[Rhodes22-list] Firm Price

Fri Dec 3 13:03:42 EST 2004

Philip,

The only real questions with regard to loans are, from your side, how 
much will they cost, and from the lender's side, will you pay them back.

You want a loan with the lowest true cost.  The lender wants its money 
back with interest..  If you have been paying back all your loans on a 
timely basis and can afford to borrow more, you can borrow what you need 
under prime if you take a variable rate, and at about 6% currently if 
you want to fix the rate.  "Boat Loans" are rarely at the best interest 
rate. 

Don't get all involved with how much interest you can write off for tax 
purposes.  Yes, you can write it off.  But the benefits on a $30,000 
boat are trivial.

Concentrate, instead, on the cost of the loan, and what you can afford 
to pay back.

If I were you, I would start buying the boat right now.  Instead of 
sending a check every month to a lender, I would send the same amount to 
Stan, and tell him to start work on your boat.  By the time you are 
ready for your boat, the entire downpayment will have been made, and you 
will have effectively bought the bought with 100% financing.  Your 
payments should work out to something like $250/month for 15 years.  The 
boat will cost you less because Stan will have plenty of time to build 
it, so it will cost him less to build.  He will pass along some of those 
savings to you..

Bill Effros

PS -- From my perspective, I have never seen any boat I like as much as 
this one in any class.

pestyone57 wrote:

> Bill,
>     Thanks.  I never thought of it that way.  Here is what I replied 
> to Ed K.  ". . .[My wife is]. . . partial
> to a new boat.  The trailerable is ideal for us right now since we can 
> only
> use it when we are off work and Virginia leaves us very seasonal sailing,
> though with a trailer we could pull it somewhere warm.
>     I am currently recalled to active duty and don't know how long that
> will last, but we would probably place an order and downpayment when I am
> released sometime within the next year.  To be fair to Stan, he has 
> given me
> a price range, but it is quite a broad sweep and to research financing 
> I am
> trying to narrow it down a bit."
>   But I see your point about putting it together and going from 
> there.  I fell in love with this boat at the boatshow and I haven't 
> seen anything I like as much since (in this class).  Do any banks 
> finance or should I look at specific Marine finance companies like you 
> see at the boat shows and on-line?
>
> Thanks again,
>
> Philip E.
>
>
>
>
> ----- Original Message ----- From: "Bill Effros" <bill at effros.com>
> To: "The Rhodes 22 mail list" <rhodes22-list at rhodes22.org>
> Sent: Thursday, December 02, 2004 8:00 AM
> Subject: [Rhodes22-list] Firm Price
>
>
>> You don't really want a firm price.  Stan wants you to have as much 
>> boat as you can possibly afford, and will start throwing things in if 
>> you don't pester.
>>
>> Go in the other direction.  Decide what is the absolute most you can 
>> pay, and get from the bank.  Then work with Stan to stay within that 
>> budget. The boat will be worth more than the bank needs it to be worth.
>>
>> There are 200 people on this list who will tell you, you won't be 
>> disappointed with what you get.  If this is the boat you want, get 
>> one with the most unique features you want, that you can afford.  A 
>> recycled hull with rebuilt or brand new parts (your choice) and every 
>> option you want, is better than a brand new boat, if buying brand new 
>> means you must give up options you want. The hulls have been very 
>> well made for the past 25 years.  If Stan says the hull is good, the 
>> hull is good.
>>
>> I bought my boat brand new in 1998.  I plan to recycle my own boat 
>> this year to get options that were not available or that I did not 
>> select the first time around.  I could sell my boat (they retain 
>> their value very well--used boats have sold for more than you will 
>> probably pay for your new boat) and get a brand spanking new boat.  
>> But I wouldn't even consider it.  My 1998 hull is in perfect 
>> condition.  At the end of the day I will have exactly what I want, at 
>> a price I am more than willing to pay.
>>
>> You will, too.  Pick the number first.  Then work with Stan to get 
>> the most out of that number that you possibly can.  Be fair with 
>> Stan, and he will be fair with you.
>>
>> It's an old-fashioned way of doing business, but it sure is sweet.
>>
>> Bill Effros
>>
>> pestyone57 wrote:
>>
>>> To answer your question,
>>>
>>> The kidneys serve two major functions: they keep the salt content of 
>>> the blood constant, and they filter waste out of the bloodstream. 
>>> So, the main components of urine are (salt) water and waste 
>>> products. The major waste product from cells in the body is ammonia, 
>>> and the major waste product from blood is a broken form of heme 
>>> called bilirubin. In the liver, each of these is converted into a 
>>> less hazardous form: ammonia is converted to urea, and bilirubin is 
>>> degraded to urobilins. Salt, water, and urea are all colorless, but 
>>> urobilins (which come from degraded pigments) are yellow. So, if you 
>>> drink a lot, your urine will be more dilute and clearer, and if you 
>>> get dehydrated, your urine will contain less water and be darker 
>>> yellow - Information from MadSci Network
>>>
>>> So urine should freeze at a slightly lower temperature than water, 
>>> and in the holding tank might take even longer depending on the 
>>> amount of bacteria in the tank (bacterial action should increase the 
>>> temperature of the tank).
>>>
>>> My wife and I are looking into buying a New or Recycled Rhodes 22.  
>>> I saw and had a "test-drive" at the St. Petersburg, Fl boat show 
>>> while I was stationed at USCENTCOM (I am an activated reservist).  
>>> Since we will have to finance the lion's share of the cost, I wanted 
>>> to investigate financing but when I e-mail Stan about prices, I 
>>> receive nebulous answers.  How do I go about getting a firm price to 
>>> present to the bank?
>>>
>>> Thanks,
>>>
>>> Philip and Deena Esteban
>>> Virginia
>>>
>>>
>>>
>>> ----- Original Message ----- From: "brad haslett" <flybrad at yahoo.com>
>>> To: "The Rhodes 22 mail list" <rhodes22-list at rhodes22.org>
>>> Sent: Thursday, December 02, 2004 5:40 AM
>>> Subject: Re: [Rhodes22-list] Sailing - Highly Technical Question
>>>
>>>
>>>
>>>> Rummy,
>>>>
>>>> Actually, it needs pumped out anyway.  On warm days it
>>>> is starting to smell like the bar I stop at on the way
>>>> home from the lake.  I've been adding a quart of "blue
>>>> stuff" from WalMart about once a month but after last
>>>> Spring's cruise with 5 college seniors it has about
>>>> met the limit of better living through chemistry.
>>>>
>>>> We seldom get several sub 32 degree days here but
>>>> about once a year we get an ice-storm and about every
>>>> 5 years it knocks power out in parts of the state. December is 
>>>> pretty booked for me but I plan to do some
>>>> January sailing on the 40 degree plus days, which
>>>> there should be many.
>>>>
>>>> My best friend of thirty years started driving down
>>>> from Southern Illinois and spending weekends on the
>>>> boat.  He liked the area so much we started looking
>>>> for real-estate together.  Last week we bought a 1900
>>>> square foot commercial shop building on 2 acres about
>>>> five minutes from the boat.  He may build an apartment
>>>> in it or just put a mobile home on the property. Either way, next 
>>>> season we should have a place to stay
>>>> for extended periods.  Since we have plenty of room
>>>> for work and storage we will probably start shopping
>>>> for a project boat.  I'd like to find an old run-about
>>>> with a small block V-8 that we can rebuild. Let me
>>>> know if you run across anything that looks
>>>> interesting.
>>>>
>>>> Brad
>>>>
>>>> --- R22RumRunner at aol.com wrote:
>>>>
>>>>
>>>>> Brad,
>>>>> I assume you are talking about a holding tank.
>>>>> Generally speaking, the  biological action and the warmth 
>>>>> generated from the
>>>>> heat still in the lake will  prevent it from freezing. I would 
>>>>> think you would
>>>>> require many sub 32 degree  days to get it cold enough to freeze 
>>>>> hard.
>>>>> I have a porta-potti on Rum Runner and never worry
>>>>> about it or the water  tank freezing as long as the boat is in the 
>>>>> water.
>>>>> You are a little further  north than I am, so pumping it out beats 
>>>>> replacing
>>>>> it in the spring. :)
>>>>> Rummy
>>>>> __________________________________________________
>>>>> Use Rhodes22-list at rhodes22.org, Help?
>>>>> www.rhodes22.org/list
>>>>>
>>>>>
>>>>
>>>>
>>>> __________________________________ Do you Yahoo!? Take Yahoo! Mail 
>>>> with you! Get it on your mobile phone. 
>>>> http://mobile.yahoo.com/maildemo 
>>>> __________________________________________________
>>>> Use Rhodes22-list at rhodes22.org, Help? www.rhodes22.org/list
>>>>
>>> __________________________________________________
>>> Use Rhodes22-list at rhodes22.org, Help? www.rhodes22.org/list
>>>
>>>
>> __________________________________________________
>> Use Rhodes22-list at rhodes22.org, Help? www.rhodes22.org/list 
>
>
> __________________________________________________
> Use Rhodes22-list at rhodes22.org, Help? www.rhodes22.org/list
>