Even for $1500
I think your plan is the best. Especially as you can buy new for $1500. You will certainly enjoy the performance gain.
By the way I just received an email from FX...20% off plus free shipping on custom sails ordered by 12/15. It is probably a good time, with the economy down, to buy sails if you have the resources yourself.
Thankfully, my Wife not only cleared the boat upgrade this year, she also later said "I'd rather see you spend more money on a boat for a slightly higher payment than buy something for $10K you will have to work on every weekend." Little did she know that you can spend $20K and still work on your boat every weekend . :troll: Anyway, the plus side was buying a boat with a new main, decent genoa (recent restitching and a foam luff added), SH150C color GPS chart plotter, recent main cover and recent Fairclough boom tent (which I plan to deploy today). Ultimately, since I found a good broker who got me 8.0% for 12 years, the difference was only about $60 more per month for a much better boat than I otherwise would have purchased.