Would it be worth it to move up?

[Sardinia306Canyon]

You only know your financial situation so you should decide if it's wise to finance a boat, or not.

Last June i bought a 306 Canyon and i am very happy with the boat as she has what i need and want.
Options were beautiful 32 and a 35ft Carolina Classic or a GW 330 Express but i finally decided for the 306 Canyon because she has wat i want and i am able to use and dock her under any condition alone, and that matters most to me.
Second point was the higher cost of ownership, slip fees, fuel consumption and maintenance and repairs for a bigger boat what is in your case limited except fuel consumption will be higher.

A longer and wider boat has always benefits when she is in the water, but less benefits if she lives on a trailer and need to be dropped and pulled every day of boating or engine problems happen.

Chris

 

[Mustang65fbk]

im not saying that due to price, im saying that due to a home being a requirement and appreciating asset vs a boat being a luxury item and a depreciating asset. also, where are you finding homes for $115k? im not sure that would buy a single wide trailer most places

I'm not going to further derail a thread anymore than it already has been, and there is something called Google if you want to search for what you just asked. Lots of homes out there for $200k-$300k, or less, which is again in the price range of a lot of new Grady White boats, sometimes even used ones. To the OP, good luck with whatever you decide on doing. Let us know what you go with and post some pictures when you get a chance.

 

[Coastboater]

Go for it!
Life is too short to wish you’d bought a boat.
As to the financial side of things, purchase of deprecating assets covers most luxury items bought to entertain ourselves. I never looked at it that way. I looked at it from the cost of ownership view and can I own and have fun with it for a reasonable cost, whether it be a boat, car or whatever.
Had a chuckle from a very wealthy acquaintance the other day that volunteers at the same food bank my wife does. Paraphrased, “I have more money than I can possibly spend, but I’m still going to try to spend it all!”

 

[drbatts]

Go for it. Do it while you can and enjoy. Upkeep and Maintenace is not going to be much different than your current boat.

 

[Fishtales]

I love the folks saying go for it! It really comes down to your financial situation as someone stated. You have to factor the knowns (what you have, your spend, your income etc), then there are the known unknowns that you have to factor and finally the unknown unknowns. It's a financial decision that needs to be thought out vs just do it. Again, just my 2 pennies but your approaching or in retirement. Things happen that are in your control (this being one) and things that you have no control over. Make sure the former is well thought out is my advice.