To only pay cash sounds like a great deal but most working people just dont have that kind of money sitting around . In todays world if you waited till you had the money there may not be any fishing by the time you put it all together.
We bought a Sea Sport 1n 1994 ( it was new ) with a payment of 330.00 a month for 15 years @ 8% and I never regretted for a minute doing it . The final payment was last summer .
You can not put a value on all the good times and good people that would have been missed if we had waited not to mention filling a few freezers over the years with fresh fish.
It took another few years to rig it the way we wanted it with All the goodies including LCDTV for the kids but we don't Smoke and Drink very little so in the long run it was a Very inexpensive form of entertainment that the whole family can enjoy
The kids hated going fishing every weekend but as they got older they have boyfriends and now husbands who fish they look back on all the weekends on the boat and would not trade them for anything
Just a thought