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 When to trade off
#10112949
07/05/14 03:35 AM
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Joined: Jan 2011
Posts: 4,194
rxkid2001
OP
TFF Team Angler
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OP
TFF Team Angler
Joined: Jan 2011
Posts: 4,194 |
Would it be better to trade off my boat for a new one when there is a year left on the motor warranty or once it expires? I was thinking it might fetch more if there was some warranty left, but the increased equity from making more payments might offset that. Opinions?
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Re: When to trade off
[Re: rxkid2001]
#10113699
07/05/14 07:07 PM
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Joined: Jul 2010
Posts: 4,108
wh2004
TFF Team Angler
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TFF Team Angler
Joined: Jul 2010
Posts: 4,108 |
Unless you want to make payments the rest of your life it might not be a bad idea to keep it until it is paid off.
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Re: When to trade off
[Re: rxkid2001]
#10114864
07/06/14 02:49 PM
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Joined: Aug 2007
Posts: 436
Samarai
Angler
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Angler
Joined: Aug 2007
Posts: 436 |
most of the depreciation takes place the first couple of years of ownernship. probably the same time u still have some warranty left. Just something to consider.
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