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Boat Fishing & Boating A new forum at Striped-Bass.com for those fishing from boats and for boating in general

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Old 09-17-2002, 04:57 AM   #1
mrmacey
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was wondering

boat show in oct can you get good deals on new boats i have 20fter and ready to trade up for next year want something bigger would love a triton with dual 225s lol wife would like to see me in row boat but want to go to show see whats up never been to one pepole say thats were you make the best deals and for the experienced boat buyers when and where and how is the best way to trade up how many years should i have first boat financing facts would help i feel ill allways own a boat now and want to keep movin up till i have my dream boat but i want to keep it affordable we only live once and i love boating !!!!!
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Old 09-17-2002, 07:40 AM   #2
OliverNBPT
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Well I don't know that I would purchase new but I guess that's a preference.

Quick thoughts on financing, in my experience they will extend boat loans out much further than auto, typically 8 - 12 years, won't finance amount below $10,000, and interest rates will be somewhere comparable to those of a personal loan from a traditional lender - possibly slightly lower.

I used Foxboro Savings, I believe the guys name was Ed Rand and was very happy, took out a 10 year note at 8.9%, with no pre-pay penalty, was able to pay the loan off early and only paid about $500 total in interest

Good luck!
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Old 09-17-2002, 07:53 AM   #3
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I'd suggest you sell your current boat outright, you will get more for it than in a trade. Now is good time to sell also. If you are looking at something bigger take a look at the Scout 235 and 280 center consoles and cuddy cabins. Viking Marine will be rigging these up with twin Suzuki 140 4-strokes to make an awesome offshore machine. It will be my next boat. I just went to the Newport Boat Show this past weekend and saw both....
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Old 09-17-2002, 02:48 PM   #4
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I think the shows are a good way to see new boats, but they are not necessarily the best time to purchase a new boat.

In general, Fall is the best time to buy and Spring is the best time to sell.

If you know what you want already, then some times you can get a better finance rate or some extras at the show, but you should never feel pressured in to writing up a deal at the show. There are too many contingencies to consider: sea trial, financing, trade-in, etc.
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