Buying a boat is a huge investment and something that shouldn’t be done on a whim. This is why it’s extremely important to be smart when considering getting a new cruiser. Whether you already have a boat and just want a new addition to your water park, or this is your first time purchase. It’s key to think about certain dos and don’ts to make the best investment.
Do: Determine the size of the boat
When it comes to the size of the boat you’ll purchase, your allowed budget will be the primary deciding factor. There are several elements to consider while deciding the appropriate size for your boat, including people, towing, location and storage. Think about how many people you’ll be hosting on your new ride. The larger the party the bigger the boat you’ll need. When it comes to towing, it’s important to be mindful that the larger boats require heavier vehicles to transport them. Consider the size of the waterbody before you buy a boat. A somewhat larger boat would make more sense if you want to go boating on larger waterways. On the other hand, to cruise smaller canals you’ll need to purchase a smaller one. Storage is important too – if you’re keeping your boat at a private marina, keep in mind that storing bigger boats is more expensive.
Don’t: Buy a boat to keep up with the Joneses
Having a cool-looking boat will make you one of the coolest neighbours, however, don’t close the purchase just because you love the way that having a boat makes you look. Looks aren’t everything! Carefully go through the boat’s specifications and check whether your needs align with them. If your primary motivation for getting a boat is to have calm fishing weekends, getting a boat with an attractive deck will be a mistake. How will you gut your fish and destroy what makes your boat beautiful?
Do: Think about annual costs
Introducing boat ownership into your lifestyle comes with a cost. These costs are of course dependent on the type and size of your boat and how often you take it out of the marina – the factors which you should carefully go through before you settle on the purchase. Every boat requires annual maintenance, just like any other vehicle. A mechanic will check your oil, the engine, and other appliances, all for a certain price. You need to set aside some cash if you’d like to update important appliances such as the boat water heater, which is especially important to keep in mind if you are using your boat in cooler weather. Top-notch air and water heaters will make you and your passengers’ experience feel more luxurious and comfortable.
Don’t: Settle on the first boat you see
Looking at a few models from a few different manufacturers in your preferred size and pricing range is your best bet for the smartest purchase. As is the case with other major investments, the more boats you assess, the more experience you get and the more confident you will be in your final decision. If you decide to get the first boat you check out, you’ll never know what other beauties you may have missed by being an impulsive shopper.
Do: Get help from a yacht broker
Yacht Brokers Association of America is the most influential organization in boating standards and practices. Befriending a broker tied to this organization will ensure you get the bang for your buck. Boat brokers are specialized people, so it’s crucial to talk to those who are knowledgeable about the type of boat that interests you. When making a purchase a boat broker will be your representative and should research similar boats so you can make the best possible decision. Once the sale is completed, your broker will get a portion of the listing broker’s commission.