Originally posted by RDT-G23
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Everyone I personally know who has a Paragon or has one on order already has or is writing a check for it. If they did finance it's not because they couldn't pay cash, it's due to the fact their ROI on other investments is probably 10% or above compared to the 5.5-6% interest rate they are paying on the boat.
Dave Ramsey recently stated that the cost of your vehicle shouldn't exceed 50% of your yearly salary. I guess I am super conservative as I think that is nuts and I am car fanatic with owning over 60 vehicles in my life time. I wouldn't ever consider spending 50k on a car if I made a 100k a year; same goes for boats IMHO. With the good rates and long terms do I think you can spend a little more than possibly your cars; sure. However, I hate to see people put themselves in positions they probably shouldn't
Please keep us posted on your Paragon you have ordered! Can't wait to see it.
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