But unless you pay it off quickly, the interest rate on that boat might just sink you. Credit unions and community banks can take the whole bill and feed it back to you slowly at agreeable terms. If you own a home, this may be the most cost-effective way to finance your fun. If part of your plan is to keep your new toy in good shape, then resell it next year and get a big percentage of your money back, you may want to reconsider financing it. Well, apparently, millions would beg to differ.
Golf is believed to be the fastest growing sport worldwide.
And figure on paying with cash or a credit card. 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. The credit card has displaced any chance of us becoming financiers. To get a bargain on your first set, check into mega stores such as Sam's Club or Costco . A hole in the water Pleasure boating has been described as a hole in the water into which you pour money.