If you are considering getting a boat because you love the idea of being able to hit the open seas and create memories that will last a lifetime, you may want to take a step back and make certain you are aware of all the potential financial responsibilities you are going to be dealing with before you grab your checkbook and buy that boat.
Consider the following boat buying financial tips from Boatmo.com before you make that decision:
1. Don’t assume the boat you see at the dealers is the lowest price, hit Craigslist, eBay, and your local classifieds too for boat for sale by owner. There may be a slightly used boat for thousands cheaper.
2. Shop around for boat insurance because prices tend to vary from location to location. Get onr quote and use that to compare.
3. If you are buying a used boat, see if you can get the seller to toss in some of the extras they bought when the boat was new. You could save a small fortune if the seller throws in life jackets, fishing gear, depth finders, radios, and possibly the trailer too.
4. If you are not going to be keeping the boat at home, then you need to start calling marinas to see availability and price. Keep in mind that many marinas will winterize the boat and store it in the winter, but that adds more to your costs so be forewarned.
5. Paperwork involved with boating can add up too. There is the boat license, the boat permits, insurance, and fishing permits and licenses too. Be sure to learn the rules of the water too, one ticket out on the seas could set you back quite a few dollars in fees.
6. Fuel costs are not cheap, and the more you drive the boat, the more you are going to be looking for that refueling station.
7. Just like your car, if you neglect paying for maintenance, you are going to find out quickly that repair costs can be huge. A small hole in the boat or a blown motor is going to really hurt you in the wallet, so the best thing is find a local boat mechanic and be sure to schedule regular checkups to save money in the long run.
Now that you know about the majority of costs involved with buying a boat, budgeting will allow you to get the most of this lifestyle and enjoy your time on the water for many years to come.