HOW MUCH DO I SPEND ON A WAKEBOAT? - Wakeboat Ownership, Episode 3
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- Опубликовано: 6 янв 2020
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I'm almost positive there is nobody else out there giving honest insight on boat ownership/buying like this. Well done brother!
Thank you!
I want a lake with a beautiful shoreline trees, yards boat, docks, houses, etc., and Clearwater
Appreciate the transparency! Can you do a video on yearly ownership cost outside of gas of course. What the commitment after buying: insurance, scheduled maintenance, budgeting for non scheduled maintenance, storage fees, etc.
Great idea, on the list! Thanks.
Wake Mann, thank you so much for your detailed explanation. This helped me a lot.
You're welcome! Glad I could help.
Great way to lay it out! I know when my family decided to upgrade from the old Sea Ray to a Malibu the numbers the dealership was throwing at us were staggering. We walked away for awhile just to process the numbers we were being given. Once we decide to go with a new boat we started making decisions based on price that I feel eased our nerves but I feel hurt us over all. We ended up with a boat we liked but didn't love and ended up trading up to a new 22mxz just one year later. I wish your content on this stuff would have been available then and my personal decisions would have been slightly different. Thanks for the great content.
Thank you Brian! I was hoping it would be helpful as sometimes the salesman at dealers don't know this stuff and people can always seek out their own financing.
@@wake_mann exactly. For example I got a 4.79 privately when the dealership was at like 5.7. that savings alone sounds Minor but the savings is large. I also bought a loaded Malibu demo with 30 hours. That cut my cost by 1/3. There are tons of people full of great advice in the boating world that are willing to help. For us it was finding them which makes your site very valuable to all boaters of any level even if it's just for another perspective.
@@brianpage8304 great job! Dealers have to make money on the financing too so usually their rates are going to be higher. I bought my 2014 with 65 hours and it made it a better deal too. Thanks for commenting, it helps add info for those who watch the video.
This is a great video series 👍
Thank you! I appreciate your support.
Great video man. Well done!
Thank you William!
Yeewww! Good to see more vids on these over priced Wake boats that have tons of issues! I’m not the only one! 18 Supra SE owner....
Thanks TCR! Glad I can provide some info and entertainment.
This actually really useful info, thanks!
You're welcome!
Great insights, many thanks!
You're welcome! Thanks for the comment.
Great video! 💪🏼
Thank you Serge!
informative, good to know and great video!
Thank you!
Thanks for your knowledge!
You're welcome!
Great content. It would be interesting to see the stats on how long the average owner owns a towboat and what they sell them for and purchase next. A repository of those stats for the last 20 years would be fun to pour through. I left the sport for a few years, but was around wakeboats and owned a few from around 1999-2009. I bought a 99 VLX in the 2007 season and it is crazy to me that 13 years later, VLX's are selling for about the same (if not a little more) than what I paid. The price of new boats has produced a really robust used market. I remember when the 2004 Xstar dropped and it seems like that is when the price of new boats took a giant leap forward.
Thank you Stephen! I agree, I wish those stats were viewable somewhere. It's crazy how well these 10 to 20 year old boats sell these days.
Stephan, I realize this video is a few yrs old, but I’ve been recently looking to buy a boat with budget of $30k. That amount captures boats from 2000 to 2006 right around there.. I’ve looked at a ton of boat in that range and I find that those boats have had 3-4 owners over the 15-20 yrs…
I am very savvy about finances, but you had some great points. Thank you
Thank you! Open to any thoughts you have if you think of any.
Great videos Tim, lots of great insight! I find the wooo! hollar at the begining of many of them, startling (watching with headphones) and I don't like it. Other than that, they are all great!
Thank you Sloane! Sorry for startling you, haha.
Great video very informative!
Thank you!
Would you put ATX in the same category as AXIS and MB for depreciation?
Yes, it would be comparable to Axis as ATX is Tige's more affordable brand like Axis is Malibu's.
Great video! One thing I wished you touched on was total interest paid since to some it may be misleading seeing a payment of roughly $700 a month and a total interest payment of 51K, which after 15-20 years the boat will most likely not be worth given the advancements in the realm of boats. I'm a numbers guy as well and getting into the watersports. You get a peace of mind when buying a new boat, but the "new boat" smell wears off quickly, so I just purchased a 2002 Ski Supreme V220 with 100 hours for 15K cash. I know I was definitely at the right place and time to snag a v-drive for that much, and yea it doesn't have sacs, banging speakers, or surf tabs - but thats the fun knowing with some time cash saved it can all be installed. Good Stuff!
Thank you! Good point. They say those who understand interest earn it and those who don't pay it. I like to think of my boat payment as an investment towards my quality of life. So far the dividends have been priceless.
Great video, Lots of helpful information to take in. I'm currently running a 96 mastercraft maristar and it is a ski boat with a tower and fun to wakeboard behind but yes you are right it doesn't put out the wave like wake boats but still fun. I'm in the delima of ok I want something newer but I like having money in my bank account, I guess basically I need to stop being a cheap ass Lol. Only thing is I guess it's the weighing the ok how much do I want to spend vs how much use am I going to get out of it say do I go to lake twice a week compared to every weekend. Thanks for the video I appreciate it! 👍
Thank you! I hear ya, it's a dilemma I face more than I probably should. Good luck.
@@wake_mann Thanks, Oh yes it's always something. Actually just got back from looking at a 2010 Tige' it is super clean and 430 hrs on motor for 45,000.
Reminds me on how I look back at getting a pool
Great video 👌🏻
Thank you Harrison!
yep. Bought a 2020 Nautique GS20 for 100k exactly. My monthy is $716
Nice, thanks for the info!
I’ve been looking a lot lately. I plan on buying in a year and a half. I’ll be fairly cashed up but will likely finance the rest in order to find something under 200 hrs.
I’ve found a ton of boats in my price range for 120,000 tops and likely finance 1/3 to 1/2 of it.
I have 4 kids and the fun we have in these boats is enormous.
Thanks for the info! Great video!
You're welcome! Glad I can help.
You're better off refinancing your home and using the cash equity towards your boat loan or using it to purchase in full.. We bought a 40k boat in 2017 with no down for 10 years.. We bought our house in 2018. housing values spiked in 2020 so we had an assessment done. We refinanced at 2.75%. we now pay less per month on our home and own the boat outright.
I was looking to own a wakeboat to wakesurf more than anything. But anything over 50k was completely out of the question. A lot of banks I found only finance new boats 10 to 15 years and would only finance used boats 6 to 8 years but only 2011 or newer. Enter Heyday, I found a new 2019 WT-2DC, with trailer, nicely equipped for 45k with 8 year bow to stern warranty. So $400 a month, zero down, extremely doable.
Congrats! Yes, financing on used versus new is different. There is a tab on the essexcredit.com website for used rates and terms as well. Thank you for pointing this out though, great to have extra info and experience for people to read in the comments.
blancs 3030 have you used it yet? How do you like it
@bro dude yeah I got it last July, I got 25 hours on it so far. Wake surfing is our main thing, that it throws a nice surf wake. We are just using a suction gate to make a big wave. They have an option for surf tabs cost about 3k, but the nauticurl suction gate is about $100 and has shown to throw a better wave. You'll only miss out on transitioning when using suction gate instead of surf tabs. Only a few people have wakeboarded behind it, all novices, so we are doing good to go from wake to wake with it. We usually mellow it down with the center tab, but you can make it steep and rampy.
With the extremely low interest rates these days, its loans are worth checking out
I agree.
How bout now
@@phat-kw9oxwas just thinking this aged poorly..ha Didn’t anticipate the Biden spending spree.
@@drewjames8594 lol 15% probably on boats now with a 800 score
I could easily afford a boat payment on a 100k boat. But I liked the idea of zero payments so I got a 2008 for 40K cash.
I respect your decision. You have a strong will to fight the desires for new boats like I have, haha.
Yep! Cash only no payments! I swooped a 2014 MB F21 for $52k 3 years ago.
Same ish lol, my 2007 makes an amazing wake for what it is. But I sacrificed the bells and whistles of the modern stuff, no worries though
But take that 40k cash and throw down on 100k finance 60k and have something sick.
No
Currently shopping for a boat, do I take care of my financing first and get approved for a certain amount before I start looking or do I find a boat then start financing process? The problem is that if I finance first, I don’t want them to ding my credit if I don’t find anything until next season. If I find a boat first, it may be gone by the time I get my funds.
Hi Joel, I hear ya. Usually if you get pre-approved your score the bank pulls is good for a certain amount of time like 90 days. They won't pull your credit again in those 90 days. If you get pre-approved at one bank and then go to another for your loan you would incur another credit hit. Just be careful, hope this helps.
@@wake_mann thanks boss
You're welcome.
Just looking into wakeboarding and think it’s ridiculous people unsubscribed because you make videos with your daughter. You have a new subscriber in me!
Yea, people are weird like that sometimes. Thank you for subscribing!
How do you feel about the new Hey day boats
I'm not interested in them but I think its great that more affordable surf boats exist so more people can enjoy the sport.
Great video clips and content, it's just hard to follow when I'm playing with the volume levels.
Video Trick Tip: Match your audio levels. Your music is too loud and you voice is too quiet.
Thanks you and thanks for your input. I made this video when I just got a new mic, so was still perfecting and always am so I will tune it some more.
Wakeman! Looking for some advice! We recently went with some friends and did the whole wake surf thing and was an absolute blast! So now I’m in the market for a boat and being first time boat owners we are torn on what to go with. We are leaning heavy on a flawless 06 Malibu 21vlx 320 indmar only 8hrs on it! Crazy how new it looks! For 40k. Or go the new route with all the things that make wake surfing process easier like you said. Would it be possible to add surf gates and whatever else necessary to improve the wak for surfing on the 06? Or too much trouble? Not wanting to go over $500 a month payment either. Please help lol
Hi Samantha, wow tough call. Very rare to find an older boat with only 8 hours, makes wonder why it only has 8 hours. You would not be able to install surf gate exactly but there are after market options. I know I would rather go with something which already has the surf gates but that is me. You will be able to create a surfable wave behind the vlx with a lot of weight and a wakeshaper. That being said most people who buy something older first end up buying something newer later. Where are you located?
@@wake_mann we are in Bakersfield CA and have some Great Lakes within 1.5 hrs of us! Our neighbor owns the local dealership here in town and has completely gone through the 06 and says he’s never seen a used boat in this good of condition with this low of hrs. Maybe a sales pitch lol. But the wake surfing is very important to us and we just are looking for a way to improve it on the 06 with aftermarket parts or just go with something newer that won’t break the bank. The bank will only do 12 years on this boat with %27 down. Puts us at about $385 monthly. But we are willing to go up to $500 a month for a boat. What would you do? Being first time owners.
Knowing what I know now, I would do a Malibu 2015 or up or an Axis 2016 or up. I owned a 2007 23 LSV and I could make a fun wave but it was very short and it was a pain switch weight side to side. At a minimum you will want to add 1000 lbs of weight to the vlx and get a shaper that sticks to the side of the boat by suction cup so you can move it side to side. This way you can keep your boat evenly weighted and just switch the shaper. Either way you go im sure you will have fun.
informative. thank you
You're welcome!
Great content my man! I'm looking to purchase my first boat. My wife wants a ski boat and I want a wake-board boat. Looking to spend in the 80k range. Can you point me in a direction of a crossover boat that may fit the description. Thanks for the insight and keep up the good work.
Andrew Carroll Malibu 21VLX!! Most for 79,995! Or even the Nautique GS20 good boat for the value. The GS probably better for skiing but I think the VLX can hold more ballast. Both come with good base motors for the boats
Hope this helps!
Go with an axis boat
Axis for sure
Centurion most specifically built for wakeboarding and skiing
Going to be buying a boat around December and would like to spend between 60-70k what would you suggest as far a boats and years financing?
Hi Brooks, when going used you can only go up to 20 years if it's 2ish years old. That being said I would suggest something between 5 and 10 years for financing unless it is only 2 years old then maybe 15 years depending on the scenario. As far as boats go, I would do the best you can to get something with a surf system like surf gate. Maybe a 2017 Malibu VLX or 2016 Axis. If you have to go older then maybe 2015 VLX or 2014 23 LSV.
WAKE MANN how are the waves behind something like a 2016 Moomba mojo or supreme 238
@@brooksmaczka4150 honestly I don't know much about either of those brands. I'm sure they put out a wave nice enough to have fun though.
When getting a boat loan, what documents do they want in order to get financing? Is the process simple like buying a car or is it complex and drawn out like buying a house? I can't find anything for wake boats. I find stuff on yachts or small fishing boats. I'm buying a new 100k boat, 20k down with great credit.
Hi TJ, I actually have a video coming out in 2 weeks that covers some of the big things a lender will look and ask for. Subscribe to the channel and click the notifications bell and you will be notified right when its published.
@@wake_mann Thanks Tim!! Been watching your videos for the past year and have learned a ton. Excited to get my boat next month.
You're welcome!
For the budget people, I'm surprised you didn't mention Heyday boats. heck the top of the line WT surf model can be had for as little as 58k, and that's new with a warranty! I dont see a lot on the used market, but if you get them stripped out with no tech, the depreciation ius going to be very little just because the powertrain is name brand and the hull quality is good. Sure you don't get custom presets and rider profiles and gyroscopic auto ballast, but a 10 year old mastercraft doesn't have it either.
A good option for people new to the sport for sure.
If you look at owner forums or even heyday Facebook page, it’s absolutely nothing but people complaining about them falling apart from day 1
You have to fix the mic volume vs the rest of the video. Thanks for the honest info.
I've done better in later videos. Thx for the feedback.
$51k in interest though for your last example. That is A LOT of money. Don't forget about that. Good video though thanks for sharing.
I agree, but small price to pay for great memories now instead of when its too late.
Sorry if I missed it, did you mention who you have your boat insurance through?
No problem, I currently use State Farm. I've also used Allstate and had no complaints there.
@@wake_mann thank you for the reply. I use state farm for everything and have a quote with them but plan on shopping around to be sure
@@boardinjordan89 you're welcome and good idea. I only switched to State Farm to support a good friend who opened up a State Farm Agency.
Need some help from the wakeboarding community. I just starting wakeboarding and notice that I am applying a tremendous amount of force when I hold the rope while the boat is towing me. Am I doing something wrong ? Please help me out with some tips to do it effortless
Try to work on body posture. You shouldn't be bending at the waist at all. Bend your knees but keep your torso straight. Keep your arms straight out not flexed at the that elbow and keep handle at waist level. If you can do these things you will eliminate most of what wastes your energy while wakeboarding. Hope this helps.
@@wake_mann Thank you so much for the tip!!! I just subscribed to your channel. I really appreciate it.
👍🏻
👍
Where in the northwest are you from? I'm from Wenatchee Washington, just curious what rivers and lakes you like to surf on that are close by. The Columbia is right here but all the launches fill up fast on good days.
Hi Colton, I'm in Billings, MT. I'm usually on Bighorn Lake. I've heard the Columbia is a great place to hit. I bought my 2007 23 LSV from a town right on the Columbia.
@@wake_mann you should check out Flathead Lake near Kallispel when you get the chance. Some of the most beautiful clear water I've ever had the pleasure of riding in.
I know it well, I grew up closer to there. Beautiful lake but not great for wakeboarding as it gets rough very easy and lots of boats.
@@wake_mann thanks for theingo was pla ming a trip out there soon. Havmt been since I was a kid, but its over populated il plan on somewhere ealse.
If you hit it from June through August there will be lots of boats.
Hey man headed to a Malibu/axis dealer to look at putting a order in on a 2022, you have any advice on how to get a good deal?
Awesome! If you are doing a new order its really up to your dealer and then market. If they are a good dealer they won't screw you
@@wake_mann what % were you getting on your Malibu’s?
The last few I bought I basically got an employee discount as I was working for them. The first new malibu I bought had 65 demo hours and I was happy with what I paid vs prices on the market. I think if your dealer gives you anything below 90% of msrp in the current environment its probably a good deal.
@@wake_mann okay thanks dude, love the content looking forward to the video on what you do for a living. Also would like a video on why you live in MT when there is so many other places with a longer boating season since boating is obviously your passion
Thank you! It may be fall before I can get to that video. The short answer on why i live where I do is simply there are many things I like about MT, a big one is lack of people on the lake and another is sales tax and low cost of living.
This is great. Can’t thank you enough man. Tired of bumming rides and want my own boat. Just want to ride before I’m old
Glad I can help! I appreciate your support!
Hi Michael, I did see your comment about helping you make sure you get a great deal, but RUclips didnt like the comment for some reason so it wouldn't let me respond. So, I'm responding to your last comment. I would be open to helping you make sure you get a good deal. You can start by going to the "About" page on my channel and send an email to me using the email address listed. We can continue the conversation via email. Thanks.
WAKE MANN thank you man! Closing on a house this week and my time frame for
A boat is about 3-6 months
WAKE MANN I don’t see your email on there. My email is mclements36@gmail.com if you can send me a email. Thank you!
@@MoneyMikeeee you're welcome, congrats on your new house or house sale whichever it is!
mmmm direct drive yes! my favorite
Love the content as it’ll help me finance a wakeboard boat later in the future. My question is Who would you go to finance a boat? The dealer? I’m aiming towards a 20 year loan as i do want a new one.
In my case the dealer was able to get half a point lower from the same bank I was using to begin with
Thank you Andrew! The last 3 boats I've financed with essexcredit.com or Bankof the West, but I always check around for rates and terms to see what's best. 1 thing I don't like about Bank of the West is they don't let you swap collateral and on one of my boats I financed less for the new boat than the one I was selling so it would've been nice if they could've just swapped it rather than going through the entire loan application process again.
TMBC WAKE I appreciate it! Loving your 24mxz btw. Still looking at my options on what Wakeboat i would like to buy
@@andrewsrey1771 you're welcome! Luck be with you.
Spending over or near 100k and having top tier credit you can shop your own rate. We put two credit unions against each other and both offered us rates much lower than their advertised lowest rates. When you have good credit and want to finance something big you can always negotiate.
Im gonna be a senior in high school the thing that always goes around my brain is if I want to start a business or be a worker for someone I look at the things I want in life a wakeboat is one of them I’ve looked at sum of the numbers If I take on a career as a ag pilot I would be able to afford it later one in my 30-40 once my experience flying gains me more hours flying on the job which would pay me more. The problems with that is I would be pretty old by then and life is expensive so how knows if I’d be able to afford it by then I’ve looked into starting a landscaping business talked to a couple business to give me insight in it but my question for u wake man is what do u work man is what would u do different if u could go back or if u were in my shoes. Anyone else is welcome to give me advice I take as much as I can get.
Dont limit yourself to 1 income stream. I've got 3 currently. I own a duplex I rent out, have my day job as an Implementations Analyst, and now RUclips. I wouldn't change much if I went back in time but college really helped me excel. I always though I might make a good engineer of some sort which would make more than I do at my day job. Just do a great job at whatever you do and your work will speak for itself and take you places.
Go to school in the medical field, a nurse after four years of school can make anywhere from 50-70k a year, better yet look into CRNA or PA (physician assistant) six years of school, you’ll be done by the time your 24 years old and make 120k or more per year! This is what I wish I would have done straight out of high school. Plus you can get a job in the medical field anywhere you want! Hospitals always need people
559 Moto-
You have a lot going on in this post. I suggest ask yourself what your passion really is. Is it Motto? Trust me you’ll be happier if you focus on your true passion.
Take a second job and work your ass off. With focus and any luck you’ll be able to save $10k in one season. Pay cash for your toy and if it’s a boat it’ll have to be an older ski boat. Weigh it down with ballast bags and put a wedge on it. Put your friends in the middle of the lake on a floating pad and make runs past them. You’ll have a ton of fun.
I would suggest you don’t take on any major loans (if you can even get them) until you know what your passion is and you’re pretty well established like this gentleman is. Good luck and I wish you success.
Would love to know why you seem to throw shade on MB Boats. Every one I've ever been on (except maybe the early 2000's when everyone's boats weren't all that great) has been a quality product. MUCH higher quality than Axis. But, being from California, they tend to hold higher value here.
Hi Eric, sorry, I did not intend to cast shade on MB. I was merely using axis as an example because I know the date they arrived off the top of my head. I was only trying to point out you should be cautious about taking a 15 or 20 year loan on those brands which have not been around long enough to prove their value lasts longer.
I’m kind of in a dilemma on this. My parents have a older wake setter that does the job and I have 4 friends that all have fairly new wake boats as well. Issue I struggle with I have 3 kids and can get crowded on 1 boat and I just want my own stuff. Always wanted one going back and fourth on what to do
I hear ya. I think your dilemma us the same as most who start to love the sport. You start to think: It would be great to have my own boat so I can go on my schedule or bring different/more people and have more room. This is exactly what made me buy my first boat.
@@wake_mann very true I would be good with like a 10-13 wake setter I don’t need the 200k gig lol
nice job
Thank you!
Who do you use for financing?
Currently I use private financing but prior to this I was using Bank of the West/Essex Credit.
$440,000 for a Tige.
You've got the money.
So, what?
How much do you think it costs to operate your boat per an hour you spend on it. Including depreciation
That is a great question and there are so many variables that I don't know if I can come up with a number, but I think it might be a great idea for a video so I will put it on my list.
WAKE MANN can’t wait to see the video.
@@wake_mann Thank you so much for making the video. Sucks it did not get lots of views.
@@john-zf1yb thank you, most views out of all my videos so far so I'm happy with it.
The best way to do it is have a friend with a boat and Venmo them some gas money.... heck, buy em lunch! Lol. Definitely ideal. I want to retire broskie.
If all you want to do is get out every once in a while, I agree. If you want yo get out as much as possible and put 100+ hours on a boat, this method won't work very well.
Very true. Nice video.
Paying 7% interest on a 100K boat would be very unwise. That's something poor people do. You are never going to win with your finances doing something like that. Personally for me, I would first make sure whatever I was financing was such that I would never be upside down on the boat. Then realize that something like this is a very low priority and make sure you have your emergency fund, retirement set up, no credit card debt and college fund if applicable.
I agree with your financial point, but let me tell you a story a wise man once told me: There was once a farmer who was offered 100 grand for every mile he ran away from his house. The catch was- he had to be back before the sun set. Off he went, sprinting his fastest so he could win the most amount of money possible. He ran for miles, and figured he would soon have to turn back around. Exhausted, he figured he made at least a million. "Last few steps..." He eventually turned around and made it all the way back home just in the nick of time!!........Then he had a heart attack and died. My friend, that day represents our life, people who worry about making/saving money until they're old are the farmer. Live and do what you love to do because when you're old... or dead... it will be too late, and you will regret not paying the 7%. Do what you can while you can. And the truth - there are people in this world who are rich yet have nothing.
Would you say a moomba would be a safe finance or would a used malibu be better
Used Malibu in my opinion. Try looking for a 20 year old Malibu and a 20 year old moomba on boattrader for comparison.
Get an axis this mad house of a wake boat bubble won’t last forever
@@jackmcg8310 Axis is known for best cost to performance ratio.
Hey wake man! I have been wanting to start a company at my local lake where I take people
Wakeboarding and surfing. Do you think this business could be profitable
Absolutely! I have a friend who does that here in Billings, MT and he has been quite successful. I would look at it as a side gig at first though, may take a few seasons before it gets big enough to serve as your main income, good luck!
@@wake_mann thanks for your input. It would be a side gig for me to start. I have pretty steady work already. But it’s my dream to get on a lake boat myself and help others as well
You're welcome
Wakeboard boats are way over priced for what they are. 100k for a wakeboard boat is a stripped down baseline model or a older used model.
Would definitely be nice if they were priced lower.
@@wake_mann yeah thats why i dont own one. My cousin is a pro rider for hyperlite and he rides cable because his parent's couldnt afford to spend that kind of money on a boat. I feel thats why cable wakeboarding has became so big. For the price of a good wakeboard boat you could get a bad ass power boat like nor tech or dcb. And run 100mph plus. Or u can go 22 a circle all day lol.
@@wake_mann for sure
Some people spend $1,000s eating out monthly. It's just just about where you want to spend your money. Take a family of 4 eating out csn easily cost you $100 vs $40 eating at-home. Or they go buy these monster trucks to tow 25klbs. Yet only need a light duty truck to tow their boat.
I agree, sometimes just managing your expenses well can allow you to afford some of the things you want to be able to do.
I just got a 2001 Mastercraft x30 750 hours for $25k. Has 1200lbs of ballast in it already. Has some gauges issues (getting fixed for $750) also has some cosmetic issues in the gel coat gonna be doing the repair myself. But ya boats aren't cheap.... Bust Out Another Thousand lol.
@@jflowers090 congrats!
Wake boat for $100K .
Buy a very nice wake boat in December for $15K
You would be hard pressed to find such a deal right now. Covud has caused a huge inventory deficiency.
Many people that finance for 20 years change boats every single year. They basically transfer their down payment and equity into the new boat. More like renting than owning.
I’m in commission sales so a large part of my income comes from yearly commission checks. We went with a 15 year loan on our 2013 wakeboat that I will pay off in a couple years with each yearly commission check. In the meantime, the payments are super affordable.
I agree Eric, this is why I like 20 year loan as I upgrade often and I always have good equity and pay more towards payment on a normal basis. People who only put the minimum down and pay minimum monthly payments should not go for a 20 year loan.
Buy a fuckin heyday and be done! Then keep the extra money
600 a month, so you will be paying for 16 years. Rather buy a older one, cash
To each their own, my friend. I don't think either way is wrong.
True!
Too much. Wakeboats ate going for too much. $300,000 for a boat and they can't even put on events or pay athletes. They just let them borrow demo boats.
100k boat for $600/month with a 50 k down payment
This is with $10k down
BUT you pay 51k in interest on 20 year loan bro.
You are certainly correct, if you pay the loan for 20 years.
Why sound suxx?
Still perfecting my sound levels, I'm far from an expert filler and editor.
If you can finance a boat with a low Apr under 5% why pay cash when I can invest that same money and get a return of 10%. Use the banks money for almost free. Just my opinion.
Fully with you on this
I started selling drugs so I can buy one my buddies got rolls from it I just want wakeboard boat I’m not a bit*^
Before I bought my first brand new wake boat I thought it was far out of my reach, I worked my way to it after. If you want something bad enough you will figure out how to get it, legally
Great content! But do me a favor and maybe consider equalizing the volume of the intro with the rest of the video. I can only watch boat videos when my wife is asleep and the loud intro almost woke her up :/
Thanks!!
Thank you! I have updated the volumes in the last year's videos. I suggest headphones if you are trying to be quiet while watching.
@@wake_mann You're probably right 😅
Oh my goodness this is awful advice, do not go into debt for a boat. You know what boat stands for? Bust Out Another Thousand lol
Michael Coffey explain why
If you need a loan for 100k boat.
You can't afford it
I disagree