Pontoon Prices
Posted: Thu Jan 28, 2010 12:46 pm
So is it just me, or have prices on toon's gone up. I know the economy is "not so good" to say the least, but if you look at the whole boat thing from the following point of view, I can see how the values would go up.
Say the average toon owner ( that has a toon of less than 5 years old ) is paying roughly $200 / month for the boat. This would include payment, insurance, storage etc. Then you add to that, maybe another $50 - $100 in fuel, per month used, so 5 months, for most of us.
When you really think about it, this is cheap, and good family entertainment. I know for a fact that the wife and I, before purchasing the boat, would go out to dinner at least once a weekend, sometimes even twice. We would typically spend about $50 per meal, which would include drinks.
That is $200 a month, if you only go once a week. There's you boat payment. That's for only 2 people. What if you have a family of 4 to take out once a week. You wuold probably spend anywhere form $60 - $75 per outing. To add to this, you get the piece of mind that you are purchasing something, that usually will not drop in value, faster than you are paying on it, like a car does.
Hence the reason you can get a longer loan period, with just a good of rates on a boat.
So what brought this all up is I was bored at work today, and I decided to see how much of a HIT I had taken with our boat, in the actual 9 months that we have owned it. I really haven't put much money into the boat itself, but have done some major cleaning, and waxing the trailer, toons, etc. to make sure she is going to last. After looking up the BOOK value of the boat, motor, and trailer on NADA, I come up with a value near $17,000
Now, I'm not sure if I could actually get this out of it, IF I ever decided to sell it, but the principal here is, that is a substantial amount more than what I paid for it last year.
Am I wrong to think that I may be sitting on a relatively good "investment" here ????
I don't plan one bit on selling any time soon, so it really doesn't matter, but it's the piece of mind that comes with knowing that we ( the wife and I ) made a smart buy. The boat seems to be rock solid, and doesn't have an ounce of wood on it ( alluminum decking, fiberglass seats, etc ) so it should last quite a long time.
I just want your ( the more professional or seasoned owners ) points of view.
Say the average toon owner ( that has a toon of less than 5 years old ) is paying roughly $200 / month for the boat. This would include payment, insurance, storage etc. Then you add to that, maybe another $50 - $100 in fuel, per month used, so 5 months, for most of us.
When you really think about it, this is cheap, and good family entertainment. I know for a fact that the wife and I, before purchasing the boat, would go out to dinner at least once a weekend, sometimes even twice. We would typically spend about $50 per meal, which would include drinks.
So what brought this all up is I was bored at work today, and I decided to see how much of a HIT I had taken with our boat, in the actual 9 months that we have owned it. I really haven't put much money into the boat itself, but have done some major cleaning, and waxing the trailer, toons, etc. to make sure she is going to last. After looking up the BOOK value of the boat, motor, and trailer on NADA, I come up with a value near $17,000
Am I wrong to think that I may be sitting on a relatively good "investment" here ????
I don't plan one bit on selling any time soon, so it really doesn't matter, but it's the piece of mind that comes with knowing that we ( the wife and I ) made a smart buy. The boat seems to be rock solid, and doesn't have an ounce of wood on it ( alluminum decking, fiberglass seats, etc ) so it should last quite a long time.
I just want your ( the more professional or seasoned owners ) points of view.