$75,000 boat
10% down payment ($7,500)
$67,500 financed (have to qualify to the loan)
Ave Loans payments = ~ $607 x 12 = $7284
Ave Insurance payments ~ $100 x 12 = $1200
Ave Storage fees ~ $350/mo x 12 = $4200
Ave Maintenance ~ $500
Ave hull cleaning ~ $500
Ave water toys ~ $500
Hassle of towing, cleaning, launching, etc..
Only 1 boat to use
Then have to try to sell it at the right time
Out of pocket in year 1 = $21,684
