Quote Originally Posted by kaneboats View Post
Not the worst plan in the world. I paid cash for every boat I had before and kind of worked my way up to my first Moomba. But, I'm getting older and my kids are young now. I wanted it now so I financed some of it. Then I sold it and bought a new LSV-- financed a little more of this one. Still never going to be upside down in a boat though.
I think that's the best way to do it. The only 2 things we have financed that can put us in a bind is the house, because frankly i didn't have 200K laying around LOL. I did have my down payment and such.

Claudia's VW Passat TDI because its a Lease, no point in big down payments or over payments.

My truck as been a long string, i had the 06 F150 paid off in 3 years, traded it for the Black F350 Diesel. Paid 50% down. Then traded it a year later for the new rig and put 30% Down. I owe apx 10G less then its low value on trade in due to making slightly larger monthly payments then needed.

08 LSV i got for roughly 10G under sticker and put 5% down, made payments and kept it in the green. Sold it for enough to put 7% down on the new boat, plus the 15K down payment. Now the Mojo is very in the green and i really only plan to keep her for 4 years before i trade for the big kahuna super blinged out boat. That boat will be a long term boat as ill be in my mid 40s and plan to have some youngins.

In short i don't think it matters if you can pay it all in cash, make payments, or how ever you do it. Just keep the item worth more then you owe so you don't loose on it if you have to sell for some reason. People get into these discussions about paying interest, helping banks, helping the government, and what not.

You only Live Once, enjoy your life how ever you can. Don't be 70 and look back thinking man, if i would have taken a 15 year loan over a 6 year, i could have had my dream boat. Be the guy who is 70 and looks back at all the memories you had on those awesome days off.