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My rule of thumb..
With boats and cars is if you can't afford to pay cash then don't buy it. Houses at least appreciate in value over the long run while 90% boats and cars (except for some very collectible cars and boats) depreciate. Why would you want to pay 8% interest on a declining investment?? If you have 50K buy a 50K boat or save up till you can afford the boat you want. Personally I don't think boat loans are a wise investment unless you invest your 50K and can make the returns on that (highly unlikely) to pay the boat loan so you still have your principal...
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