<prompt> Human: I know everyone will tell me NOT to do this, but Ive already made up my mind about it. I will be buying my parents 2004 Malibu Wakesetter. Its a wakeboarding boat that is valued around 30k. I have just recently graduated from college with a paid for Masters degree, and have around 18k in debt from undergrad. I have a well-paying job, and will make at least 80k my first year. I split rent and utilities with my GF, so I am only out 700month. My car is all paid for. What is the best way to negotiate with my parents, secure a loan, and move forward with purchasing the boat?Thank you.  <response>: The two greatest days of a mans life is the day he buys a boat, and the day he sells it. That being said, Im not sure I would go the securing a loan route first - would you be able to buy it off your parents, paying them the similar monthly loan amount? As for the price, this is where things get a bit hairy and it depends. I always research before hand and thats the price I would offer, so if a similar boat goes for 28K, I offer 26K however as this is your parents, it could also damage your relationship with them by lowballing them. 