Maybe it's my finance background but I would have to disagree with everyone bashing paying interest. I would say it's your BEST option.
With interest rates so low it's practically free money. Why shell out $10,000 cash when you can ammoritze over 10 years @ 2.99% ( the interset rate I was recently given)
Your cash flow will be much better which is what spending power is all about.
Keep that cash in your pocket, after all - cash is king.
The problem with paying the cash for something, once it's gone, it's gone.
Or better yet, invest that $10,000 into something that will grow, weather it by land, stocks, or a rental house/property which is my favorite. Your gains on this investment will out weight your fish house "investment" by a Looooong shot.
For a 10,000 loan at 2.99% you aren't paying anywhere nea double the loan - Around $11,400 when said and done. Also you can always take out a loan and request cash when going to make teh purcahse and negotiate.
I can see how others hate having that debt on their personal balance sheet but just my