SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Venkie who wrote (288218)5/27/2004 10:45:22 PM
From: shoreco  Read Replies (3) of 436258
 
>> I want to buy a boat--maybe today or tomorrow..Don't know if it's compulsive or if I'll really like it <<

Buying a boat in the spring is suicide, buying a new boat is even worse...LOL...

I have 3 boats, a 36' MotorYacht, a 25' Walkaround, and a 13' center console for my kids...

I'd be better off lighting my money on fire...LOL...

Seriously, never buy NEW!! (unlike real estate, boat depreciation will make you sick)...

If you buy new today and "borrow" the money to do it in 5 years if you wanted to sell you will find yourself "underwater" on the loan...

OTOH, If you buy a 3-4yr old boat you will be getting a "almost brand new boat" at a 30% discount...

Good luck,

EOM
Shoreco

PS
You could always go down to the river/bay each weekend and toss in a couple $100 bills to get the same feeling as owning a boat!!!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext