Top 10 Tips to Buying a Boat

Whether you’re new to boating or have already owned a dozen boats over the years, the challenge of buying a boat can be one of the most daunting and exciting tasks that you will ever face.

Buying a Boat

Buying a Boat

1. Location – How big is the lake, or is it an ocean? Make sure your new boat suits the local conditions.

2. Power or Sail? – What kind of activity do you want?  Do you want to do one many? Racing, cruising, fishing, wakeboarding, waterskiing, or wine and cheese.

3. Skills Required – Do you want a boat that requires a crew or a boat you can freely handle on your own?

4. Mooring or Storage – Where it will be kept?  Will it fit the water depth, and how much will it cost to dock the boat?

5. Maintenance – Do you like to varnish or will you hose and go? Are you a do-it-yourselfer or will you rely on services to assist you?

6. Budget – Think beyond paying for the boat. What sort of taxes, interest rates on a boat loan, storage and other annual maintenance costs might be involved?  Should you consider shared ownership or partnering with a friend who has more boating experience?

7. Boat Valuation – What do other similar boats sell for?  Consider the depreciation, particularly if considering a new boat.  Depreciation on used boats that are kept in good condition should level out with maintenance and equipment improvements.

8. Sea Trial and Survey – Would you buy a car without a test drive? Get to know the boat, and enlist a marine surveyor to inspect its integrity and systems.

9. Boat Reviews – Boating websites and magazines offer a wealth of information and reviews on boats to help you find the right boat.

10. Right blend of style, speed and safety.  Start your search for your ideal boat for sale.

Comments

  1. Mark says:

    Thanks David for the useful information! These are good questions that anyone looking to buy a new or pre-owned boat should be asking themselves.

Speak Your Mind

*



";}