CaptainADK wrote:
Considering you are trading something for the boat and not laying out any cash, you could consider buying a 22-year-old boat but just know that you'll likely sink a fair amount of money into it. You have to weigh that with the notion of buying a newer boat and (hopefully) having fewer costly issues.
I was shopping for a used boat for about a year and then came across a really low interest rate at my bank, which motivated me to buy a new boat. Yes, I had to scrounge up a down payment and I'll have boat payments for several years, but there is major peace of mind having a new boat, warranties and recourse if something goes wrong. I'm not Mr. Fix It, so a new boat was a good fit for us.
If you do decide to get the '94 and you're not qualified to inspect it thoroughly, hire an inspector to do it right. It could save you thousands of dollars and years of grief.
I think the other question you have to ask yourself is would you buy or trade for a 22-year-old car? If the answer is no, walk away from this deal.
Not sure I'd want to 22 year old car, but I'd definitely take a 50 year old car, if that makes sense. I'm an automotive tech, so I like to think I'm somewhat capable, but I definitely plan to get an experienced set of eyes on it before I pull the trigger. I'm also planning to ask for a water test. I'm glad I posted here though, you guys are giving me a dose of reality and that's what I need.