If you are trying to learn more about how to buy a boat, you are in luck! Check out our guide right here on the key things to do.
Nothing beats getting out on the water and enjoying the feeling of the breeze on your face during the warmer months. Buying a boat is one of the best ways to make sure that you can do just that whenever you want.
However, the actual price of a boat can vary greatly. It could cost you as little as $35 or as much as $4 million depending on the type of boat you’re interested in.
This means you need to take your time to make sure you’re able to buy a boat that fits your needs right off the bat without blowing your budget. Understanding how to buy a boat doesn’t have to be tough. Here’s what you need to do to make sure you’re getting the best boat for your needs.
Make Sure Buying Is in Your Best Interest
Buying a boat isn’t something you should do lightly. It’s a huge investment and throwing that much money down on a purchase is a big deal.
Before you rush out and start looking at boats, make sure that buying a boat is really worth it for you and your family. If you plan to get out on the water every weekend or anytime the weather is great, it’s worth the cost.
However, if you’re only going to be using the boat once or twice a year, you may be better off renting one.
Think about how you’ll use the boat before you commit to buying one. If you think you and your family will use it often, start looking at your options.
Set a Firm Budget
One of the hardest things for first-time boat buyers to do is figure out how much they’re willing to spend on their boat. That said, it’s arguably the most important part of the buying process.
Take a look at the amount of money you have saved up. Ideally, you’ll be able to pay for at least part of the boat’s purchase price in cash. Then, consider how you’ll pay for the rest.
If you’re buying a boat from a dealership, you may be able to use their finance department to find a good loan. However, if you’re buying a used boat from a private seller, it’s almost always easier to handle the purchase with cash.
Decide Between Buying New or Used
Once you have a firm budget in mind, think about whether you want to buy a new or used boat. There’s no right or wrong answer here. It’s a matter of personal preference and how much boat you can afford.
If you want to keep things as affordable as possible, buying a used boat will always be a good option. Just make sure you choose a used model that the previous owner maintained and cared for.
For buyers looking to get the latest and greatest technology with the best options included, new boats are the best choice.
Think About How You’ll Use It
There are many different types of boats on the market and some are better suited to certain purposes than others. Before you start looking at different models, think about how you’ll use the boat.
Are you planning to go water skiing with the family during the summer or do you want to go for day-long fishing excursions? Does speed matter more to you than comfort or do you want to be able to enjoy the water without kicking up a huge wake?
Once you identify how you’ll use your boat, you’ll be able to target your search more effectively. Look at boats that are purpose-built for your preferred water activities. This way, you won’t end up with a boat that can’t perform the way you want it to.
Make a list of the Features You Need
Most buyers choose to accessorize their boats with equipment and tools that make their time on the water more enjoyable. Ultimately, this can impact your total price tag, so it’s best to make a list of the features you want and the ones you absolutely need.
For example, if you’re planning on buying a party barge, upgrading the sound system with a high-quality marine grade amplifier is an absolute must. However, if you’re using the boat for fishing, investing in radar systems and onboard storage solutions for tackle and gear is ideal.
Look at Boats in Person
Whenever possible, try to look at boats in person. This gives you a chance to visually inspect the hull for damage and check the seats for wear and tear if you’re buying used. If you’re buying new, it’s the best way to make sure the boat is right for you.
Get behind the wheel and make sure you’re comfortable with the way it feels. If think the proportions aren’t right or you’re not comfortable with the boat, keep looking.
Remember, it’s best to take your time and look at many different boats before you commit to a specific model.
Don’t Be Afraid to Negotiate
Buying a boat is a lot like buying a car. Dealerships and sellers often expect you to negotiate on the price before you come to an agreement.
Use this to your advantage. If you notice damage, point out those issues and see if the seller will either get them repaired or lower the asking price. If you’re at a dealership, be blunt.
Ask if it’s really the best price and don’t be afraid to negotiate back and forth before you agree to a number.
Now You Know How to Buy a Boat
This guide should take the mystery out of how to buy a boat. Run through each step and you’ll be able to find a great boat that fits your needs and your budget.
Just remember that it’s okay to take your time. Don’t rush the process and make sure the boat you’re interested in will do what you want it to before you pay for it. The last thing you want to do is invest in a new-to-you boat only to have to sell it a few months down the road.
Looking for a few tips and tricks to help you keep your boat in great condition once you buy it? Check out our latest posts for more.