I was just curious the actual percentage of people who own their boats/yachts outright to the people who finance?? All of the people that I know purchased theirs outright, usually 2nd hand or made the payments needed during the build times.
I was just curious who financed theirs and what the benefits or cons are in doing so?? I just always thought that marine
loans were either too high in interest or so much initial deposit that you might as wait a little longer and just get the full amount yourself?
I'm only asking because I was planning to just save and purchase
the boat in the needed stages during the build and be done with it.
Thanks in advance for your input! Cheers