I am more comfortable paying cash but that knocks out a savings.
I have a 3.25% variable Home Equity Loan set at prime (no margin either it's prime)
Or one could go with a higher rate fixed loan for a boat (6% currently)
I not a fan of variable rates but this makes sense to me a the moment but if you were going to spend $45-75k on a boat how would you pay for it?
Does this change if I were going to commercial fish the boat? A Handtroll license is only $10k and then your boating becomes a business write off... fuel, boat purchase, and all.