SailNet Community - View Single Post - need advice on financing a boat
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post #10 of Old 03-20-2011
night0wl
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A boat that price is probably fully depreciated...as there aren't many NEW sailboats that would be in the $20-30k range. Home equity would likely be the ONLY way to go. As for if anything happens...well, since the boat is fully depreciated, sell it and pay off the equity. You'll likely break even after all the tax deductions you'll be able to take.

S/V Jendai
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