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Old 05-20-2019, 08:12 AM   #120
joey2665
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Default Hot Tip.........Big Boat......Coming Soon

Quote:
Originally Posted by brk-lnt View Post
I know tons of people financing million dollar boats. The prices on some used boats, particularly the high-demand center consoles like Freeman, don't follow the same depreciation curve and you can end up "owning" one of these boats for a few years with a lot less net out of pocket than you would think. I don't think this boat falls in that category (eg: it is likely to depreciate heavily the first year), it still would not surprise me to see it financed, not for "lack of cash" reasons, but for "cash management" reasons.
Very true. I was really more commenting that if you are worried about the payment amount to use the calculator you shouldn’t buy it.

Personally I would obviously if I could, buy a boat such as this definitely finance for cash management.


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