ARE YOU BUYING A BOAT? HERE ARE SOME IMPORTANT QUESTIONS TO ASK YOURSELF
Buying a boat is an exciting but overwhelming process. Since there are so many options available in the market, it’s important to know your particular needs and boat preferences. To help steer you in the right direction, here are some questions you need to ask yourself when buying a boat.
WHAT WILL YOU USE THE BOAT FOR?
The type of boat you purchase will depend on a number of factors. The main thing to consider is your intended purpose. What kind of activities will you be doing? Will you use it for fishing, cruising, sailing or watersports? To determine the size of your boat, you need to ask yourself how many people will typically be on board. Is it for a couple of people only or the whole family? Do you have storage space for a big boat?
Your answers to these questions will give you an idea of what kind of boat to purchase. There are different types and models available, such as a bass boat, a sailboat, a dinghy and a ski boat. You also have to settle on the kind of power the boat delivers. Though an underpowered boat will be much cheaper, overworking the engine will lead to more fuel and maintenance costs in the future. Ultimately, you have to do in-depth research to determine the right boat for your needs.
WHAT IS YOUR BUDGET?
The next step in the boat buying process is figuring out your budget. You now know what type of boat to get, so knowing how much you can afford is next. Can you afford a brand-new boat or do you want to buy a used one? Another thing to consider is your payment plan. Can you pay for it a lump sum or will you apply for a boat loan?
Apart from the initial boat cost, there are a lot of additional charges you need to consider. Some of these are fuel and maintenance costs, licences, permits, storage space or trailer, insurance and safety equipment.
You need to make sure that you can afford the boat as well as all the additional charges. It’d be a waste if you did buy the boat only to find out that you don’t have the funds to use it. And there is nothing like being hit by a load of bills that you can’t afford. I know this mistake too well.
CAN I TEST DRIVE THE BOAT?
Once you have found the right type of boat for you, it’s important to see how it performs. If possible, take the boat on a test drive in water conditions that will be similar to your intended use. Pay attention to how it starts, accelerates and turns. You should also do a thorough inspection of the boat’s different components such as the engine, steering system, throttle, electrical components, propeller, hull, fuel tanks and batteries. It’s also worth noting how the boat handles being hauled from the water.
If you decide to buy a used boat, also make sure to check the floor condition, mileage and maintenance history. Make sure that the seller has all the necessary paperwork, as well.
HOW CAN I CLOSE THE DEAL?
In the final stages of the boat buying process, make sure that you’re dealing with the best dealer or seller. Check reviews of their previous sales, check all the paperwork and try to negotiate the best deal possible. It’s easier to negotiate when buying secondhand, that is for sure.
These questions are a good place to start your boat buying process. With so many possible options, it can be easy to become overly excited and overwhelmed – I know that has happened to me in the past. However, you have to remain calm and level headed throughout the entire process to avoid costly mistakes and land the best deal.
Is there anything else you can add? Share your thoughts below.