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Old    Nick Tomsyck (sidekicknicholas)      Join Date: Mar 2007       01-09-2018, 8:49 AM Reply   


.... Debt scares the **** out of me, and especially hurts while making a boat payment when its 0* out with a foot of snow; but as of this morning the boat is free and clear!!!!



Last edited by sidekicknicholas; 01-09-2018 at 8:52 AM.
Old    BLAIR BARHAM (jonblarc7)      Join Date: Jul 2006       01-09-2018, 11:15 AM Reply   
Congrats!!!

I'm hoping to knock mine out in the next year. And have a few years with no boat payment. But then I'll save up for a huge down payment plus selling my current one for my dream G23 LOL!!!!!
Old    Steven Pederson (sppeders)      Join Date: Jul 2011       01-09-2018, 12:46 PM Reply   
Nice. Those older boats run pretty when they are free and clear!!!!!!!
Old    Nacho (denverd1)      Join Date: May 2004       01-09-2018, 2:15 PM Reply   
very nice!!
Old    C Johnson (YYCBoarder)      Join Date: Apr 2013       01-09-2018, 3:36 PM Reply   
Awesome. I remember the thread when you bought the boat. Great deal and free and clear now!
Old    Nick Tomsyck (sidekicknicholas)      Join Date: Mar 2007       01-09-2018, 6:09 PM Reply   
Quote:
I remember the thread when you bought the boat. Great deal and free and clear now!
I honestly didn't think my wife would go for it ... we had just bought the lake house and it needed a LOT of work, so I figured there was no chance.... but man has she done a 180* since then. I mentioned selling the boat this past fall so she could get the SUV she wanted + re-do our kitchen and she instantly said "We are NEVER selling the boat". She caught the boat-bug, so I'm safe for years to come.

Didn't hurt we got a hell of a deal too.
Old    D.F.T.R. Josh (downfortheride)      Join Date: Jun 2005       01-09-2018, 6:30 PM Reply   
Stoked for this post! Congrats on the hard work and now the fun begins.
Old    Rob (DealsGapCobra)      Join Date: May 2010       01-10-2018, 11:36 AM Reply   
Nothing runs better than a paid-for boat!

Congratulations!!!
Old    David Williams (wakeworld)      Join Date: Jan 1997       01-10-2018, 5:59 PM Reply   
That's gotta feel good!!
Old    Tim (srock)      Join Date: Mar 2002       01-11-2018, 4:59 AM Reply   
My advice is continue making payments but to yourself and pay cash for the next one. It takes discipline but that good feeling will be even sweeter. Cash is king.
Old    Mark V (mark197)      Join Date: Dec 2009       01-11-2018, 7:05 AM Reply   
Man I'm jealous we are a year out. I can't wait! Congratulations.
Old    Dustin Yost (dyost)      Join Date: Jan 2007       01-11-2018, 9:32 PM Reply   
Congrats,

You will probably break even or possibly make money even after years of enjoyment with that boat.
Especially since you’re not wasting money in interest now.

Nice rig and smart move!

More interested in how to get the wife hooked on boating tho....
Old    Rick (CALIV210)      Join Date: Jun 2015       01-12-2018, 9:58 AM Reply   
I just paid mine off too . I'm so happy about it . I know my boats old but Ive worked my butt off my whole life and we love our boat . For me coming from nothing to just owning a home a decent truck and a cool boat Im starting to feel like the hard works finally paying off .
Old    Ryan Stover (onetogofast)      Join Date: Jun 2012       01-13-2018, 7:44 AM Reply   
I caught myself thinking of upgrading more when I was making a boat payment. Now itís paid off I seem to not be worried about replacing it, so itís a win win paying one off in my eyes. Lol
Old    Steven Pederson (sppeders)      Join Date: Jul 2011       01-15-2018, 7:12 AM Reply   
Quote:
Originally Posted by onetogofast View Post
I caught myself thinking of upgrading more when I was making a boat payment. Now itís paid off I seem to not be worried about replacing it, so itís a win win paying one off in my eyes. Lol
Same here, first boat was on payments... thought it was only a 3 year boat but once paid off i kept for 10 years. 2nd boat i have no intent of ever selling it.

I also made a pact with myself to never talk to a banker again. Kind of kills the urge to get some debt.
Old     (dakota4ce)      Join Date: Oct 2015       01-15-2018, 8:23 AM Reply   
Quote:
Originally Posted by sppeders View Post
Same here, first boat was on payments... thought it was only a 3 year boat but once paid off i kept for 10 years. 2nd boat i have no intent of ever selling it.



I also made a pact with myself to never talk to a banker again. Kind of kills the urge to get some debt.


Right on! Great plan.

Kind of like not even looking at the cookies at the store, suddenly the cravings go away if you never see one.
Old    Ryan Radden (Wagonhound)      Join Date: Aug 2015       Today, 9:34 AM Reply   
I have joint ownership on my 08 RZ2 with my sister and we paid it off in just under 2 years. I can't believe that it is quite common for boat owner to carry 20-30 year terms on a boat!
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Old    Andy Graham (ottog1979)      Join Date: Apr 2007       Today, 12:10 PM Reply   
^^ The "cookies" isn't the banker, it's the new boats at the boat store.
Old     (dakota4ce)      Join Date: Oct 2015       Today, 12:58 PM Reply   
Quote:
Originally Posted by ottog1979 View Post
^^ The "cookies" isn't the banker, it's the new boats at the boat store.


Exactly.

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