Originally Posted By: Fullhouse
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


I agree that having a loan for a boat is not a big deal at all. If you are going to have a loan it is important to be buying a boat you will have for a long time and also get the best deal that you can. I personally am different than most people in that I can not stand having a car payment and refuse to but a boat payment I never think twice about. There are some really good deals on boats right now. I bought mine last year for $50,000 less then the MSRP. I paid what the dealer paid for it. Look around and if getting a loan choose carefully. Best rates are to be had by taking out an equity line of credit on your house if you can.