Would you buy a cheaper boat with cash, or finance a nicer boat?
Hello! My girlfriend and I are beginning our boat shopping and I'm curious what y'all experienced sailors think about our possible budget options.
We got our RYA Day Skipper certs and decided this is a lifestyle we want to pursue. We sold almost everything and moved to Florida to start looking for our new home on the water. We're looking at 35-40ft monohulls.
I was originally planning a budget of roughly $60k USD, which will still leave me with a healthy maintenance/upgrade budget to get it ready for cruising. However, now I'm wondering if it would be prudent to finance a $150k boat that's a little newer and needs a little less work. I'll still be working my full time software job and would be able to pay it off within a couple of years.
Thanks in advance for any insight!