OK, you’ve worked hard and done well, but stopping to smell the roses isn’t what you want to do to celebrate — you want to have some fun!
Maybe go messing about in boats, snowmobile the winter away, or follow the Lewis and Clark route on a motorized “personal watercraft.”
Today’s sports toys cost big, big bucks, so before you take the plunge, devise a buying strategy that fits your lifestyle and budget.
“Remember, these are personal items, so they’re going to be costly up front and you’re going to pay a higher interest rate because you’re buying a luxury,” warns Ralph Guthrie, sales manager of Brookside Marina in Naples, Fla.
Let’s consider your options and look at some examples.
• Dealer financing: For as little as 10 percent down, you can be in action, but you’ll need good credit and several years of credit history to get a good interest rate. (more…)