Winnipesaukee Forum - View Single Post - Did I miss a memo with the price of boats?

caloway · 10-17-2014, 11:16 AM

I was looking at some boats this summer and noticed that the monthly payment estimates were all based on 5.5% over 20 years. With that kind of financing, you can get into a 50k boat for less than the payment on a Civic.

I look at it like college tuition. There's no way it's worth, 60k/year, but with tax breaks/credits and long-term debt, they can charge 60k because people can afford it.

10-17-2014, 11:16 AM	#12
caloway Senior Member Join Date: Jul 2009 Location: exeter, nh Posts: 73 Thanks: 4 Thanked 10 Times in 8 Posts	It's about the financing I was looking at some boats this summer and noticed that the monthly payment estimates were all based on 5.5% over 20 years. With that kind of financing, you can get into a 50k boat for less than the payment on a Civic. I look at it like college tuition. There's no way it's worth, 60k/year, but with tax breaks/credits and long-term debt, they can charge 60k because people can afford it.