Likewise but two houses for me in 2008.

I think the point is being missed here. I believe what was trying to be related was this. When you buy a brand new boat you know your going to take a big depreciation hit more than likely over 100k. So if you can’t pay for a 300k boat cash and take the depreciation hit then most likely need to get into a cheaper boat where the depreciation hit won’t be as big and won’t financially hurt you. Again nothing wrong with not being able to afford a 300k boat. But I think people get into a lot of trouble when they finance the 300k boat just because they can “make the payment”. Then when it’s time to sell they are completely upside down on the boat and can never make up the difference. Where as the people paying for those toys cash the depreciation hit probably doesn’t affect them as if they can afford to pay that kind of money cash they probably have a lot more than that.

No, I understand the point - exactly why I put enough down on my boats that I can never be upside down. And I wasn't trying to be snotty with 1960, but everyone's financial position and approach is different and financing is okay.....

not to mention many boat loans can be written off as a second home or second mortgage depending on loan source.

Right here in Palm Harbor/Dunedin Fl.

Our town home was $147k 3 years ago. Clean and nice area and rent if you lease them out is $1500 - $1700 area.

I remember having the "Pay Cash" vs "Finance your Boat" argument here on OSO back in 2007. I would say the "Finance-your-Boat" crowd made the more sound financial decision because when the dust settled after the 2008 Financial Crash they no longer owned a boat.

As stated above in most states the bank can sue you for the balance between what the item sold for at auction and the balance of loan. On the flip side if you pay cash it doesn't really matter if the economy goes south because you already own it outright. A boat loan is like a mortgage and the interest is a killer so if you have the $$ I agree it's better to pay it off.

Since were on the subject of Gladiators, and financing, loans, ect. My last payment on the Gladiator Was last month. I had a cheep interest rate so I felt it was better to keep making payments instead of paying it off when I made chunks of money.

Depends on if its bankruptcy or a repo, in a bankruptcy the bank cant come after you or sue you, however they can 1099 you for the difference which would compound issues with the irs depending on the amount.

Stay on target, stay on target... gladiators are bad ass boats and relative to what other models are getting... probably deserve the money they’re asking imo. When the economy is good everything goes up.