Most people think of boats as a sign of wealth, but you don’t need to be ultra-rich to buy your own boat. In fact, if you’re looking for your first boat, you have a few options when it comes to vessels.
But before you make the big purchase and get out on the water, there are a few things you should know. Check out this guide that will help you know what to consider when buying a boat for the first time.
What Is the Use(s) for Your Boat?
The first question you should ask yourself is what you will use the boat for and where you will use the boat. This will help guide you in choosing the right model and style of boat.
Do you like doing sports like tubing and water skiing? Or do you prefer recreation like fishing or relaxing with friends? Maybe you’d like to use your boat for a combination of activities.
With a variety of boat uses comes a variety of types of boats, styles, and sizes, so it’s important to do your research on the boat that will fit your needs.
Where Will You Keep It?
The next question you should ask yourself is where you plan to keep the boat.
Some people like to keep their boats at home, so they’re able to tow them behind trailers to explore many waterways. Others prefer to dock it at one marina.
Keep in mind the equipment you’ll need to tow the boat, the permits you’ll need to move it, and storage costs no matter where you keep your vessel.
What Does Boat Maintenance Look Like?
Many people may forget to factor maintenance into their boat budget, but maintenance is a large expense when owning a boat.
You’ll often have to perform both aesthetic and engine maintenance to ensure that your boat is ready to be on the water. There’s maintenance you’ll have to do yearly, monthly, and even every time before getting on the water.
So, be sure you understand what the maintenance for the boat you’re interested in looks like before making the investment.
Should You Buy New or Used?
Just like a car, you have some options of whether you want to buy a boat that’s new or pre-owned. Pre-owned or used boats are much less expensive, though their value may have already depreciated.
Before buying used, it’s a good idea to have it checked out by a professional to assess the condition and value of the boat.
Your First Steps to Buying a Boat
Imagine summer’s on the lake, the river, or the bay with friends and family, fishing, eating, and listening to music. It sounds like a dream that most people believe is out of reach.
Buying a boat may be a big investment, but it’s not impossible with the right preparation and research. Knowing the answers to the questions above are the first steps to buying a boat and spending countless days on the water.
Are you ready to get out on the water? Contact our experts to find out how you can finance your new boat today!