Do you own your boat outright or still owe?

[GMT]

Own for me. Only way I would have a boat.

[geobass]

I own everything I have. House, truck, car....everything.

[Trusty Rusty]

I own the most important things . Camp and boat .

[woppercatcher]

2018 Skeeter that will be paid off in two years. Didn't want to use a lot of my cash when I can use cheap bank money

[Hogbus]

Own both of mine but will owe some on next rig to avoid 30% plus income tax on Ira withdrawal.

[foxone]

Own mine

[Chainslinger1959]

Speaking of echo chambers...

About 3 years ago I sold my old boat and bought a bare-bones 10-year old basscat pantera classic in mint condition after having looked for the right boat for several years. My old boat plus some savings paid about 2/3, and I borrowed the rest including some money set aside for new electronics and a new trolling motor. I took a small 4-year loan and paid it off in full in about 2 years--I took the longer loan so payments every month would be small, with the intention of putting a few big payments into it (end of year bonus, $ from some side-work I do, etc). Im proud of what I did and how I did it and I dont think it was irresponsible or shortsighted. The interest I paid was inconsequential, and had I had cash in hand and the purchase price of the boat was that much more...I would have paid it anyway. Whether its intentional or not people in general on this site seem to look down their noses at those of us who cant afford a boat outright or who take on a loan on a boat, so it's no wonder nearly all the people who respond paid in cash. It also seems those who have paid in cash are extra proud of how responsible they are and are more willing to respond in general. I cant say I would personally be comfortable with a big loan on a new boat, but it doesnt seem quite so black and white as some would have me believe, and it's not for me to decide others priorities or risk appetite. Given this, the question as asked seems guaranteed to get skewed answers. If you really want to know try an anonymous poll, I think that would get you closer to the truth.

If all people who buy bassboats pay cash why do I see so many used boats with ridiculous priceing. Duh they are way upside down craigslist is full of them so is BBC and other forums. So pardon me if I don’t believe people who say they pay cash for everything.
Not to mention 95% of new cars are financed lol.
J D

[Clif]

I own mine now but to be honest; I did finance it. Didn't want to use up all my available cash in case something went bad around home. So, I financed for 7 years and paid it off early.

[scottdr1]

Own both of mine from day one !!!

[Jamie]

I pay for mine with tournament winnings so really everybody else is buying mine.

I will owe on a new Vexus as soon as they release their next rig and again will let all of your guys that think you can fish pay for that one as well.

[turfy49431]

Own

[NAMVET1968]

I pay for mine with tournament winnings so really everybody else is buying mine.

I will owe on a new Vexus as soon as they release their next rig and again will let all of your guys that think you can fish pay for that one as well.

[Nova Kaw 650]

Financed my boat on my credit line at 3%. Paid it off over a couple of years.
If the vast number of BBC cash paying brethren that buy new boats and trucks every 2-4 years are being honest, there are A LOT of people earning 6 figures + on this site.

[Ed R]

We own everything.. BUT,we have never paid cash for any large item.. My wife and I have worked hard and played hard. Bought a house, put two kids through college, bought and sold more cars, trucks, boats than I can remember. It's a journey, and we are on the down hillside. Debt free for the last 8-10 years. We don't owe anyone a single penny, well, the taxman. After forty seven years of marriage, HARD times and good time it is as it should be.

[Ed R]

.

[Bruce2]

I own my house both trucks and 2 champion boats.

[vegadude]

2015 Nitro Z8, 250 pro xs, 8ft blades, 112 fortrex. Own! No payments for this guy after years of following Dave Ramsey! Cash is king!!! Home, wife’s van, my truck, and my new used boat all mine. Don’t owe anyone a dime at 48 years young!

[WVBullet]

Owned it from day one. The BBC way! 15 acres, 3 trucks, 2 houses, a barn, boat and a partridge in a pair tree...all owned.

[samwise2u]

still owe

[Flippin 416]

I pay for mine with tournament winnings so really everybody else is buying mine.

I will owe on a new Vexus as soon as they release their next rig and again will let all of your guys that think you can fish pay for that one as well.

Modesty is not your strong suit!!!