Boating and Sailing.pdf - Moja ladja

What Kind of Boat Will Your Money Buy?
Payments on a $1,000 Canoe at 10 Percent Interest
Chapter 1: Welcome to the Wet and Wonderful World of Boating!
Term Monthly Payment Interest Over Full Term
60 months $21.25 $275.00
120 months $13.22 $586.40
180 months $10.75 $935.00
Payments on a $5,000 Bass Boat at 10 Percent Interest
Term Monthly Payment Interest Over Full Term
60 months $106.24 $1,374.40
120 months $66.08 $2,929.60
180 months $53.73 $4,671.40
As you can see, longer payments mean lower payments. But they also add up to lots more
interest—an amount almost equal to the principal in the case of the 15-year term.
Cash is usually the best buy on any depreciable asset, but if you can’t manage, the longterm
payments make it possible to enjoy the boat of your choice within your budget.
I own two boats because, for me, one is never enough, and sometimes two are not
enough. I have owned as many as seven boats at one time, until the zoning people
came knocking.
The problem, as you soon discover when you get into boating up to your chin, is that
the boat that’s just right for a solitary paddle into a yard-wide tidal creek where the
scarlet ibises nest is a bit overwhelmed when you try to cross a 25-mile-wide bay with
four or five aboard. That’s why many long-time boaters wind up with a backyard that
looks like a boat basin.
However, there are lots of single boats (and maybe even a few married ones) that will
meet the needs of most beginning boaters. The problem is, out of all the thousands of
designs and sizes, which one will be the best fit for you and your crew?
Maintenance Costs
Bet You Didn’t Know
If you opt for a 15-foot fiberglass canoe, maintenance costs won’t ever be a concern. But
the larger and more complex the boat you buy, the more you have to anticipate an annual
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