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.