Originally Posted by Cloaked
... You can sink another $5K into a boat easily enough on top of the 'great deal' price if it's trashed out. All sunken costs too.
The thing is, you can sink $5k into a well preserved boat too. All sunken costs. Now alot of that can be "upgrades" if you will, but there is great deal of stuff that "can be/needs to be" replaced on a 20+ year old boat.
Not everyone has the proper level of anal retentiveness (AKA MCOCD).
After all, you will be out on the water with your family in this thing. You don't want it to break down / and or sink with you on it.
The longer you plan to/decide to hold onto any boat (toy), the longer the costs amortize out as well. As the sage TMMC pointed out recently, we all walk the line on balancing present "needs" and future resale.
Keeping in mind that a brand new MC 190/197 is well north of $60k new. Its all relative in my mind.