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I don't smoke, use drugs or buy drinks at a bar so I figure I save enough to afford the boat. :-D
Buy used. Pay cash. Maintain it yourself.
Where do you get that a 20 year old boat depreciates $4,000 per year? Are you going to sink it after five years or try and sell it? A 20 year old boat has ZERO book value, anyway (A new vehicle has a five to seven year book life - not sure about boats). But even so. If you buy it for $20K today and take care or it in 20 years it may be worth $40K at the cost of capital in 2028. So it appreciates. Certainly should hold its own.
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Charlie P.
To travel hopefully is a better thing than to arrive - R.L. Stevenson
I suspect that, if you should go to the end of the world, you would find somebody there going farther . . . - H.D. Thoreau
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