PAID.IN.FULL. WooHoo!!!
Moderators: Redneck_Randy, badmoonrising, lakerunner
PAID.IN.FULL. WooHoo!!!
Back when I bought my new boat in September of 2017, it was basically an impulse purchase, so I didn't have cash laying around. Instead I financed it for 12 years, but told myself I'd pay extra each month and pay it off quicker.
So for the last 2 1/2 years I've been paying about $20 extra each month. Clearly that's not a great formula to pay it off that much quicker, so since today is the day I make my normal monthly payment, I decided to just call the lender and get the payoff. I took advantage of some great run ups in the stock market in the last few weeks, did a little profit taking, and used the money to pay it off in full!
So for the last 2 1/2 years I've been paying about $20 extra each month. Clearly that's not a great formula to pay it off that much quicker, so since today is the day I make my normal monthly payment, I decided to just call the lender and get the payoff. I took advantage of some great run ups in the stock market in the last few weeks, did a little profit taking, and used the money to pay it off in full!
Steve
"Serendipity" - 2017 Sweetwater 2286 WB Tritoon w/ 150HP Yamaha
Slipped at Lake Anna, Virginia
Primary Residence: Richmond, Virgina
Lake House: Lake Anna, Virginia
"Serendipity" - 2017 Sweetwater 2286 WB Tritoon w/ 150HP Yamaha
Slipped at Lake Anna, Virginia
Primary Residence: Richmond, Virgina
Lake House: Lake Anna, Virginia
Re: PAID.IN.FULL. WooHoo!!!
That is waaay cool - congrats! That just has to feel great!
I run my ancient tub of a pontoon because I believe in zero debt and I do not have the cash for a newer one. We boat year 'round generally several times per week, so a shiny new (or newer) boat would be more than nice.
At this point in my life, I just couldn't stand the thought of payments on a pontoon boat. We are in the design stage of adding another bedroom and bathroom in our walkout basement - and that will be paid with cash.
I run my ancient tub of a pontoon because I believe in zero debt and I do not have the cash for a newer one. We boat year 'round generally several times per week, so a shiny new (or newer) boat would be more than nice.
At this point in my life, I just couldn't stand the thought of payments on a pontoon boat. We are in the design stage of adding another bedroom and bathroom in our walkout basement - and that will be paid with cash.
Big and ugly but we love our 1999/2000 Crest II DL with a Yamaha F115
Re: PAID.IN.FULL. WooHoo!!!
Stay tuned in two weeks for the "New tritoon woo hoo!" thread.
2019 G3 SunCatcher V322 SS tritoon, Yamaha F200
2019 F-150 XLT SuperCrew FX4, 3.5L EcoBoost Max Trailer Tow Package
2019 F-150 XLT SuperCrew FX4, 3.5L EcoBoost Max Trailer Tow Package
Re: PAID.IN.FULL. WooHoo!!!
Not likely, but certainly not impossible.
Steve
"Serendipity" - 2017 Sweetwater 2286 WB Tritoon w/ 150HP Yamaha
Slipped at Lake Anna, Virginia
Primary Residence: Richmond, Virgina
Lake House: Lake Anna, Virginia
"Serendipity" - 2017 Sweetwater 2286 WB Tritoon w/ 150HP Yamaha
Slipped at Lake Anna, Virginia
Primary Residence: Richmond, Virgina
Lake House: Lake Anna, Virginia
Re: PAID.IN.FULL. WooHoo!!!
I've found that when I pay something off, it totally screws up my budget if I don't replace the payment with something else.
2019 G3 SunCatcher V322 SS tritoon, Yamaha F200
2019 F-150 XLT SuperCrew FX4, 3.5L EcoBoost Max Trailer Tow Package
2019 F-150 XLT SuperCrew FX4, 3.5L EcoBoost Max Trailer Tow Package
- Liquid Asset
- Posts: 486
- Joined: Tue Jan 03, 2012 12:21 pm
- Location: ortonville,mi
Re: PAID.IN.FULL. WooHoo!!!
That's exactly what I was thinking lol. Seriously though congrats on paying off the boat. We got a loan with our new one but it took ten year's of getting ready. Paid off things other than the house and built a garage to store it in. The whole time we used the boat I rebuilt to establish that the whole family loves boating.
Funny thing is after all that and getting a new one I always like to see what's out there lol
2018 Tahoe ltz elite windshield powered by a 175 Mercury verado with sea legs
Rebuilt custom 20' 1983 riviera cruiser tritoon SOLD
2017 crew cab F-350 gets me to the lake !
Rebuilt custom 20' 1983 riviera cruiser tritoon SOLD
2017 crew cab F-350 gets me to the lake !
Re: PAID.IN.FULL. WooHoo!!!
Congratulations on your payoff! I'm like Marc, I like that mine is zero balance. It does everything I want so I'm pretty content. That said, there are some REALLY nice toons out there.
Paul & Michele
2003 Landau DX 24' Cruise "Loretta Jane"
2003 Mercury 75hp
My Rebuild: http://pontoonforums.com/viewtopic.php?f=16&t=26135
"Don't waste brain cells over something you can do nothing about." --My Wife
2003 Landau DX 24' Cruise "Loretta Jane"
2003 Mercury 75hp
My Rebuild: http://pontoonforums.com/viewtopic.php?f=16&t=26135
"Don't waste brain cells over something you can do nothing about." --My Wife
Re: PAID.IN.FULL. WooHoo!!!
Stop that!
Big and ugly but we love our 1999/2000 Crest II DL with a Yamaha F115
Re: PAID.IN.FULL. WooHoo!!!
HAHAHA! GET YOU ONE!!
Paul & Michele
2003 Landau DX 24' Cruise "Loretta Jane"
2003 Mercury 75hp
My Rebuild: http://pontoonforums.com/viewtopic.php?f=16&t=26135
"Don't waste brain cells over something you can do nothing about." --My Wife
2003 Landau DX 24' Cruise "Loretta Jane"
2003 Mercury 75hp
My Rebuild: http://pontoonforums.com/viewtopic.php?f=16&t=26135
"Don't waste brain cells over something you can do nothing about." --My Wife