I am sorry for the sudden burst of activity this week as apparently I'm really needy right now for some perspectives. I posted a thread earlier this week called Thinking About Going to the Dark Side for a Girl
I recently had a talk with the lady friend and made some great progress. Her big pet pevees about my boat - some of which I share with her - are the mast
in the middle of the salon
, size of cockpit
, ample deck
space for laying out, ample living space where we can separate with a book when needed on opposite ends of the boat.
All valid concerns in my own mind or I can at least agree that the Alden 44 does not have good space to lay out for a tan. It's has been a design complaint of mine for years.
She is okay with the size of boat I have now. I guess the new goal which I'll be very specific on to help members help me. If I sold my boat now at an advantageous price
I would have about 175K cash for buying
out right and or 50k down payment.
If I bought at 175k I would have 15k per year for the next 5 years to put into upgrades and maintenance
If took the 10% down payment choice that would allow me a 500k vessel and leave me 8k per year in upgrades and maintenance
for the next 5 years.
I don't buy into the 10% of purchase price rule
that is advised to some newer sailors. Not because it's not excellent advice. It just does not apply to me personally.
Now the conundrum!
My idea was find a 100k vessel that I could put 75k into which would give her the experience to pick and choose her wants in upgrades and we could discuss them as a couple.
Then have the 15k per year to add things as needed or wanted.
I gave her the other option as well and now my email
is full on 500k boats!
For you financiers out there please don't ask me how I come up with my numbers. The loan option is because I'd be taking a equity line of credit out against my apartment which I own free and clear so the renters would be paying my debt off.
I think my original idea is pretty good. But feel free to modify my numbers with boats that could fit the order.
Boats 40 - 45 ft - Offshore
capable - Fiberglass
- Speed is not a concern of mine - I like'm slow and fast.