Thread: Resale value
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Old 11-14-2014, 08:08 AM   #15
Binford
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City: Port Orchard, Wash.
Join Date: Feb 2013
Posts: 18
Jda, I'm contemplating a very similar thing. From what I can tell so far, you'd have to add up that maintenance cost on the boat, plus moorage fees, regular pumpout charges, electricity bills, laundry fees and hassles, in addition to the interest on the loan and the cost of the comprehensive insurance policy the lender would insist upon. Even if you got what you put into it at the end of the several-year period, I figured it would still be cheaper to rent a 2-bedroom apartment!

In my case (and I assume yours as well), you'd have to balance that with the value you get from the ownership of the boat and the experiences it allows you to have, that you wouldn't have were you to just rent an apartment.

Where were you thinking of mooring it? I'm kind of curious as a local guy....
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