Hi Matt, and welcome..
I used marac maracas a while ago, it wasn't an overly expensive boat,

Other than that type of company, the cheapest money is on you mortgage?, though if you take forever to pay it off, it might not be so cheap..

Agreed,  cheapest money at present, finance companies are very expensive.

Kind of agree with you spin King, lots of unknowns ahead. And the waitlist for a new build is stupidly long unless you buy something oddball or already made and sitting on a yard.

Mortgage is a cheap way of doing it in terms of interest rate, but only if you're disciplined and get it paid off ASAP. You don't want to spend the next 25 years paying off a boat. Over that period of time, the compound interest will make it a significantly more expensive way of borrowing.

Iwantasenator

Damn some good bottom line advice above...
 Yep mortgage, if your Term is about to come up and fix for longest period possible.
If floating, get the boat and fix...
Ave interest rate for the 40yrs before the recent record lows was 8%, and not long before that 12%...

If you want a boat and can afford the repayments, don't wait, just do it.

Yep, keep in mind a very old financial rule of thumb' going way back to at least Shakespeare's time
"Own at least 1/3 rd what you possess."  for security when the bad fiscal cycle rolls around again. Just make sure you have the disposable income to service the future loans
In the previous 12 months and current is it very much dajavu as to going into the mes of the early 70s, and again not long before mortgage rates hit 27% upto 32%

On the other hand,I /we have been very old school for the last 50 odd yrs..
 Other than a mortgage for a home, If we cant pay cash we save for it... if we didnt the money we would have saved for the next item goes on interest to the banks in Australia.
In other words if cant pay cash, work harder and longer and drink less... We have 3.5% unemployment level with  a 9% of those actually able to work..
Its opportunity time, just like back in early 70s...