Finished paying the boat off today!

[fredrussell]

Borrowed a hefty amount of cash a while back and bought the boat I had hankered after for a fair few years previously whilst learning to sail. After scrimping and saving and paying every spare penny possible for 15 months and living like a monk (made easier by COVID funnily enough) I made last repayment today. I’m chuffed to bits.
For my sins (and they must have been bad) I work in the construction industry - think mud and graft- and there were many times when I had to resort to looking at a photo of the boat during tea-breaks to summon the will to keep going!
So apologies for the self-congratulatory nature of this, but well done me! Seldom was a boat worked so hard for. Had a celebratory sail today and conditions were perfect. Sun out, warm, a nice stiff breeze and had the Orwell pretty much to myself. Perfect.

 

[Seastoke]

Borrowed a hefty amount of cash a while back and bought the boat I had hankered after for a fair few years previously whilst learning to sail. After scrimping and saving and paying every spare penny possible for 15 months and living like a monk (made easier by COVID funnily enough) I made last repayment today. I’m chuffed to bits.
For my sins (and they must have been bad) I work in the construction industry - think mud and graft- and there were many times when I had to resort to looking at a photo of the boat during tea-breaks to summon the will to keep going!
So apologies for the self-congratulatory nature of this, but well done me! Seldom was a boat worked so hard for. Had a celebratory sail today and conditions were perfect. Sun out, warm, a nice stiff breeze and had the Orwell pretty much to myself. Perfect.

Well done , years ago I used to borrow for a car after the last payment it was scrap, I don’t mean boats are , you can sail with a smile.

 

[NotBirdseye]

Congrats. I'm surprised you didn't go sailing sooner mind you!

 

[harvey38]

Well done, it's quite disconcerting taking a boat on at first but great when you make that final payment that cements the initial decision. Result, many more years of happy boating ahead ???????

 

[Bouba]

Well done! That is an inspiring story ?️

 

[northwind]

 

[pcatterall]

Great tale! Enjoy!

 

[NotBirdseye]

Actually... where's the pictures and videos? Keep us updated!

 

[PCUK]

Now that's out of the way you can start planning the next one!

 

[fredrussell]

Now that's out of the way you can start planning the next one!

...always the way though isn’t it!

 

[doug748]

Good stuff fred.

Further to post 8, I'm dying to know what boat you bought with the hard earned?

 

[LadyInBed]

There's a weight off your mind ?
I had a 'Marine Mortgage' over five years for my first sailing boat, does anyone still use them?

 

[NotBirdseye]

There's a weight off your mind ?
I had a 'Marine Mortgage' over five years for my first sailing boat, does anyone still use them?

Me! Regret it kinda...(maybe not but the APR leaves a bad taste). Unfortunately the stars didn't align nicely... the boat did... but while I would have otherwise had the finance available I had a gap in cashflow at the time (due primarily to banks clamming up on Covid...).

 

[fredrussell]

Good stuff fred.

Further to post 8, I'm dying to know what boat you bought with the hard earned?

Cheers Doug. I bought a Parker 31.

 

[dolabriform]

Congrats

 

[Beelzebub]

Well done! Time to start planning the next one!

 

[Koeketiene]

I had a 'Marine Mortgage' over five years for my first sailing boat, does anyone still use them?

Had one for my second boat. ?