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Do you own your boat?

  • I have a boat for pleasure and I own it outright.

  • I have a boat for pleasure and I finance it.

  • I have a boat for business and I own it outright.

  • I have a boat for business and I finance it.

Do you own your boat?

3180 Views 59 Replies 36 Participants Last post by  barnburner4444
I'm curious to know how prevalent it is to finance a boat or whether people tend to buy their boats with cash? I'm adding a poll and I'm going to set it such that you can't see who voted for what.
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I paid for my Beavertail and prodigy. Business bought the prodigy for bridge inspections.

The fact that I have enough to pay cash weighs largely on what boat I am gunna by.
 
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Really depending on what boat you have a debt payment on a boat can be a pretty affordable means of entertainment anyway. I remember wondering how everyone had a boat when I went to Florida, and when I bought my Beavertail they gave me a loan option and it was only like 240 bucks a month or something.
 
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@Half Shell I agree with that, but as a pessimist I always think tomorrow might not look like today. So I have always been one not to borrow even if I can get a higher return elsewhere.

@fishnpreacher It so crazy to think that people would pay 18 percent for a home loan, younger people(me) see anything over 4 percent as high!
 
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