Join Date: Mar 2006
Location: New England
Thanked 18 Times in 14 Posts
Rep Power: 16
Cam's point about many lenders preferring USCG documentation is a very valid one. Also, if the boat is USCG documented, you can often qualify for a marine mortgage rather than a consumer loan, and the interest is often deductible, as many boats will qualify as a second home—provided they have a permanent galley and full-marine head installed.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.
—Cpt. Mal Reynolds, Serenity (edited)
If you're new to the Sailnet Forums... please read this To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Still—DON'T READ THAT POST AGAIN.