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I was wondering if I could get some honest opinions here. I've been
boating regularly for the past 14 years, and I'm a boat owner currently. Can someone tell me what they think of this deal? I can get a 2001 Beneteau 411, valued at $175,000 for $6679 down, and $500/mo. This includes all dock fees, winter storage, maintenance, insurance, taxes, registration, outfitting the boat, etc... The catch is, I have to reserve when I want to use it and can only use it for any 21 days out of the season. They also will return my equity after a 6 year period. Does this sound like a good deal, given that my dock fees would be $160 a foot in NYC? Right now, I'm paying about the same for a 1988 Oday 302, but I get to use it all the time. What is everyone's honest take on this deal? Thanks in advance for your wisdom! Sean |
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Expected costs of ownership? | General |