New or used: Why I bought a new boat

Article Abstract:

A sailor explains why he opted to buy a new boat rather than compromise on a used one even though it was available at a lower price, with well-tested systems and a proven design. He concludes that while used boats have their advantages, they could not compare with the warranty, the good dealer support and the attractive equipment incentives offered on a new boat.

Management dynamics, Practice

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Money matters

Article Abstract:

The annual percentage rate (APR) on the unpaid balance of a 15- or 20-year boat loan in some areas of the US is lower than comparable financing for a house, making buying a boat a smart decision for some. A discussion on some of the essential facts about boat-financing that prospective buyers must keep in mind before they sign the promissory note is presented

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Boat partnerships

Article Abstract:

A boat-owning partnership can be an ideal arrangement for people who dream of owning their own boat but are deterred by the purchase price, dockage, and operating and maintenance costs. The key to a successful boat partnership is to know and understand what is expected of each partner and to put the rules of co-ownership in writing.

Public affairs, Social aspects

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