They Say “never Buy a Boat” but What Do They Know?
The call of the water is strong in some people. Whether you are a fisherman, a diver, a marine lover, or just someone with some extra cash to spare, boats call us all. “Boats are a bad investment” we have all heard it before. While it is true that ships don’t appreciate in value, like cars, they do have their benefits.
Here’s the thing, you should always know what you’re getting into. People who say buying a boat is a waste of money don’t use their boats. If you have enough capital, time, and will to use one, then a ship can be a smart decision. Here are a few factors you should consider before buying one.
Take a Test Drive
Most of us have been driving cars our whole lives. When we are ready to buy a new one we know what we want. Unless you have had the luxury of being around a marina growing up, then it is crucial for you to feel out different types before you buy.
Get to know your preferences and how different types and sizes handle. You can try to make friends with other boat owners and hope they let you drive or you can consider finding a company that offers a boat rental service. This is a great way to try out many different makes, models, and sizes.
Know What Kind You Want
Sailboat, yacht, motorboat, houseboat, or fishing boat? Freshwater or saltwater? Boats are not one size fits all. It is essential to know what your primary use for the boat will be as well as what you may like from it long term. If you are looking for a good boat to take fishing but you have also always dreamed of sailing through the Panama canal then perhaps a small-sized yacht is your best bet.
Every boat is designed for a specific purpose. You will be happier with your purchase if you know what you will be using it for in the future. Don’t make a hasty decision just because of a flashy paint job or a decked out minibar.
Used or New?
Remember earlier when we said that boats don’t appreciate in value? This is why this question is a big decision. A used boat means you save a lot of money. A new ship means you know where it’s been. Like a car, you will have to choose wisely between the two. Most boats come with warranties, even used ones may still be covered. The trade-off is you never know what it’s been through when you buy used.
Insurance for your vessel is also a consideration. Used boats can usually be covered for less than a brand new model. If you choose to buy used it would be good to bring along an expert to check out every before you commit. Don’t make a hasty decision; know what to look for in a used boat.
At the end of the day, buying a boat may not always be the best way to spend your money, but it may be one of the best choices for you. Remember to consider your choice from every angle before you drop money on it. Test out some boats, get to know the competition, and choose the right boat for you. That way, you will never have buyer’s remorse.