Why Should You Finance Your Boat Instead of Paying Cash?

Your boat may qualify for the same IRS tax advantages that are available for your home. And by financing your purchase, instead of liquidating assets or paying cash, you increase your financial flexibility. This enables you to take advantage of attractive new investment opportunities as they come along…and the earnings from these investments can easily exceed the cost of your marine financing. In the end, your boat may cost less by not paying cash. Please consult a tax advisor for more information.