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 Financing/lender??? Long-term? 
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Thu Jan 19, 2017 2:06 pm
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Thu Jan 19, 2017 2:14 pm
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Thu Jan 19, 2017 2:48 pm
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Thu Jan 19, 2017 4:13 pm
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Post Re: Financing/lender??? Long-term?
I know that when I sell this house in a yr or two, I am using the equity to build the next one on the farm, even if it is only finished on the outside. I built a cabin out there using a shipping container 6 yrs ago, drilled a new water well 4 yrs ago and put in a 21kw propane generator 3yrs ago. I have solar panels on the hay barn that will just about power the entire setup. I will build a new shop and cover it with panels and I hopefully will never need to be on the grid.

I will not finance anything else at my age, I want to enjoy my retirement. Well, maybe a small class B motor coach if the interest is in my favor.

The only downside I see to a Trump administration is that cheap money is going to dry up, people go back to work, businesses thrive, interest is sure to head back up on both sides, savings and borrowing.

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Thu Jan 19, 2017 4:42 pm
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Thu Jan 19, 2017 5:08 pm
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Post Re: Financing/lender??? Long-term?
Got to pay double on zero% stuff they rape you if you don't payoff In time. I will give you an example of why financing is good, today litterly 4 hours ago I had an accepted offer for the 3.5 acres of land next to the 4 I bought 5 months ago. If I spent my cash on a boat I would have had a tough time coming up with the 3,300 per acre for the land I purchased. Well I bought the land outright and it appraised for 8,600 an acre, this goes a long ways when you are building a house and you're wife does not work so she can stay home to take care of an autistic child ( she's and RN so that's a lot of money left off the table). If I would have paid the full 20k for my boat I wouldn't have been able to swing the land without "my buffer" $7,500 for emergencies. This is a prime example Why financing in my case isn't a bad idea. We have gotten way off track from the first comment, and that dude is bat shit crazy if he wants to Finnance 10k for 10 years! I think we can all agree to disagree that financing responsible, unlike that original poster, isn't always a bad thing. If you can't afford the low 3.5% or pay off if something happens then you dont need to borrow money for a mud boat.


Thu Jan 19, 2017 6:03 pm
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Post Re: Financing/lender??? Long-term?
I agree with most. But the only thing I'll finance more that 5 years is a home.

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Thu Jan 19, 2017 9:36 pm
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Fri Jan 20, 2017 8:53 am
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Fri Jan 20, 2017 8:53 am
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Fri Jan 20, 2017 11:04 am
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Post Re: Financing/lender??? Long-term?
56 yrs. old only financed 2 boats in my life, neither were mud boats, both were 48 month loans, 6.75% and 7% both paid off without missing a payment. I never let my living cost and toy cost exceed my monthly income from my retirement benefits. :o Living like a democrat voting like a republican, makes them id10t liberals hate me and that what makes the world go round!!!!

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Fri Jan 20, 2017 11:12 am
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Post Re: Financing/lender??? Long-term?
If any of you are reading this and still thinking about financing anything other than a home or something that creates income after having calculated ROI, do yourself a favor and read Rich dad poor dad and then find the closest place offering a Dave Ramsey financial peace class and sign up. After experiencing either of these, your world and what you see around you will change drastically. I thank my parents every time I see them for making us go without and saving twice as much as we needed when we wanted something. It sounds harsh, but more often not we would not spend the money once we had worked for it and if we did we were well on our way to the next thing if we did buy. Own your truck with no note, great, make a payment to yourself, so the next truck is cash. Be smart, give yourself the gift of financial understanding and freedom. Credit is a trap and a scam. Wealthy people often don't have credit as they have no lending history. Financing is for suckers, and there's a sucker born every minute. Some of what I read on here has me wanting to open a bank and pick some of your pockets. I'd loan the original poster the money for 10 years or more, for 5% all day long.

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Sat Jan 21, 2017 6:16 pm
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Post Re: Financing/lender??? Long-term?
It's a death policies ins pay the balances


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Sat Jan 21, 2017 6:19 pm
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Post Re: Financing/lender??? Long-term?
Millionaire Next Door is a good book too.


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Sun Jan 22, 2017 12:23 pm
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Post Re: Financing/lender??? Long-term?
OK guys thanks for all the advice. I got my boat and went a totally different route. Paid a couple thousand down and financed a new gator Trax 35mb HD sport for 5 years at 4%. I'm not putting myself in a bind fyi. House is paid for now. I like to keep some kind of loan out there to help my credit come up. By purchasing this boat I'm not taking anything more out of my pocket monthly since I have gotten rid of a payment.

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Fri Feb 10, 2017 3:25 pm
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