Cash vs Financing

There are several options for boat buyers when making the purchase of a new boat on just how you should pay for it. Try to weigh your options making the best
informed decision possible.

Some special items you may want to consider:

1) You may be able to deduct the interest expense on
your federal income tax return for a loan secured
by a boat.
2) Your investment earnings may be considerably
greater than the interest cost incurred over the
anticipated life of a boat loan.

Paying cash for your boat may cost you more than financing. Keeping this money in your pocket gives you flexibility with your finances allowing you to take advantage of new investment opportunities. You should talk with your tax
advisor to see which payment plan is best for you.