|
There will always be boats for sale. These things depreciate faster than ice cups on a summer day. And become less attractive as fuels costs rise. Boats are getting cheaper by the day. The used boat market is flooded, and the new boat market... well there is no new boat market. Not much is moving. Big boats with old technology can be gotten for next to nothing as the headache becomes mind numbing in today's economy.
Tell your wife the boat gets about 2 miles per gallon and it will be near impossible to sell the boat if we change our mind. Never, I repeat, never under any circumstance take a loan out on a boat. Paying interest on a asset that depreciates so fast that is hard to unload and has high maintenance costs is a bad decision.
IMO If you don't plan to put a couple hundred hours on a boat per year...don't buy it. If you want to go fishing or take your family out...charter someone for the day. Trust me you don't want to get into this living 70 miles from where you want to use the boat.
|