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Quote:

Originally Posted by omerta one (Post 2772238)

That's a reasonable strategy in a decent market...but saving 6% is like a guaranteed, tax free return. The S&P was down 38% last year. Right now I'm glad I paid cash for mine; if not I would have lost 38% in the market and the depreciation on top of it. The way I look at it I'm now 44% ahead by paying cash.

Paying cash also keeps you from living beyond your means. Like the good old days...save up then buy it.

:eureka::eureka::cool:

Payments on toys are a no no for me. Mortgage and utilities payments are the only thing worth paying for monthly.......I've got a 20 year old boat....but it's paid for!!!!:ernaehrung004:

Quote:

Originally Posted by Jeff P31 (Post 2772319)

This is why the repo yards are full ! :eek:

No, repo yards are full cause of the banks gave money to people who couldn't afford it, or people fell on hard times.:eek:

Quote:

Originally Posted by OldSchool (Post 2775496)

And I must say not too many 20 yr old boats as nice as yours Craig