Cruising on the ocean is an experience never to be forgotten. Many people love to do this, however, do not know where to start and how to go about it. There is nothing nicer than watching the sunset aboard a vessel. If this idea grabs you, be sure to pay attention to a boating buying guide so that you purchase the right boat for your needs.
You will need to be certain about why you want the boat and what you intend using it for. Your budget will play a large role in the decision-making process. Some boats are ideal for oceans and others for rivers. You will have to assess whether you intend using for commercial, residential or leisure purposes. These are just some of the considerations that you need to make.
Create a detailed budget and do all the research possible to make sure that you buy the right boat. There are other expenses besides paying for the vessel. You may want to take out an extended warranty, and you will have to pay for insurance and storage.
While you may be planning on buying a pre-owned boat, you should still shop around for prices on new boats. Looking at new vessels will show you the new technology and designs. You will get an idea of the latest trends in naval architectures and the newest software and electronics. New vessels have state of the art MEP (mechanical, electrical and plumbing) systems.
One distinct advantage of buying a second-hand vessel, is that it is cheaper. Your insurance and monthly payment will be significantly lower. Boats depreciate much slower than other depreciable assets such as cars.
Going to a boat show will give you a good idea of what is available. Ask dealers any questions that you might have regarding buying a new or pre-owned vessel. This information will be invaluable to you in the final analysis.
Boat financing is available through dealers and banks. Some aspiring sailors will be happy to hear that interest rates on boat loans are trending quite low in the United States. Since you are dealing with lenders who are in the industry, they understand your needs. This means that loans are approved fast.
Lenders allow for added electronics, optional equipment and extended service plans as well as insurance with the purchase. This might also include buying a larger boat or one that is more powerful. You can also purchase all the equipment you need to make your boat safer and more enjoyable, or even a better trailer. There are several tax benefits to buying a boat for residential purposes.
An important tip that should be included in every boating buying guide is that you will need a boaters education course. Learning to skipper a boat is not difficult, but you will need to learn the rules and regulations. You may be able to find a dealer who offers on-the-water training or you could hire experienced boaters to teach you how to retrieve your boat, how to launch and how to dock.