Thread: Financing.....
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Old 11-13-2015, 06:26 PM   #10
GFC
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City: Tri Cities, WA
Join Date: Nov 2012
Posts: 4,406
I'll throw out a 'counter point' to the argument that if you can't afford to pay cash you shouldn't buy it...(whatever "it" is.)


With the low interest rates available right now, in many instances it does not make sense to take money out of investments to pay cash for a boat. The money that is invested can earn more interest income than what you would pay on the loan.


As far as tax deductibility, if the boat has sleeping quarters and a running water system and a toilet system the interest on the loan will be deductible as a second home.
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