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post #24 of Old 07-17-2013
jorgenl
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Re: What Is A Boat Really Worth?

Quote:
Originally Posted by T37Chef View Post
Roger that, I am just not following your line of thinking.
Shawn, that's OK I having a hard time following my own line of thinking at times.

In my world my boat's value should represent a minor portion of my overall net worth. That is because it is a depreciating, unnecessary luxury item (at least to me it is).

That is regardless of whether the boat is worth $10K, $100K or $1M.

If you have to borrow money to buy a boat, it indicates to me that the boats value may represent a significant portion of your net worth.

If you elect to to finance a boat, because it makes financial sense to do so, that is, to me, an entirely different kettle of fish.

Ok, that probably confused the issue even further, if possible. ;-)
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