SailNet Community - View Single Post - What Is A Boat Really Worth?
View Single Post
Old 07-17-2013
jorgenl jorgenl is offline
Abysmally Stupid
Join Date: Aug 2006
Location: MRE
Posts: 392
Thanks: 3
Thanked 0 Times in 0 Posts
Rep Power: 9
jorgenl is on a distinguished road
Re: What Is A Boat Really Worth?

Originally Posted by T37Chef View Post

I have not one regret in financing our boat! However, any and all upgrades are paid in cash, for example a re-power. There lies my disagreement with your opinion/comment

I was not implying that financing is bad/wrong. If interest rates are low, tax deductions are available and you can get a better return by investing it may make financial sense.

What I was trying to say, is that if you cannot afford to pay cash, there's a chance that you may not be able to afford having a boat, it all depends on a number of factors such as boat size (slip fees) age of boat (maintenance/upgrade cost), price etc etc.

Me, I like to pay cash for toys and did so with all my boats.
Reply With Quote Share with Facebook