I actually like that part about the boat because it not your normal all white interior. It would probably be cheaper for people to take it to Fineline or the interior update that way its more OEM style.

I am friends with the whole Caravella family and $150K is his bottom line.

I haven't seen the boat in the past couple of years but knows he stores it indoors most if not all year when not using it.

If anyone is interested, I can link you to John.

Got to admit, sometimes swimming naked is lots of fun!!!!!

I hate when people come on here and spout off about how you should only pay cash for toys.

i financed part of both my cigs (as have most on here). I sleep pretty well at night - there is nothing wrong with borrowing. Frankly, people that are able to afford 3, 4, 500k boats are probably smart enough not to pay cash.


If you sleep better at night paying cash, great, but if I had 150k in cash lying around I'd buy another rental house and use the 1,500/month in rent to easily cover the boat payment......

Totally agree, Very few people can go plunk down a big chunk of change on a boat. I've been into bikes, cars ,and boats throughout my life and you buy what your bank account and income will allow. Nothing wrong with financing as long as you can make the payment but would definitely leave reserve funds in the bank for an emergency.

where are you buying 150k homes that get 1500 /month rent?

Sorry if I came on a bit too strong--I guess having lost nearly everything in the recession of the early 80's has changed my outlook on the world of finance. The expensive lesson learned was it is not " yours" until you hold a clear title.
IMHO a long run of easy credit and cheap money has artificially inflated the value of discretionary purchases. Being on the tail end of the "boomer" era I'll just be patient for the moment and wait.

Maybe I look at it completely wrong but I'd rather use the banks money at low interest and keep my cash. If economy tanks, worst case you let the bank have the boat and you still have all your cash.

"Michigan repossession laws allow the lender to collect the remaining difference from you if the auction price of the repossessed car or truck did not cover the full balance of the loan. This could include RV repossession, Motorcycle repossession, ATV repossession, Boat repossession, or even Airplane repossession in Michigan."

I ended up paying off a house I no longer owned--but that was long ago. YMMV in other states.

All day long in decent Chicago suburbs.