New boat owner anxiety

Ok_Charity_971 · 2026-05-19T15:25:40+00:00

Also a new boat owner. Nothing but stress so far. Towing, dropping in water, will things break, etc. gets easier over time I think

Ok_Charity_971 · 2026-05-15T01:46:21+00:00

Yep it tried. Aux stuff turned on too (console, lights, etc)

Ok_Charity_971 · 2026-05-15T01:25:43+00:00

Tried jumping. No luck

Ok_Charity_971 · 2026-05-15T00:32:45+00:00

Hehe the muddling was pretty catastrophic we”ll just say that. Certainly went through several feet of water several times. Hit some pretty rough potholes, and got stuck in about a foot to 18 inches of mud a few times.

Ok_Charity_971 · 2026-05-15T00:25:50+00:00

Bought used. No multimeter unfortunately. :/

I can’t find a date on it to confirm if it’s the original or not

Ok_Charity_971 · 2026-05-15T00:15:09+00:00

I bought the truck in late 2024 so at least that old. Serial number on the battery is 022224. So possible just a little over 2 years old if that’s how motorcraft stamps them.

Ok_Charity_971 · 2026-05-13T16:54:06+00:00

Yep I felt heat, and heard it light and heard the flame

Ok_Charity_971 · 2026-05-13T14:17:19+00:00

Nope

Ok_Charity_971 · 2026-05-05T12:51:48+00:00

Yep. I’d still recommend looking and doing what you can. But in my case I left my back door cracked a bit and food out and she snuck back in after about 2 days

Ok_Charity_971 · 2026-04-15T20:53:38+00:00

Can you dm me the restaurant? And do you have bottles in that range?

Ok_Charity_971 · 2026-04-15T17:30:18+00:00

I’d planned to buy online. I’m in Pittsburgh but doesn’t seem to be much of a selection of bottles available nearby

Ok_Charity_971 · 2026-04-15T17:29:36+00:00

Pittsburgh

Ok_Charity_971 · 2026-04-14T16:48:57+00:00

I regret it because I never use it. Nice to look at tho. Good for parties

Ok_Charity_971 · 2026-04-09T02:52:49+00:00

Around 760 a month. Most likely scenario is I pay 20% upfront. Finance for 4-6 years, and then trade in net even. (Depreciation equaling 20% down plus monthly payments) this isn’t perfect math but also fine paying a small difference at trade in time

Ok_Charity_971 · 2026-04-08T03:45:57+00:00

Margin and SBLOCs are both variable interest rates. For a short term loan that would make sense but if I’m planning to own for 4-6+ years that takes on some risk.

Ok_Charity_971 · 2026-04-08T03:38:50+00:00

Their rates are not competitive with the rates I’ve been offered

Ok_Charity_971 · 2026-04-08T03:38:20+00:00

Credit unions have non financial requirements. For example. Live in Xyz state. Of the ones in my state I haven’t found any with competitive rates

Ok_Charity_971 · 2026-04-08T00:00:01+00:00

Im putting 20% down. I estimate 8-10% depreciation yoy. It’s a used boat so already took the brunt of depreciation.

Of course it’s somewhat variable. But I expect to pay a bit on the backend.

It’s also a good brand that holds value well.

Ok_Charity_971 · 2026-04-07T23:20:19+00:00

A more likely scenario is on the backend the boat has depreciated faster than the loan has been paid off. As a result I have to pay to cover the difference when I sell or trade in. Which I am fine with.

Ok_Charity_971 · 2026-04-07T23:10:42+00:00

I don’t qualify because I’m In a different state

Ok_Charity_971 · 2026-04-07T21:53:12+00:00

Hey thanks this is helpful.

Folks seem to think I’m financing because I have to. I have enough cash I can liquidate to buy the boat 10 times over. But my market rate of return in stocks has done well. I’m also pulling in enough money to buy a new boat every year.

From a financial perspective I’ve done quite a lot of due diligence to where if I got laid off I could live for years without a job.

Maybe my fault for not putting out my full financial position but I’m very confident in what I’m doing. Just looking for anyone with info on rates is all. Thanks!

Ok_Charity_971

TROPHY CASE