Most financial advice would say buying any sort of toy on credit is a bad choice. There is some truth in that, you're paying interest to borrow on a depreciating asset, getting shafted both ways essentially. Add in a high interest rate and you can be upside down pretty quickly, especially if the economy slows and prices fall, owing way more than it's worth.
That said, a life lived without a toy here and there isn't one worth living IMO. Some people like to have a warranty and can afford the depreciation, and if someone isn't buying new stuff, there would never be a used market. There are a lot of guys that will buy new, sell when the depreciation is in the sweet spot and upgrade. When you break that method down to a monthly cost to own a brand new boat/truck/motorcycle, it's often not so bad and offers a lot more flexibility than a lease.
Debt is not always a bad thing either. Guys with deep pockets still borrow money, the interest on most loans is often far less than investing it, so it still comes out as a net positive for them. Borrow money, and stick their cash in an ETF to earn 11% every year. It becomes a problem if you are over leveraged and there is no cushion for hardships like job loss, illness, etc., that is where debt to income comes into play.
