I am not going to get 20% of the enjoyment out of an old boat, especially an I/O. I have been riding behind my aunts i/o for the past 10 years. I havent gotten nearly the enjoyment out of that boat than I have with the new one. Not to mention my main deal is surfing, and it seems the newer boats are really designed with surfing in mind, and the older boats are not. I guess if all I wanted to do was put put around, I could get anything, but thats not my goal.This is a fallacy, as you're assuming the only option is a $30k-$50k boat. You can get an inboard that is functional for as little as $2000, or just a working boat for a few hundred. You can get a nice inboard starting around $5000. There's no need to wait 5-7 years and pay $30k-$50k, it is not the only option, though if you act as if it's a $30k+ boat or no boat, then it's easier to justify paying all that interest.