So, you’ve decided to buy a boat! Buying a boat is a thrilling adventure that has the potential to change your life forever. Over 70 percent of the Earth’s surface is water so it’s time to take advantage of that and start going places you have never gone before. This doesn’t have to be going from port to port but can simply be finding great spots in your favorite lake that you have never seen before. The freedom you get while boating is a one of a kind experience.
The first thing to consider when buying a boat is the size. If you expect a full bathroom and kitchen, you are going to need a big boat and odds are, you won’t be pulling that with your trailer. A large boat often have a ton of bells and whistles and along with that comes many more electrical systems and consoles you will need to learn to operate and possibly be able to fix. Large boats also cost considerably more than smaller boats. If that isn’t a concern and you have a place to keep the boat, go for it. A large boat can be a home away from home and will make everyone very comfortable. Smaller boats usually have the basics. Think about the difference between a luxury RV and a fifth wheel trailer for example. While the luxury RV will have many more features, it’s pricey and costs a lot to maintain and operate. The smaller one is easily towed behind your vehicles and costs less but won’t have many features. You need to set a price range that’s realistic for your income and go from there.
The next thing to think about is whether to buy a new or used boat. New boats come with warranties and it can be fulfilling to know everywhere your boat has been and what work has been done on it as time goes by. Used boats are usually much cheaper depending on their condition but might need repairs here and there. It’s a great idea to get a marine survey before buying a used boat. This cost a little bit but can be well worth it. Both new and used boats offer many types of financing options.
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