Canuck57 wrote:
"Vic Smith" wrote in message
...
On Sun, 8 Mar 2009 10:37:43 -0600, "Canuck57"
wrote:

Me, I am delaying my boat purchase indefinitely. Will
just rent them.
Power boats are hellaciouly expensive to rent whenever I've looked.
Still a good option if you boat infrequently.

--Vic

Not really, say I rent one for $200/day for 6 days. That is $1200. Since I
don't have to tow it, less wear and tear with less fuel consumption. But I
will for arguments sake forget these points.

Now for a bass boat and trailer new, budget is $20,000 USD, in Canada that
would be about $40,000 CAD (not a very competative market).

If I put $40,000 into an investment yeilding 5%, 40% goes to taxes, that
leaves $1000. And say depreciation and maintenance is 10% of the total for
$4000, making $5000 per year.

Seems like owning is only viable if you are a resident on a waterway with
lots of time off. If you are 2-3 weeks renting is better.




Being one of the "Democratic socialists" you admire so much, I bought my
last half-dozen new boats for cash. I don't worry much about
depreciation on toys. I did manage to sell my 25' Parker for just a
little less than I paid for it, and after five years. Didn't take long,
either.

But...I do agree with your philosophy of boat rental. Makes sense if you
can rent what you want when you want to rent. Around here, it is fairly
easily to rent sailboats and trawler-type power boats.