Are ATVs/UTVs overpriced?

[CloverKnollFarms]

We have been completely debt free since 2014. That has opened a lot of options for us... A lot. I'd take those options, over a loan on a luxury item, any day.

 

[ultrarunner]

It's hard for me to give up my 2.75 fixed mortgage but otherwise on the same page.

 

[BnRidge]

The problem is there are also a fair amount of accidents, almost always related to speed, drinking, or both. They do not realize if you hit a turn too hot in the mountains it can be a LONG LONG way to the bottom...

So what. Folks don't want to see the riff raff making a nuisance of themselves, yet following through finding ways to knocking themselves out is a bad thing? I love ripping up a hill and doing backflips with my UTV. Oops, bonk. Last words "I'm not the hero everyone thinks I am", Eulogy, "he was doing what he loved" - congregation "astalavista, dumb azz".
And it's like anything else, if someone has a hobby, the excuses are endless for supporting it. Pick a hobby, name the excuses. The farm here has everything from quicksand to cliff faces. I don't need to ride around on either. A pickup works just fine.

 

[Sprinkler Fitter]

I live near the bottom of a forest service road that is popular with the recreational sxs crew, Im constantly blown away by the quantity of these rigs and all the accessories they strap onto them. But like you said zero to little down, a semi-ok job, and willingly taking a 7~10 year loan. Then they all think they are a rally driver on day one.

Some of us actually write a check for them

Well, you are not as smart as you think you are when it comes to CC balances. I do, and have paid off mt CC balances every month for at least 18 or so years. Even when we buy something high priced, $5K OR MORE...

We have also, we buy all our meat and supplies for our food truck on our credit card for the cash back and the as soon as it is on the credit card I pay it off with the business account.

 

[Paystar]

I agree, the gadgets really drive up the price. Same way with new trucks, a top of the line truck can almost double the price over the base model, same exact body and engine but all the gadgets double it's price. And people pay that which blows my mind!

Sad part of it is in most cases the base models are already wired and have the electronics for all those options.

 

[Paystar]

I never considered myself as smart but I am financially frugal. Had 73 years to perfect my regimen.

I owned a trucking company, so I'm just broke, LOL

 

[Paystar]

I live near the bottom of a forest service road that is popular with the recreational sxs crew, Im constantly blown away by the quantity of these rigs and all the accessories they strap onto them. But like you said zero to little down, a semi-ok job, and willingly taking a 7~10 year loan. Then they all think they are a rally driver on day one.

Speaking of the rally driver thing......there's another reason I hate all these new 200 h.p. atv's. Our trails used to be beautiful around here. Nobody ever used to have anything bigger than a 500.
Now the trails are all deep ruts and bowling ball size rock because they have to constantly spin their tires and roost away all the fine gravel and sand.

 

[Mtsoxfan]

Speaking of the rally driver thing......there's another reason I hate all these new 200 h.p. atv's. Our trails used to be beautiful around here. Nobody ever used to have anything bigger than a 500.
Now the trails are all deep ruts and bowling ball size rock because they have to constantly spin their tires and roost away all the fine gravel and sand.

Same up here in the winter. Weekend Warriors come up with their snowmobiles, High powered sleds, beat the hell out of the trails, then go home. I used to only ride during the week, after the groomers came through. P.S. I used to come up here to ride before I moved permanently, but we were NOT the WW type...

 

[Paystar]

And don't get me wrong, I'm not the fun police, but go find a sand dune or something if you want to ride wide open.

Around here all the trails are used by kids, people walking, horseback.

I know a guy that I rode with twice and then said no more. He goes wide open, people giving him the finger, then gets back to his truck and it has flat tires and he can't figure out why. Not my idea of a fun day of riding.

 

[Mtsoxfan]

Like you said, a time and a place for that kind of fun.
Some areas near Pittsburgh NH we used to see radar traps, and common to see people pulled over.

 

[John_Mc]

It's hard for me to give up my 2.75 fixed mortgage but otherwise on the same page.

And no real reason to. Why would I put that cash into paying off the mortgage early when I can earn a whole lot more than 2.75% investing it?

 

[CloverKnollFarms]

Being debt free isn't always a way to maximize returns. I just don't like owing anyone a debt... I hate making payments with a passion.
I had a financial advisor when I was 25, tell me to ONLY have an interest only mortgage for LIFE... And just leverage debt. That just didnt sit well with this farm boy who likes owning stuff and not letting others own it. I probably didn't maximize my returns, but I'm retiring this week at 47 years of age, so I guess I'm doing better than most who are still leveraging.

 

[groundcover]

Congratulations, enjoy !

 

[Too many Kubotas]

I just don't like owing anyone a debt... I hate making payments with a passion.

Same here, so everything is paid off and has been for quite a while.

But yesterday I was rudely reminded of that I owe some $270,000. Not that I expect to be billed for it in normal fashion - it's just my portion of the national debt - but it bugs me.

 

[CloverKnollFarms]

Same here, so everything is paid off and has been for quite a while.

But yesterday I was rudely reminded of that I owe some $270,000. Not that I expect to be billed for it in normal fashion - it's just my portion of the national debt - but it bugs me.

There is always that. I could pay my portion today... But that would assume they wouldn't put me back in debt tomorrow, which they will.

I also feared the idea that if I see debt as "leveraging with wisdom"... Then I've all of a sudden opened the door to legitimizing all sorts of debt purchases by attaching some sort of false financial wisdom to things I really should not have purchased anyway. When I ask myself, am I willing to pay cash for it today? All of a sudden, certain purchases dont look so necessary. I've seen a lot more people go broke because of debt, than be broke because they are debt free.

 

[Too many Kubotas]

Believe it or not, I know someone who rolled a 0% loan into his new mortgage.

 

[Quaffer]

Believe it or not, I know someone who rolled a 0% loan into his new mortgage.

But now he gets to write it off! Financial genius! (not!!)

 

[WilliamBos]

I have bought 3 new atvs, a 2012 Sportsman 400HO, sold it and bought a 2021 Rancher footshift, sold that and bought a 23 Sportsman 570 EPS.

The 400HO was 5,699 plus taxes and such, the Rancher cost 1/3 more than the 400HO, and the 570 was twice the 400HO.

Each machine cost more, but was better refined than the previous model that it replaced.

I guess it depends on ones needs, I am happy with my purchases.

The new SxS are real sweet too, but for me, I would buy a 2 door JL first.

 

[Sprinkler Fitter]

I have bought 3 new atvs, a 2012 Sportsman 400HO, sold it and bought a 2021 Rancher footshift, sold that and bought a 23 Sportsman 570 EPS.

The 400HO was 5,699 plus taxes and such, the Rancher cost 1/3 more than the 400HO, and the 570 was twice the 400HO.

Each machine cost more, but was better refined than the previous model that it replaced.

I guess it depends on ones needs, I am happy with my purchases.

The new SxS are real sweet too, but for me, I would buy a 2 door JL first.

what is a JL?

 

[Code54]

Jeep - JK, JL YJ - models of Wranglers.

We have a JK and like it but the SxS is way better on rough roads/trails.