SailNet Community - View Single Post - What Is A Boat Really Worth?
View Single Post
Old 07-18-2013
JulieMor's Avatar
JulieMor JulieMor is offline
Senior Member
Join Date: Sep 2011
Posts: 853
Thanks: 47
Thanked 16 Times in 16 Posts
Rep Power: 4
JulieMor is on a distinguished road
Re: What Is A Boat Really Worth?

Originally Posted by denverd0n View Post
As for using Other People's Money. Yeah. It's a great idea. But it does not work when you are buying a depreciating asset that will not be used for generating revenue. In that case, as hellosailor said, it is the bank that is using YOUR money--not the other way around.
Don't forget the money you didn't use to buy the boat. If that's generating more in interest than you're paying for the loan... There's a lot of ways to look at the value of that money you didn't spend.
Reply With Quote Share with Facebook