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Old 03-21-2011
eSailor eSailor is offline
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Quote:
Originally Posted by night0wl View Post
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.
good point.
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