Boat lease?

Garcia · 04-23-2019, 08:18 AM

Just curious - why don't boat dealers lease boats rather than just sell them? My guess is that it would be popular. Less money down and the ability to "trade up" every few years.

It wouldn't make sense for me, just as leasing a car doesn't, but I am guessing it would make sense for many. Boat clubs are a great option for some, but it's not quite the same as having your own boat.

joey2665 · 04-23-2019, 08:22 AM

It is more than likely not the dealers that have an issue with leasing but the finance companies.

As we all know boats depreciate extremely quickly, even more so than cars and that would create a tremendous amount of financial risk for the banks thus increasing interest rates and shorten payout terms that really would not be too advantageous over a purchase.

04-23-2019, 08:18 AM	#1
Garcia Senior Member Join Date: Aug 2017 Posts: 609 Thanks: 136 Thanked 278 Times in 170 Posts	Boat lease? Just curious - why don't boat dealers lease boats rather than just sell them? My guess is that it would be popular. Less money down and the ability to "trade up" every few years. It wouldn't make sense for me, just as leasing a car doesn't, but I am guessing it would make sense for many. Boat clubs are a great option for some, but it's not quite the same as having your own boat.

04-23-2019, 08:22 AM	#2
joey2665 Senior Member Join Date: Sep 2008 Location: Meredith Bay & LI, NY Posts: 3,222 Thanks: 1,219 Thanked 1,009 Times in 649 Posts	It is more than likely not the dealers that have an issue with leasing but the finance companies. As we all know boats depreciate extremely quickly, even more so than cars and that would create a tremendous amount of financial risk for the banks thus increasing interest rates and shorten payout terms that really would not be too advantageous over a purchase.

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