"Captain Joe Redcloud" wrote in message
...
On Wed, 23 Nov 2005 04:40:20 GMT, "Maxprop" wrote:


"Jonathan Ganz" wrote in message
...
In article . net,
Maxprop wrote:
I've done the math, Jon. You'll realize I speak with non-forked tongue
if
you do the math yourself. There is NEVER a good reason to finance a
depreciating asset, especially one not used for making money, if you
have
the cash to buy it outright.

It's just not true. Besides, as soon as someone uses the word "never"
in an argument like this, it usually means that there is no such
absolute.

I'm purdy good with dem numbers also.

Fine. Let's calculate an example. Let's say that a Beneteau 35s5 is
going
for $64k and you have a down payment of 10%. Show me how you are going to
save money, or at least not lose any, by financing the boat. We'll assume
you have sufficient money in relatively liquid assets to purchase the boat
outright.

I'm waiting.

Max


That's easy. You take take the value out of the boat by using and enjoying
it.
Boats are only depreciating assets if you don't enjoy them. The more value
you
take out in enjoyment, the better the investment.

I just love it when someone subscribes to the concept of touchy-feely
accounting. So does the bank.

Max