matthewmiller01
New Member
- May 14, 2008
- 1,007
- Boat Info
- 2008 290 Sundancer
- Engines
- Twin 5.0 MPIs (DTS) w/ Bravo III Drives
Kohler 5 ECD
That's my question. Say I am upside down on my boat by ~$7000. If I have ~$15,000 to put toward the trade-in and purchase of the next boat, does it matter where it goes? By that, I mean, do I take the money and put all (or a portion) on the current balance and get the equity positive? Or do I just keep the negative equity in the trade-in and put it all toward the price of the new boat? Or does it even matter since the bottom line ends up being the same in the end anyway? I think it will all be the same and it won't matter either way, I just wonder if it matters where the money goes. This question goes for the sale, but also for the credit report impacts too (if it will matter). Thanks.