Take out a $75,000 loan in cash and dump the cash into the nearest body of water.
Then, when you want to actually go out on a boat ride, charter a boat and consider yourself lucky you don't actually own one of these moneypits.
The day he buys a boat, and
The day he sells it!
No kidding. I only enjoy going out a couple of times per year. For a few grand, I can have my hands on a boat that's worth over 100 times that, and I don't have to deal with upkeep.
Your on target there Sam.
We used to take out the CEO of a Boston investment group. He would come out with us alone, about 6 times a season. We asked him why he didn't bring others,since he was paying for a 6 person trip. He would say he didn't want anyone getting seasick and causing us to go in early.(We fished offshore in some pretty rough stuff a lot of times. He wanted to go on certain day and if it was rough so what. He could take it.
We asked him why he didn't just get his own boat, which he could easily afford and he said it wasn't worth is in the long run moneywise or aggravation wise. He fished all over the world and you can't bring your boat with you. So he was glad to charter. - tom
Rule of "F's": If it flys, floats, or F&*#ks, lease it.
A boat is a hole in the water you pour money into. I know I have poured money into quite a few holes.