A boat is considered as an investment as the vessel itself has a significant value. On top of that, there is also the fact that you can save a lot of money when going overseas with your own vessel than taking the plane or ferry to get to your destination.
Even so, buying a boat is a decision that requires a lot of research. In fact, you should take your time in planning some of the things you need to do and ask before heading to the boat dealer since it can take a huge chunk of your family’s income.
So, without further ado, here are some questions you should ask before shopping for a new watercraft:
Before every purchase, you should first determine what you intend to do with the item. The same is true for boats. After you know how long you intend to stay in the water, ask yourself: “What would I do if I have a boat?”
Once you get the answer to this question, you should be able to draw a picture of what kind of vessel you should purchase. This will then help you decide if you’re going for a vessel with enough space to have a couple of people sleep in or if you would opt for something that is less bulky and agiler in the waters.
How much budget do you have to spare for your boat? This will be a critical factor in determining the type of boat you should buy. After all, you cannot stretch beyond the money you saved to avoid drowning in debt.
3. New vs. Used
After determining the maximum amount of cash you can spare, you should then find out if you are going for a brand new watercraft or if you’re okay with a used one. Used boats are considerably cheaper than new ones. However, new boats have the advantage of being in pristine condition, which may last at least 5 years from the date of purchase.
Where will you keep your boat? Storage represents a big percentage of your total boating expense, so you should make sure that you have thought about your options on this matter first before deciding on the type of boat to buy.
If you plan on trailering, make sure the storage unit fits the vessel. You can also opt for drydocking or marinas, but you should prepare for the higher cost.
5. Features and Equipment
What kind of features and equipment do you want the boat to have? For this part, used boats may be advantageous as they already have safety features installed. However, most new ones come with a warranty.