Since there has been so much talk about boat loans, money, cash, etc, here is a topic.
Everybody says boats are terrible investments and that you should pay cash due to the depreciation factor. For starters, out of all the performance boaters I know, I dont know one that purchased the boat as an "investment".
Aside from boats requiring high maintenance, storage and fuel fees, which we all know isn't cheap. But I dont see how they are any better than the cars and trucks we drive.
For instance, lets pretend its 1990. You go out and buy a brand new Baja 250 sport. Loaded up the boat was 35k. You also go out and purchase a brand New Lincoln Town Car for 27-30k. Well, its 15 years later and you still have both. 1990 Lincoln town car, worth 1500 bucks in decent shape. 1990 Baja 250's in decent shape, 15-25k all day.
Sure the Baja costs a lot of money during the 15 years in gas, maintence, and storage, but you used it, just Like the Lincoln, gas, oil changes, etc.
In no way am I saying boats are good investments because they are not. I know first hand, the two boats Ive had have been money pits.
I just found out when looking thru some papers that my Liberator was just under 30k back in 87. In the Nada book, with my HP and equipment, its shows a High Retail Of 23k. I know realistically I wont get that, but its nice to look at.
What do you guys and gals think, is my reasoning making any sense, or am I just trying to talk myself into getting a new boat?