Financing a Boat: Is it worth the trip?

by Betty Havre

Boats are expensive to buy; there is no way around this fact of life. It seems that if a bit of metal is bent into the shape of a boat its value increases exponentially. Financing a boat, is it worth the trip? Boats are, perhaps, iconic symbols for the wealthy and successful. I know that I don’t own one anyway. The funny thing is that I live on the river and have my own jetty mooring, but alas the boat has, up until now alluded me. I enjoy watching the birdlife above the mighty Murray River (mightier now than it was a while back), especially the majestic pelicans.

When a pelican comes into land, it is like watching a B52 bomber, the enormous wing span and structural size of both bird and plane are prodigious. Apparently, the only reason a bird as big as a pelican can actually fly is because its skeleton is honeycombed, making it light enough for its wings to get it airborne. But we were speaking of boats, weren’t we? The expense of boats, generally, and whether they are worth the bother. Many boaties love to fish and that is their main activity in their boat. Some boaties love to sail and their recreation time is full of the wind over the water captured in sail. But is financing a boat, worth the trip?

My experiences on ocean going yachts, though limited, has helped me understand the attraction to these Jonathon Livingstone Seagull dreams. The illusion of freedom, of being a solo sailor bobbing about in a lonely ocean, fires these individuals up to spend, literally, thousands of dollars on their boats. The sailor, the ancient mariner, is an archetypal human character; the salty pirate on the seven seas. Many men see themselves as this character and breathe the sea air, as if it was the nectar of the gods. Certain cavalier adventurers with few ties to the land might be looking for low doc loans to keep them afloat in this rarefied realm of peaks and troughs.

Financing a boat is it worth the trip? If you have salt in your veins there is no question to answer, as you are compelled to launch your skip. Whether she be fast and weatherly, or sleek and throbbing, the boat fancier unrolls his cash to keep her upon the water. No expense is spared by the captain, as he corks and cleans her bow and waxes her wings and keel. Having a boat is not a burden for these mates and midshipman it is their raison d’être.