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How come you can't lease a boat like you do a car?

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How come you can't lease a boat like you do a car?

Old 09-12-2015, 09:37 PM
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Default How come you can't lease a boat like you do a car?

This may sound like a stupid question but why don't they have boat leases as they do cars? I know many people are against leasing cars but for me and my family we've always owned one car and lease the other one and it works for us. There's no maintenance on leased cars and we get a new one every three years. I know the dealers make a lot more money with leasing then buying so why wouldn't it be the same for boats. I would imagine some people would love to have a new boat every say five years and be maintence free. I know I would.
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Old 09-12-2015, 10:46 PM
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You can, Freedom Boat Club is one of the companies.



Originally Posted by Peteroc317 View Post
This may sound like a stupid question but why don't they have boat leases as they do cars? I know many people are against leasing cars but for me and my family we've always owned one car and lease the other one and it works for us. There's no maintenance on leased cars and we get a new one every three years. I know the dealers make a lot more money with leasing then buying so why wouldn't it be the same for boats. I would imagine some people would love to have a new boat every say five years and be maintence free. I know I would.
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Old 09-13-2015, 02:38 AM
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It is all about residual value at the end of the lease. Boat depreciation is much higher than a vehicle so the cost to lease would likely be higher than the cost to finance. In addition boats are subject to much harsher conditions and will deteriorate much faster than the average vehicle. My .02
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Old 09-13-2015, 04:54 AM
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Cars are virtually bulletproof. Change the oil 1x per year and that is about it for the first 3 years 50k mi.
And, that is about all people who lease do.
Can you imagine what a leased boat would look and run like after 3-5 years in salt water environment?
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Old 09-13-2015, 05:59 AM
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Yamaha started a "leasing" program for waverunners under the same concept.

I just checked.. at 36 months the lease has a residual value of 35%. At 48 months, it has a value of *** 10% ***. Sounds like they have baked in wear and tear pretty well into those numbers.
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