How to buy a boat
This summer is the perfect time to buy a boat; this guide will show you how. Here’s the ultimate boat-buying guide.
Step 1: Choose your boat type
Like automobiles, boats should be purchased with their intended uses in mind. Determine which water activities are most important to you. Also, research different boat types and ask your boat-owning friends to share their own impressions and tips.
Also, decide where you’ll keep your boat. You must purchase a trailer-able boat if you choose to self-store your boat.
Step 2: Decide if you want to buy a new or used boat
You can save a ton of money by buying a previously owned boat. Visit boating sites like boats.com and discover boating.com to check out used boats that are on the market. You might be pleasantly surprised! However, remember that just like used cars, insurance premiums, repairs, and maintenance may be higher for a used boat.
Step 3: Start boat shopping!
Sit down and list your priorities. Include all boat categories you will consider and then narrow that by your must-have features, ones you’d like, and ones you want to keep away from. Next, review the snapshots of the boats you’ve looked at, both in real life and online, and list those that fit all, or most, of your preferences.
Step 4: Narrow your choices
Sit down and list your priorities. Include all boat categories you will consider and then narrow that by your must-have features, ones you’d like, and ones you want to keep away from. Next, review the snapshots of the boats you’ve looked at, both in real life and online, and list those that fit all, or most, of your preferences.
Now, let’s choose your boat!
Step 5: Inspect your boat
Once you think you’ve found the boat of your dreams, conduct a walk around and a sea trial. Inspect the entire boat thoroughly because you don’t want any unpleasant surprises once the deal is done.
When you’ve finished your walk around, it’s time to take her offshore. Your sea trial will show you what the boat is like out on the water. After the sea trial, ask to have the boat hauled because it’s important for you to see the entire boat before you buy it.
Step 6: Find out what’s included
Before you sign a contract, sit down with the seller to discuss exactly what’s included in the sale. Request a list of all equipment that comes with the boat to ensure you’ve got it all.
Step 7: Seal the deal
You’re ready to make it happen! Assuming you’ll have the financial details worked out by now, all that’s left to do is sign the paperwork, and then the boat is yours.
Step 8: Purchase insurance and a trailer
Before setting sail, ensure your boat is adequately insured against damage. If you’re self-storing, you’ll also need to buy a trailer.
Now you know how to buy a boat! If you need financing, Elevate Credit Union or your local would love to help you! Finally! You’re ready to hit the water. Enjoy the ride!
