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. ;-)