Mar 02
Provided you merely must finance your acquisition, it’s a smart idea to use a home equity loan instead. This way, it’ll become tax deductible. Always be watchful for boat show financing, and never, ever take advantage of it. Many yacht show financing ploys (rendszergazda) will expand the loan out over the course of 10 – 15 years.
A new boater will either go forward with boating or get out of it all together. A large amount of boaters don’t cling on to their yacht for more than 10 years, which is motive enough not to get an extended funding loan on your yacht.