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Old 09-28-2013
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Re: Why buy a brand new $150,000 sailboat?

A new boat is a good deal if you have the money to buy it and still have plenty left.

A used boat is a much better deal for most of us. I bought my boat, 20 years old, for $80,000. A new one just like it lists for $250,000 to $275,000. That would have been every penny I had.

With the money I didn't spend on the new boat, I spent about $20,000 upgrading mine and then still had all the rest of the money left to make my cruise really fun.

If I had had a million dollars, I would I have bought the new boat. But, I didn't.
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