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post #12 of Old 03-21-2011
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Originally Posted by eSailor View Post
Looking to spend in the $20k-$30k range. Any insight and advice on financing a boat is greatly appreciated. I will have 20% or so to put down.
Just curious, what sort of boat are you thinking of, what do you plan to do with it?

Nobody today wants to hear my thoughts on this subject, passed down to my brother an I from our dad when we were still quite young… Hopelessly Old School, I know, but it’s worked pretty well for me:

Never, EVER, finance a TOY
Especially in today’s market, lots of boats out there that could get you out on the water for the amount of cash you’re able to put down… Pay cash, and put what you'd otherwise be spending on payments towards upgrades, which you know damn well you'll be doing anyway, no matter how much you spend initially...

That's my $.02, probably worth less than that... Of course, such a suggestion is inherently un-American anyway, so I’ll shut up now… (grin)
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