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  1. #1
    Join Date
    Jan 2013
    Location
    North Dakota
    Posts
    147

    Default Who are these kids?!?!

    Why is it that every time I watch a wakeboard/surfing clip on YouTube it's these kids cruising in a 100K Mastercraft! Who are these kids that can pull that off?

    It physically pains me to say this, but...When I was there age, we had my dadís 18ft Crestliner and my soon to be engineering buddies decided nothing could possibly go wrong if we use a 10ft aluminum fence post as a boom and secure it with a series of eye bolt's and ratchet straps!

    I later found out the hard way they were wrong. But, Iíll save that story for another day...
    2013 Mobius LSV
    2004 Centurion T5

  2. #2
    Join Date
    Jun 2007
    Location
    Calgary Alta Canada
    Posts
    886

    Default

    These kids you speak of are the MANY privelaged kids you often see at the lake,hanging out ,in front of the fancy houses/cottages. They are many ,no matter where you go. Unfortunetely very few of these kids have a real respect or appreciation for what they have or get to use and often abuse.
    I grew up feelling pretty lucky my family had a boat, although never anything fancy ,but who cares,it was what myself ,my family and many friends learned to ski, wakeboard,tube, barefoot etc behind and i know i am forever gratefull to my dad in particular . He taught me it was a toy ,but one to be respected and not taken advantage of. He taught me to be carefull ,waterwise etc,yet to have fun. I learned by following the rules ,regulations etc and wa rewarded in the fact i've been using our boats ,unsupervised,yet safely since i was about 12,BEFORE boat licencing.

    I now am the owner of my own boat and now DAD loves to come out on MY boat. Which he LOVES to drive.
    What comes around goes around. Hopefully, these kids you see will end up the same.
    Got a little off topic, yeah i wish we had a fancier,faster boat back in th day. WHO knows maybe ,i'd be a semiretired WATERSKI pro now,but oh well. WE did and still are having fun and now my kids are enjoying Boating as well. Just not behind 100k....
    07 Outback DD

  3. #3
    Join Date
    Jul 2012
    Location
    Cumming Ga
    Posts
    302

    Default

    I dont typically see younger kids driving these boats on our lake. I generally see guys in their 20's and 30's driving them. I know that when I was in my early 20's there is no way that I could have afforded the boat I have now. I really think it comes down to the loans that banks are letting fly these days. You can finance a boat for 15 years, maybe some of you on here are doing this but not me. I make sure that I can pay off my toys as soon as possible. I don't like having debt for something that may or may not get used.

    Ok all that being said if banks were not granting loans for 15 years and people were not able to afford these boats do you really think the boats would be as good as they are. The boat manufacturers need money for R&D of new products, that means they need to make the expensive boats some how affordable.

    I don't think that no matter how high the quality of the products in the boat and how cool some of the stuff is that there is a justifiable price point of 100k+. There are engineering costs and other things but really..........? I feel like I have a boat that is really good now for the money. I dont see how another 50k would make it any better.

  4. #4
    Join Date
    Nov 2010
    Location
    Katy, TX
    Posts
    4,126

    Default

    I did a 6 year note on my current boat and may do a 15 on the next. The way I see it is I will have a sizable down payment due to being able to sell my current boat which will be paid off, so out of the gate if I buy brand new (unlikely) I will already NOT be upside down. Then I just keep my payments low to free up money for other things that may come up and then pay extra when I can or feel like it. In any case if a major life event were to happen that I need to offload some liabilities I should be able to sell and come out with a little cash in my pocket due to the size of the down payment.
    David

    2008 Mobius LSV, Gravity III , Wake Plate, Z5, Exile SX65c's, Exile XM9s, Exile XI12D, Exile Harpoon, Exile SM600.1 , Exile Xi800.4.

  5. #5
    Join Date
    Jan 2008
    Location
    Tallahassee, FL
    Posts
    11,183

    Default

    Not the worst plan in the world. I paid cash for every boat I had before and kind of worked my way up to my first Moomba. But, I'm getting older and my kids are young now. I wanted it now so I financed some of it. Then I sold it and bought a new LSV-- financed a little more of this one. Still never going to be upside down in a boat though.
    My Mom said I'm not allowed to get wet!
    2008 LSV
    2000 Outback LS (sold)
    Exile Tunes
    PWI
    LLTR!!!!!!!!



  6. #6
    Join Date
    May 2009
    Location
    Carlton Oregon
    Posts
    5,989

    Default

    Quote Originally Posted by kaneboats View Post
    Not the worst plan in the world. I paid cash for every boat I had before and kind of worked my way up to my first Moomba. But, I'm getting older and my kids are young now. I wanted it now so I financed some of it. Then I sold it and bought a new LSV-- financed a little more of this one. Still never going to be upside down in a boat though.
    I think that's the best way to do it. The only 2 things we have financed that can put us in a bind is the house, because frankly i didn't have 200K laying around LOL. I did have my down payment and such.

    Claudia's VW Passat TDI because its a Lease, no point in big down payments or over payments.

    My truck as been a long string, i had the 06 F150 paid off in 3 years, traded it for the Black F350 Diesel. Paid 50% down. Then traded it a year later for the new rig and put 30% Down. I owe apx 10G less then its low value on trade in due to making slightly larger monthly payments then needed.

    08 LSV i got for roughly 10G under sticker and put 5% down, made payments and kept it in the green. Sold it for enough to put 7% down on the new boat, plus the 15K down payment. Now the Mojo is very in the green and i really only plan to keep her for 4 years before i trade for the big kahuna super blinged out boat. That boat will be a long term boat as ill be in my mid 40s and plan to have some youngins.

    In short i don't think it matters if you can pay it all in cash, make payments, or how ever you do it. Just keep the item worth more then you owe so you don't loose on it if you have to sell for some reason. People get into these discussions about paying interest, helping banks, helping the government, and what not.

    You only Live Once, enjoy your life how ever you can. Don't be 70 and look back thinking man, if i would have taken a 15 year loan over a 6 year, i could have had my dream boat. Be the guy who is 70 and looks back at all the memories you had on those awesome days off.
    Malo <--- Means--Evil or Mean One. This explains a lot.
    2013 Mojo 2.5 Skylon Tower. Bestia < Beast >
    Exile ZLD
    6 SX65M Cabins
    6 XM9 Towers
    1 XI Big 15 Woofer in a custom Fiberglass box
    1 XI 1K Harpoon
    2 XI 800.4
    1 XI 2500.1
    2 Interstate 2400U 6V Golf Cart Batterties
    Custom 1 Off Evolution Cover

  7. #7
    Join Date
    Nov 2010
    Location
    Katy, TX
    Posts
    4,126

    Default Who are these kids?!?!

    I see why you don't post on the supra forum much dusty!

    Last year I posted the pictures from the Texas jam on the supra forum and it didn't take long for the hate to begin towards young people owning newer boats. I guess that's what you get on a forum where 80% of the members are 40+ and rocking boats made in the 80s...sorry Mike! Lol


    Sent from my iPhone
    David

    2008 Mobius LSV, Gravity III , Wake Plate, Z5, Exile SX65c's, Exile XM9s, Exile XI12D, Exile Harpoon, Exile SM600.1 , Exile Xi800.4.

  8. #8
    Join Date
    Nov 2010
    Location
    Katy, TX
    Posts
    4,126

    Default Who are these kids?!?!

    Also you have to remember those young people working in the oil and gas field up there. I have buddy from Canada who runs a cement crew on land and has been doing it for 5 years now. I don't know exactly what he makes but it's got to be close to 150,000 a year I so and he's only 25


    Sent from my iPhone
    David

    2008 Mobius LSV, Gravity III , Wake Plate, Z5, Exile SX65c's, Exile XM9s, Exile XI12D, Exile Harpoon, Exile SM600.1 , Exile Xi800.4.

  9. #9
    Join Date
    Nov 2010
    Location
    Katy, TX
    Posts
    4,126

    Default Who are these kids?!?!

    If its a toy, regardless of being able to write a check for it or not, you do not need it


    Sent from my iPhone
    David

    2008 Mobius LSV, Gravity III , Wake Plate, Z5, Exile SX65c's, Exile XM9s, Exile XI12D, Exile Harpoon, Exile SM600.1 , Exile Xi800.4.

  10. #10
    Join Date
    Mar 2011
    Location
    Belton, Texas
    Posts
    2,571

    Default Who are these kids?!?!

    Quote Originally Posted by rdlangston13 View Post
    If its a toy, regardless of being able to write a check for it or not, you do not need it


    Sent from my iPhone
    touchť sir


    sent from my home phone
    Jason

    Go Hard or Go Home.......it's MOOMBA time!!

    2009 Moomba Mobius LSV

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