It's all relative. like gambling.. does a guy go to the quarter slots or $50 black jack table for example.
look at truck leases. my residual is 55% after three years
I bought a timeless Formula for $30 something. will sell it 4 years older for $30 something.
Sales incentives play in our human nature with temptations like 0 down etc.
Some people criticized Formula for their "buy down principal" financing with low interest early (lower that typical bank financing) then a standard rate after 5 yrs or so.
you have to use this "benefit?" and PAY the extra principal that would equal your future payment after 5 years so that if you choose, you can sell the boat and not be upside down.
some complain that they cant sell their boat for payoff (while they actually made only the minimum payments for the first two years) and then blame Formula????
it' s just being wise with your money and understanding your future financial situation when you want to sell or come into hardship.
it would be great to see a chart of percentage of new price vs years old for various boat makes. one could tabulate this from the blue book data. I would guess Formula and Cig are up there high.
One could use this data to determine what price, and what year boat you can ACTUALLY afford the depreciation on.
just some blabbing............. thanks for listening
17% seems great for 3+ years and hopefully that was your point
)
looking back at your thread ... I think that was your point. maybe you just wanted some more ammo to calm the wife.
what's next or did you spend the money already?
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