Harry Krause wrote:
On 1/10/2007 11:54 AM, Short Wave Sportfishing wrote:
On 10 Jan 2007 08:31:36 -0800, "Chuck Gould"
wrote:

Short Wave Sportfishing wrote:

Is that over a year?

Couldn't be...
I don't think that $2000 is an unusual monthly expense for a guy who
lives where he can go offshore fishing every weekend *and* is including
his boat loan in the total. It doesn't take all that much boat to
require a monthly boat payment of 4 figures these days.

I have never paid for a boat with a loan.

It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.

That's why I asked the question.



A four figure boat loan?

Insanity.

It's either insaniity, or a $120,000 balance at 6% for 180 months.
($1012).
Lots of boat loans are for substantially more than $120,000.
Not so much for trailerable fishing boats, but getting up into the
family cruiser category it wouldn't be unusual to have a $120,000 or
higher loan.