Are you thinking of buying a fishing boat or any type of water craft for that matter?
Here are some very handy tips that will keep you from getting burnt.
Boat Buying Rules
* Always be aware of your budget
* Never ever buy site unseen
* Do you have room to store it at home? If not you may have to factor in marina or boat storage facility fee’s.
* What are you going to do with the boat – Fish, Ski, Cruising.
* Can your car handle towing the boat over long journeys.
* Consider if you prefer to purchase through a dealer or private seller.
* If you’re going to keep the boat forever - buy new
* Before buying a used boat, acquire a sea trial and have it surveyed
* Second Hand boats generally come with nice add-ons that a new boat buyer would have to shell out for.
*Always finance a depreciating asset, and invest your cash to offset. This will save you thousands over the years.
* Try not to keep up with the Jones’s. Get what you need within your budget.
* If you’re not sure about purchasing a boat– buy used
* No point in having a boat if you’re not going to use it
* A used boat represents better value as most new boats can lose half their value in two years
* First time boaters within 3 years will either stop using their boat or upgrade
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