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