Not considering one myself, but was curious about the market for them. Judging by the mixed responses to the thread, some feel they are over priced while others find real value in them.
The biggest Economic failure being watched like its the Corona Virus is debt owed on depreciating items. Auto companies are offering cash for cash deals to reduce their financing exposure. For toys like these most people are likely using line of credit on their home. Yes they likely will owe more than its worth at the next economic crash. Sound familiar?
Some people do pay cash for toys / vehicles etc but not many.
Our Ford dealer we bought from in September 2019 is surrounded by 1million+ dollar homes sells 280ish vehicles a month small main st family owned shop. The manager told me surprisingly they only see 2-3 cash deals a month. We were cash deal and Ford kicked in $2300 that was in addition to our negotiated $9000 off.
Only debt I carry are property loans which are combined less than the current value of any one property I have.
yeah we ran a tight budget and bought used kids clothes hell still do. But today we can easily retire when my Youngest is in High School.
Would I buy one? No. Rent one? Yeah I would.
Do I have expensive toys? Yeah a 30ft Sailboat its been paid for from day one 14yrs ago and we sail yr around here. Even my camping is seasonal with limited use hence why we own a sailboat and not an RV lol. RV would be cheaper tho. Hell a Porsche 911 4S would be cheaper but you can’t go sailing and have an entire Bay to your self with whales in a RV or 911 with a 30min trip from the house.
