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Old 05-20-2016, 12:16 PM   #466
BandB
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City: Fort Lauderdale. Florida, USA
Join Date: Jan 2014
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Quote:
Originally Posted by Carolena View Post
Great advice, John. We are also interested in hearing more about how you were able to avoid large depreciation losses on your past boats. I think every boat we've owned, we ended up selling for what we paid or a bit more, but they were all used, bought at a good price, and had a lot of work/upgrades done by us. While we didn't loose money on the purchase prices, there was a cost for the time, work, and parts that went into them. That said, it was all worth it as this is a lifestyle choice for us such that we are happy to put disposable income towards (as opposed to a large home, fancy cars, etc.).
I'm with you. I make money in business. I lose money on personal purchases. I know why. I don't think of making or losing money on them, just what they cost and if it's worth it to me. I never think of selling at the time of purchase. Of course I do keep everything a long time.
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