Never ever ever ever ever pay cash for anything that has a diminishing value.Car ,Boat,RV Horse,wife anything that decreases in value.

I hope Legend stays around, i think they are fine boats, I just don't think JM bought them to continue making them, i think he bought them for the facility, what does legend sell a year ? 175-200 boats, seems like they would be a draw against his other lines, who knows, its all about the money.

Probably gonna move Triton production there, kill legend in hopes of being able to fill orders someday. Wasn't there a minor drug test issue in Arkansas faculty?

LOL choose Triton over a Legend.. Not.

Triton sells a whole lot more boats, so JM would naturally shut down Legend to produce more Tritons

I'm lookin for some financial advice.
I want to spend 60k on a boat.
I am retired with a 7 figure tax deferred portfolio, get a small pension, and my wife makes enough to support the household.
If I withdraw from portfolio, I would need 90k because Uncle Sam gets 30 off the top.
If I finance at a low rate over a longer period, my money keeps workin and my tax debt is deferred.
Smart money is where the smart money is.
I think getting a new truck,car,boat,wife every year is not smart.
Paying cash for everything is not smart for people than understand how to manage money.
Rant over

Never buy depreciating assets with borrowed money. There fixed it for you.

Truth of the matter is all things in moderation. It's amazing how quickly folks forget how tough things can get. There were plenty of boats/houses etc... repossessed/foreclosed on in 2008 and more recently in 2015 in Texas. Just because you can afford a 800 dollar a month boat payment now doesn't mean you'll be able to when you get laid off, the economy crashes, or you get in a car wreck and laid up for 6 months.

Instead of borrowing 90K for most of us i'ts probably wiser to save up as much as you can, then buy a nice used boat with a sizable down payment and a small amount of borrowed money. Worst case you can always sell the boat to get out from under the loan, and because you bought used you'll have a lot less upside down losses to swallow.

For the guys with deep pockets though, have at it boys. You earned it!

I'm sure this scenario is the typical case for 99% of the members on this forum...I should specify that my comments are reserved for the very small percentage who may live paycheck to paycheck and are thinking of financing a boat for over 10 years at over 10%.

So you are living paycheck to paycheck. Can't get a loan at better than 10%. Giving financial advice.
My advice for the young, living paycheck to check. Pay yourself first. 10% of your gross. 401k , Ira ,
anything tax deferred. once you are used to that then spend your descretionary money how you want. Never stop paying yourself off the top. When you get older you will have a pile$

Wasn't there a minor drug test issue in Arkansas faculty?

Never ever ever ever ever pay cash for anything that has a diminishing value.Car ,Boat,RV Horse,wife anything that decreases in value.