As my friendly boat broker says . . . "You don't have to be a millionaire to live like one . . . just afford the monthly payments!" Frank Walczak 'Felicity' C&C32 Victoria BC
On 2012-12-13, at 9:16 AM, Robert Abbott wrote: Wal: A 'never, never loan' is a loan you never pay off......find your boat, finance it, pay the 'interest only'.....that's a never, never loan. Some sailors here got together, financed a new Beneteau 32, I think, with a never, never loan, partied on it for a few years and then sold it. Of course, they were on the hook for was the difference in the initial purchase price and the selling price but for the time they enjoyed the boat, they made no principal payments. I didn't say never, never loans made financial sense! Bob On 2012/12/13 12:57 PM, Wally Bryant wrote: > What's a 'never never loan'? Somehow that reminds me of Mary Martin > playing Peter Pan... > > Wal > > you wrote: >> find the boat you want and buy it with a 'never, never, loan'. > > _______________________________________________ This List is provided by the C&C Photo Album http://www.cncphotoalbum.com [email protected] _______________________________________________ This List is provided by the C&C Photo Album http://www.cncphotoalbum.com [email protected]
