Spending your summer days on the water fishing or relaxing with loved ones is something countless Americans look forward to. Owning a marine vessel affords these lucky individuals a luxurious and exciting lifestyle. If you’re interested in becoming a boating enthusiast, check out these helpful tips for purchasing your first boat.
Craft a Hard Budget
Budgeting is tricky for anyone, especially those interested in investing in an expensive marine vessel. However, it’s essential that you craft a tight budget before looking at potential boats at your nearby dealership. First, determine what type of vessel you are interested in purchasing relative to your needs.
For example, a pontoon boat is quite affordable (15,000 dollars–50,000 dollars) and ideal for families who like relaxing and swimming while boating. Alternatively, deep-sea fishing boats run anywhere from 25,000 dollars–150,000 dollars and are better for fishing enthusiasts. Sailboats typically cost 12,000 dollars or more, while speed boats often cost at least 75,000 dollars. Once you determine your ideal type of vessel, you can craft a reasonable budget and simplify the purchasing process!
Scope Out Your Options
There are so many resources at your disposal for researching a large variety of boats to determine the most valuable deal. First and foremost, online searches are a quick and effective way to learn more about marine vessel specifications and customer reviews. However, visiting a boat show is the best way to research your options. These events showcase many different models of ships to large audiences, giving you the perfect opportunity to see them in action. Finally, visit your local boat dealerships regularly to get a first-hand feel for potential purchases. Once there, a salesperson can help you narrow down your selection to find the perfect model.
Remember the Costs!
It’s important that you consider all boating expenses before you sign on the dotted line! Aside from the large upfront investment, boat ownership is expensive and full of irritating costs. Elements like boating fuel, insurance, fishing gear, docking fees, off-season storage expenses, and repairs all eat into your savings throughout the lifespan of your marine vessel.
Even small tasks like maintaining boats during the spring are expensive. Of course, the trade-off is that you have full ownership of your watercraft and the freedom to go boating as you please—if you’re comfortable with the attached expenses, you can finally purchase your dream boat!
Remember these helpful tips when purchasing your first boat to ensure that you make a smart and successful investment. Then, enjoy your purchase by hitting the water with friends and family!