! (where is the thumbs up smiley? I guess the happy face will have to do.)
Old    Kevin Hoye (wakebrdr38)      Join Date: Sep 2006       07-12-2007, 7:20 PM Reply   
got my 2001 when i was 19, almost paid off :-)
Old    Brent (mcx2ryd)      Join Date: Sep 2005       07-12-2007, 8:10 PM Reply   
I live in Canada. And everyone that operates a watercraft has to have a licence by 2009. If you were born before I think 1982 or somewhere around there you have to have a licence and write a test etc..

I bought myself a 2006 X2 when I was 20. My first boat. Before then I lived with my parents and had a boat to ride on all the time. I couldnt handle not having a boat in the driveway to take out at a moments notice so I pulled the trigger on my own boat. My goal was to pay it off in less than 5 years. Almost done only 25K to go!!
Old    A-dub (behindtheboat)      Join Date: Aug 2006       07-13-2007, 5:36 AM Reply   
Got my 89 MC Prostar at 20. One thing that should be noticed (IMO) is people of this demographic are some of the best overall riders, drivers and boat owners, and have probably been in the game for a bit. All I do is laugh at people now that come on mine and are all "yeah, I can do this trick, but not behind this, I'm used to a SAN, Wakesetter etc." or " my friend has a ___" I just say, they have one, or their parents? and tell them to learn technique. I for sure used my parents' like it was mine, but never claimed it, and there's just something about owning your own. It's definately my baby.

FYI, In Kansas (while I grew up, maybe not now) you could drive at 13 or 14. I was a certified tournament driver at 14. I'm still all for required liscenses to operate a boat still.
Old    Phil Jakubowski (65sanford)      Join Date: Feb 2007       07-13-2007, 5:57 AM Reply   
I bought my first boat at 18--a 1988 Supra Mariah--got a loan and paid it off in a year. Kept that boat for 9 years--sold it last year for a profit(can you believe it) after some bartering and used the neighbors Malibu last summer to save for my new(er) boat--2003 Supra 22SSV. All it takes is good credit and good spending habits to get what you want when you want it.
Old    Andrew (yager97)      Join Date: Feb 2007       07-13-2007, 6:12 AM Reply   
bought my first boat at 24, used my parents up until then. Had to pull the trigger on a boat, was riding behind a 14 foot boston whaler(Parents) it was just brutal for wakeboarding but better than nothing. Me and the girlfriend went half on a 2003 moomba mobius lsv gravity games, couldnt be happier. I guess I could have sunk all my money into investments and real estate, but whats the fun in that????
Old    Andrew (yager97)      Join Date: Feb 2007       07-13-2007, 6:17 AM Reply   
Upload
Old    Nick C (wakedude83)      Join Date: Apr 2004       07-13-2007, 6:25 AM Reply   
Paul, way to be a naysayer. How do you know that my parents didn't take out the loan and have me pay them? OR MAYBE I AM TOTALLY LYING JUST TO IMPRESS YOU!!! Oh well, you don't have to believe me if you don't want. I guess if you say I didn't take out a loan, then I didn't.
Old    Han Murraij (hmurray)      Join Date: Jan 2007       07-13-2007, 6:50 AM Reply   
@ A-dub.. your totally right. we have a mc Prostar 89 either.
I think that if you learn things on a smaller wake you are forced to use the right technique.
And still glad we didn't bought the 1987 SN. (wooden floor,, so bad when it's raining al days)
Old    Leo Lasecki (malibuboarder75)      Join Date: Jan 2004       07-13-2007, 7:02 AM Reply   
My mom bought a 1983 2001. I picked it up in Georgia. She put up $4000 and I put up $500 + about $4000 in restoration. I'll post some pics after the floor gets put in.
Old    Paul (psudy)      Join Date: Dec 2003       07-13-2007, 7:10 AM Reply   
Nick, you said YOU took out a loan. I am just trying to keep the BS to a minimum. That is fine if your parents bought the boat for you.
Old    Nick C (wakedude83)      Join Date: Apr 2004       07-13-2007, 7:16 AM Reply   
What actually happened is that I, YES I, did take out the loan. My parents cosigned. I payed for it all by myself too. It's all payed off. Why do you have a problem with that? So what I said was right. You didn't think of the other options. I was upset at you until I looked at your profile and found out that you are one of those people who buys a Parks board and can't ride it. Then I understood. Say whatever you want but I'm done responding to you.
Old    Paul (psudy)      Join Date: Dec 2003       07-13-2007, 7:43 AM Reply   
I don't care.

As far as your other comment. Grow up.
Old    Jared Power (power_rider)      Join Date: Feb 2007       07-13-2007, 8:22 AM Reply   
got my license when i was 12.
Old    BG WCC (bigpapaf1f)      Join Date: May 2005       07-13-2007, 8:51 AM Reply   
Whats with all the hate Nick!!! He has been on here since 03' and has 2106 posts!! So thats a dead give away that he's very it to the sport! What makes you think he can't ride? and even if that is the case what does it matter to you! He must love wakeboarding thats all that matters, Chill out!! He was just checking to make sure that you where keepin it real!!!


I bought my first boat at 19. Its was not a wakeboat. It was a houseboat that I bought as a investment. I sold it not to long ago made 25,000 on the deal!! Worked out damn good! Me and my buddies had a place to kick it and made some $$$!!
Old    Nick C (wakedude83)      Join Date: Apr 2004       07-13-2007, 9:11 AM Reply   
I'm not hating dude. I just didn't like how people are trying to call me out. I just answered the question from the thread. I have under 100 posts and believe me - I'm just as into wakeboarding as anyone on here. Watch it or I'll hate on you too!
Old     (fatsac)      Join Date: Jun 2004       07-13-2007, 9:37 AM Reply   
Man, that was pretty harsh.
You all are really lucky. My parents loaned $300 bucks for my first car and we kneeboarded behind a 14' Salty w/ a 25 horse Evinrude. It took days to get out of the water but they would have kicked my ass if I asked for co-sign on a ski boat. "We're paying for half your college, that's good enough!" We did have a big cabin cruiser that was a ton of fun.
Man, I sound like the old guy who walked up hill both ways in the snow.
Old    looser (charman)      Join Date: Aug 2006       07-13-2007, 9:49 AM Reply   
i cant buy a boat because im paying my student loans...

me too fatsac!
Old    Nick (ironcross25)      Join Date: Jul 2006       07-13-2007, 9:54 AM Reply   
Well I got mine at 26. 86 supra and I love it. The only thing is now I have the bug.....I want a newer boat with an open bow for more room.
Old    Brad (bstphen24)      Join Date: Apr 2006       07-13-2007, 10:11 AM Reply   
I bought the boat in my profile for $1k from the old man when I was 17. Built the tower and have had loads of fun with it. At the end of this summer I'm getting an even better deal. I will be getting a '84 SN2001 that just had the floors and motor redone 3 years ago. And because I'm getting from a family friend they are only going to make me pay $1.5K. They are buying their son a new boat for when he returns from Iraq.
Old    Brett T (themadsupra)      Join Date: Jun 2007       07-13-2007, 10:30 AM Reply   
Just got my first boat and I did it solo! A 2001 Centurion Air warrior with only 180 hours on it. Took it out for the first time yesterday and I had a blast! Wish I could have got a air natique but this is a good first boat for only be 22!
Old    Swatguy (xstarrider)      Join Date: Jun 2007       07-13-2007, 12:30 PM Reply   
Nick
Probably why you only have 100 posts you have no idea how to talk.

"I bought a Malibu Sunsetter all by myself for around $20,000 when I was 16. I took out a loan. Best thing I ever did!"

UH DUDE YOU didn't take out the loan....your P's did for you. So you should be saying that was the best thing they ever did. Cuz without them you would have had nothing. You paid them back and worked for it, but YOU didn't take out the loan all by yourself so stop trying to talk like you are a big boy....How quickly the youngins forget about them and want to take all the credit. Think maybe it's time to grow up. Sucks when you caught lying and still don't want to fess up. Just throw the hate and maybe no one will notice. Gotta love the kiddies trying to play grown up these days.
\
Juat wanted to add also that I bought my first boat at 20 an 88 2001 Nauty. WOuld do it again too. All the props to the youngins with boats. ENJOY!

(Message edited by xstarrider on July 13, 2007)
Old    A-dub (behindtheboat)      Join Date: Aug 2006       07-13-2007, 12:41 PM Reply   
I'll try and play ref but just piss everyone off. Paul is always trying to call people out, so thats not new, and Nick has made dumb comments a lot lately, again nothing new. Which this is all against the quit being dicks to each other thread. Older guys are going to try and call young'ns out, and young kids are going to take offense to it. Just remember that please.

Question: Nick C, did you pay for the X-1 as well? really none of my business, but if you didn't then it's very hypocritical to brag on here.
Old    Nick C (wakedude83)      Join Date: Apr 2004       07-13-2007, 12:52 PM Reply   
Swatguy if you read more, I say that I did take out the loan. My parents cosigned, and the loan was in my name. I also got really good credit out of it. I don't know how many times you want me to say it. Mommy and Daddy never bought me a car or a boat. Why are you telling me to stop pretending to be a big boy? What is going on? The topic was who bought a boat when they were young. I did. That's all I said, so how am I lying???

A-Dub, I was able to buy the X-1 by trading in the Sunsetter and applying money I made from my landscaping business.

(Message edited by wakedude83 on July 13, 2007)
Old    DG (dgunthert)      Join Date: Mar 2007       07-13-2007, 1:26 PM Reply   
Nick, you've got some pretty thin skin. You were called out for saying you bought the boat all by yourself at 16, when, in fact, you didn't (and actually couldn't).

Your parents had to sign for you since you couldn't even legally enter into the contract for the loan on your own. The loan may have been in your name, but you didn't bear any legal liability for it.

You got called on your first post because it wasn't accurate and reacted by getting extremely defensive.
Old    FALCO (vfalco)      Join Date: Mar 2005       07-13-2007, 1:26 PM Reply   
I think maybe everyone needs to back down here a bit on Nick C. He mispoke a little on his first post by not saying his parents cosigned on his first loan, but he did pay for it on his own. All of it. And its the same deal with his new boat.
The kid busts his ass to feed his wakeboard habit. The reason he only has 100 posts is because he spends all his time on his boat and all his money to run it.
This isn't a kid living off mommy and daddy.
Old    Nick C (wakedude83)      Join Date: Apr 2004       07-13-2007, 1:27 PM Reply   
Thank you GOD
Old    Eric (wakeboardin2k4)      Join Date: Sep 2006       07-13-2007, 1:54 PM Reply   
how do you unsubscribe to a post so that it wont email me with everyones comments? Its forums like this where i wish i could just say bye bye and never read about it cause of the fighting
Old    Eric (mjfan23)      Join Date: Nov 2003       07-13-2007, 1:59 PM Reply   
I find it funny that everyone is jumpin on the dude, cause his parents co-signed the loan. lmao, umm who cares?!! wheres the money comming from... his pocket not mom and dads.

people read why to much into these things. errryone just needs to chill out

(Message edited by mjfan23 on July 13, 2007)
Old    Jon (jon4pres)      Join Date: May 2004       07-13-2007, 2:02 PM Reply   
Lets get this back on topic.

I bought a boat when I was 22. It was an 82 Nautique and have enjoyed the heck out of it. I bought mine with cash that I made on a house that I bought lived in with roommates and then sold when I graduated college. My dad gave me money for the downpayment on the house so I guess he did help me get started.

(Message edited by jon4pres on July 13, 2007)
Old    bocephus            07-13-2007, 2:26 PM Reply   

quote:

By Paul (psudy) on Thursday, July 12, 2007 - 11:48 am:

Thats interesting Nick, since you can't get a loan under 18. Children are not allowed to enter into legally binding contracts.




I wasn't going to say anything on this but what the heck, that's who I am.

Sorry to be the one to tell you this Paul, but you don't have to be 18 to take a loan out or to sign a contract in most states. You have to be 18 in order for said contract to be upheld in a court of law, but you don't have to be 18 in order sign a contract or take out a loan. Many Savings and Loans will allow someone under the age of 18 to take a loan out provided they have the ability to repay the loan.

By the time I was 18 I had taken out 4 loans with the local Savings and Loan. Yes, I was legally emancipated before I took out the last three but I was still under the age of 18 so you should apoligize to the guy! YOU DON'T KNOW EVERYTHING!
Old    Tyler McCurdy (tyboarder03)      Join Date: Nov 2003       07-13-2007, 2:50 PM Reply   
One more thing... Post count and age has nothing to do with abilities, knowledge, or respect. Nick- Keep on trucking man. Wish I was able to have an X-1 at your age I'm still moochin off mom and pops boat! Who wants to lay into me??? Paul????
Old    Nick C (wakedude83)      Join Date: Apr 2004       07-13-2007, 3:28 PM Reply   
Thanks guys - For some reason people telling me my mom and dad pay for my boat bothers me more than anything. I work extremely hard for everything I have and it really gets to me.
Old    M-Dizzle (liquidmx)      Join Date: Jun 2005       07-13-2007, 4:22 PM Reply   
Nick: the best way to combat that is to be an amazing rider. There are MANY local riders here in CA that dont even own a boat. The more you rip, the more water time you get. Everyone wants to ride with someone better than them (provided the person isnt a punk).

Stick with it man. I just built a cardboard "hobo sign" with "$ for pull" on one side and "seasoned rider" on the other. Its for those days when I cant find a third, I plan on chillin at the ramp trying to bum a ride!

And I guarantee you will get more respect being a killer rider than anyone that "won the genetic lottery" ever would.
Old    Christian (degraafics)      Join Date: Mar 2003       07-13-2007, 4:51 PM Reply   
Hmmm, I remember buying my first truck with a loan at 17, and my dad co-signed. I paid every cent of that money too.
Funny how people rip on a guy like Nick C and don't know jack about him. 99% of you key-board riders couldn't hold a candle to Nick's riding skills. I personally know him, and I'm not one of his close friends either. He's one of he best riders I've seen in the midwest region.
I know this kid works his ass off for his boat and gas, and is humble about his skills.
Post counts don't mean jack either. That just means you can be a tool with a keyboard, which has absolutely no bearing on your riding skill level.
Old    Greg Wasson (lhlocal)      Join Date: Jun 2003       07-13-2007, 5:11 PM Reply   
I hate to jump in on these threads, but I have to back Nick. He may have come off as a bit cocky, but with the skills he has, he should be a lot more cocky. He's on the best riders Ive seen ride in person, works extremely hard for what he has, and also has driven two plus hours to ride in a demo and teach little kids how to ride for FREE. Keep on keepin' Nick, see you at Boot Camp.
Old    E Johnson (ethan31)      Join Date: Jun 2007       07-13-2007, 5:24 PM Reply   
When you guys got loans. (like under 20)

Do they look at credit? Did you have credit? Was it hard to get certifed or w/e?
What did you use to build credit? Credit card? other.....?

thanks
Old    Christian (degraafics)      Join Date: Mar 2003       07-13-2007, 6:26 PM Reply   
I didn't have credit at the time, but since I had a parent co-sign and it wasn't a huge loan ($5000), it wasn't a problem. I remember signing the loan papers, filling out the app... the whole process.
Now, this was all back 18 years ago too. Things may have changed since then.
Old    Swatguy (xstarrider)      Join Date: Jun 2007       07-13-2007, 7:33 PM Reply   
This is frikin hilarious I love it!

Dude you need to calm down. I never one once said you didn't pay for the boat. I(along with several others) said you couldn't take out the loan by yourself which you so boldly stated. FACT then you went on a rampage on everyone callin you out, but again without your p's it couldn't have been done and you seem to have left that part out or just don't want to admit that for some reason. Then you throw the your riding sucks in there SWEEET! No one was jumping on you for how your first boat was paid for a wasn't paid for. They were jumping on you for the way you stated it coming across like it was all you, when in fact it wasn't. See you at the comps and the events this summer. Probably either be judging like normal and watching you tear it up, or if my surgery goes soon, sitting on the ledge "post op" in with my crutches in hand and a beer in the other. That is all

Wait one more thing Shout out to the SR CREW that popped up TATATA for now til BOOT CAMP pour some out for a fallen soulja


I LOVE FORUMS They let anybody on here HAHAHH

(Message edited by xstarrider on July 13, 2007)
Old    KB (kbrowning)      Join Date: Jun 2006       07-13-2007, 8:15 PM Reply   
Bought a 1999 210 maristar in 2001 at 24 on a home equity loan, paid it off later that year. Bought a 2002 x star the next spring for cash after we realized we loved wakeboarding.
Old    Brent (mcx2ryd)      Join Date: Sep 2005       07-13-2007, 8:53 PM Reply   
Everyone has to start somewhere!!! If you have no credit someone has to cosign. Whether it be your parents, family friend etc... Still dont mean that the cosigner is making the payments. Give this guy a break he earned what he owns. I "bought" my own truck and financed it through Chrysler when I was 18. I had no credit so I had "daddy" cosign for me. Its more annoying than anything but the loaners have to cover there asses right. After the truck was paid off 2 years later I bought a $70K boat on my own. Of course I didnt need a cosigner. I had credit.

Give props to peeps that are doing well for THEMSELVES and lay off.

Anywho carry on... this good thread turned to sh?t.
Old    Andrew Brinks (rs1071)      Join Date: Feb 2007       07-13-2007, 9:35 PM Reply   
2007 X-1.
20 years old.
Mom co-signed, I foot the bill.
Best purchase ever.
I figured I might as well have fun, I'll never be 20 again.

Upload
Upload
Old    Doosten (deltardr)      Join Date: Jun 2006       07-14-2007, 3:34 PM Reply   
Im close, but with a wedding and relocating all in the same year my priorities have been shifted. It will happen soon, just not soon enough.
Old    Army Dad (sam8)      Join Date: Dec 2004       07-14-2007, 4:42 PM Reply   
Some of this is funny. But maybe I'm just old.
I bought my first boat when I was 18, in 1977.
It was a 1974 Anthony Jet, with a frozen 460 and a Berk pump.
I got it cheap, yanked the cracked engine, hit the boneyard and picked up a 460 out of a F-250 that had been t-boned and totaled with 14k on it.
Made 2 grand on that boat after running it for 2 summers.
Marriage, then kids. That there stuff ain't cheap.
In 1990, we bought a 1981 Seaswirl I/O Bowrider with, you guessed it, a cracked block. This time, just for giggles, I pulled the intake off of the 305 Chevy and found the crack behind a lifter bore.
We heated the block with a rosebud tip, then Mig welded it, then a little JB weld, and put the intake back on.
We ran that boat for 8 years, and sold it for 2x what we paid for it. My sons learned how to ski and board behind that old girl.
Then we had a chance at our SkiSanger, and jumped.
We love it. My neighbor bought the SeaSwirl,and that weld is still holding, almost 10 years later.
My oldest is now 23, and he is looking for his first boat. He is a hot-rodder, like his old man, and is going to buy a jet. I'll get to drive it, and he can always ride behind our Sanger.
Methinks they'll be a big block on the engine stand next winter.
I guess it is okay to go into debt for a high-dollar boat if you can swing it and don't have any other priorities. i'm 48, and knowing what I know now, I would counsel my sons against it. My oldest is 23, out of the serivce and working after getting his HVAC Cert. He is saving his $ to buy a house, so he wants to get into a fun, inexpensive first boat. Then he'll still have something to put into the garage next to his Banshee. If you kow a little about engines, there are some sweet deals out there every spring because other folks don't know how to take care of an engine, to put it bluntly. A little work, dirty hands and sweat equity can get you on the water for a lot less than the local dealer would ever want you to know.
Old    Ryan Lacefield (26lacefield)      Join Date: Aug 2006       07-14-2007, 8:10 PM Reply   
i know i'm going to get this but my parents hook it up with a new one every year. all i have to do is take their customers out on it. maintain it so its in showroom condition. n i don't get a raise for a very long time. i pay for all my other stuff. new truck, new dirtbike, insurance, cell phone, all the gas for the truck and boat, and anything else i want to spend money on. i'm a mechanic at their dealership n only get paid 8 and hour n work full time. i know if they didn't give me the boat theres no way i'd have it. i really appreciate them hooking it up wiht the boat. my RZ2 is my baby. we hvae a lot of customer that come in and drop anywhere form 20 to 80 grand on a boat n let their kids take it out n just destroy them and have no respect for the boat or their parents. i wanna say something to them sometimes but can't make the customer mad.
Old    Dante (hal2814)      Join Date: Feb 2006       07-16-2007, 6:16 AM Reply   
This whole cosign issue is a bit silly. If you want to get down to it, as long as your getting some sort of support from your parents be it their name on a boat loan, food on the table, or even a place to live, you're pretty indebted to them. Even if you saved up the money yourself and paid for the boat in cash, they still made it possible. Whether or not they cosigned your loan is irrelevant. That doesn't mean that what you've worked towards paying isn't yours. As a parent myself, I fully understand that I'd be nowhere without my parents and I fully intend to do what I can to put my children in an environment where they can be successful in life. If one of them decides to get their own boat and has a sound plan to pay for it, I'd cosign (assuming they were still a minor).
Old    malibu_nut            07-16-2007, 7:11 AM Reply   
i bought this when i was 18 for 10,500. i am now 21 and it is paid for in full. its all mine and i had no help.Upload
Old    Paul (psudy)      Join Date: Dec 2003       07-16-2007, 7:46 AM Reply   
Jesus! That got taken to far. Post count doesn't have anything to do with it. I never said it did. Nor does the board I ride. The internet allows you to be anyone you want to be. I was just commenting on the fact that banks don't give loans to minors. Now I am a keystroke boarder? Whatever. I have been boarding since 1996. A lot of people on here were still using training wheels then. My point wasn't to bash on Nick, it was simply to point out that he didn't take out the loan. Thats great if he paid it back all by himself. I just didn't want him to turn into another ryanxstar.

Adub, Who do I constantly call out? You are responding to the posts I had in the classifeds asking for sales price, when people don't list them. As I said, I am in the market for a boat, so without a sales price, it makes it difficult.

Bocephus, while it is not technically illegal to make loans to minors, it is not a safe lending practice. Since the contracts they sign are not contracts at all, you are making an unsecured loan to a child, with absolutly zero recourse. They don't have to pay them back, and there is nothing the bank can do about it. Most banks will not risk the loss, when it is easy for minors that are credit worthy to get cosigners, as in Nicks case.

(Message edited by psudy on July 16, 2007)
Old    Aaron (aarond0083)      Join Date: Apr 2007       07-16-2007, 8:31 AM Reply   
23 years old here and just purchased a 2007 210 Team. http://www.aarondenny.net/images/new210/

I bought my first boat at 21, which was a 2004 SANTE. I do mooch off of my Mom for boat storage though. No way I will keep my boat at the apartment complex when it can stay in a locked climate controlled garage that is closer to the lake.

I started building my credit at 18 so I didn't need a cosigner for either boat. Your only young once. Buy the boat you want if you can afford.

(Message edited by aarond0083 on July 16, 2007)
Old    Eric (wakeboardin2k4)      Join Date: Sep 2006       07-16-2007, 1:38 PM Reply   
Aaron D, thats pretty damn impressive. Nicely done. I dont want to change the subject of this forum but do you like the 07 better than the 04. Not just the boat but more importantly the wake?
Old    dabigkahuna            07-16-2007, 5:40 PM Reply   
Bottom lineÖNick got a loan and he made the boat payments. He didnít mooch off his parents, other people, sponsors , etc. He took the initiative to get a boat loan and he made the commitment to repay the money lent to him by whoever it was that lent him the money. Co-Signer or not, he deserves some respect and some credit for his accomplishments, especially at such a young age. I know some people over twice his age that wonít make a commitment like he made, so again, give Nick C. some props!

By the way, credit is a very personal thing, and I would appreciate it if someone out there in wakeworld land started talking about my personal credit, or lack of credit, or whatever, on a VERY PUBLIC forum. Thereís a reason why credit scores are confidential, they are very personal and people can interpret them differently, and people tend to judge you by them, which isnít always fair (especially if there is some history behind the situation).

Nick C., you daí man! Keep up the riding and keep up your landscaping business! Iíve had my landscape business since I was 15 years old, and itís afforded my lots of opportunities and lots of toys!
Old    craig (skier86)      Join Date: Jan 2004       07-16-2007, 7:09 PM Reply   
I bought my first boat when I was 18 (3 weeks from being 19) Paid cash money for an 87 American Skier. Ryan }I'm sure you knew the guy I bought it off of. That boat sunk at Nacimeinto the next summer. I bought my 86 American Skier after that. It's hard to believe that was seven years ago when I started boating. It all started with one pull behing my buddies Bayliner. I sad, hey I'm going to save my money and buy a boat. It helped that I lived at home the first year of college and started working for an engineering firm in High School and through college. Oh yeah bought my first house (Condo) when I was 21. I could have bought a house instead of a condo at 18 but (Oh yeah bought a boat). Building a huge house, then trading the boat to finally get a new boat. For every good investment I make, I new to make a bad one(Or one related to wakeboarding).

There alot of late 20's to early 30's on here hating on those that are a little younger than them that have sweet boats. It drives me crazy to listen to the garbage that you guy put out. All the time on this site, you talk about how much "Bling" you have on your boat. Then rip on some privilaged kid because his parents hook him up. Its not like anybody on this} forum grew up in the hood. We all had at least a decent hand dealt, otherwise we wouldn't have went out a bought boats.

(Message edited by skier86 on July 16, 2007)
Old    craig (skier86)      Join Date: Jan 2004       07-16-2007, 7:13 PM Reply   
Here is my boatUpload
Old    Jamie (jamieb)      Join Date: Mar 2007       07-16-2007, 9:48 PM Reply   
I know most of you will say this doesn't count, but this is essentially the price difference between private tuition and in state tuition

Upload
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Old    Paul (psudy)      Join Date: Dec 2003       07-17-2007, 1:45 PM Reply   
Go State!

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