Maybe another Take:.....If you have a house that is paid off....Take a 2nd on the House, I did at 2.2% interest and you can deduct it, but with rates so low, its not much....I also will Sell my paid off sailboat, that I bought "used" at a good price
and Plop that money
down on the New boat loan, so it should be paid off in 5 years...but I went 15 yrs just in case.....
USED Boats are less....BUT COSTS MORE in Maintence and Headaches....I know....the last sailboat I bought was a 2007 that i bought used in 2009....I got a Great price
because of the stock collapse in 2008.....and only minor maintence like oil
.......Before that boat, I bought a 1989 Nonsuch that was 14 years old...it was a good boat, but seemed like something always needed fixing......
So Take your poison.....Pay more for new, but less headaches and enjoy the boat more.........or pay less for used but be prepared to pay with headaches and maintence.........
I also don't recommend to buy New, unless you have everything paid for in life and retirement
set aside and you have extra cash that you can spend on Depreciation....everyone is afraid of losing money on Depreciation....Yes you will....But Remember the Wise Words of Captain
Jim B........"The Hearse Doesn't come with a Trailer hitch"......How much do you want to leave behind for your kids
to Blow on Crack :big grin: ...Well, maybe leave them a little, but nothing motivates a young person to have to work, then needing money :big grin:
The older I get....the more "new" looks more appealing..
I guess it really Just Depends.