Boating is an extraordinary experience, and the idea of owning a boat is enthralling. As it is an expensive endeavor, many misconceptions are already there. Many people even think that buying a boat is just impossible. But the reality is boats are commonly available across the country at a wide price range, just like bikes and cars.
Additionally, the investment you make when buying a boat is less than you imagine. If you want to embrace the boating lifestyle, there are a few things that you need to keep in mind. Also, you need to understand the common myths about buying your first boat before actually doing it.
How to Buy A Boat In a Budget?
Buy At Auctions
If you want to save a lot of money when buying a boat, the best option is to purchase boats at auctions. If this is the first purchase, go for a used one. A new boat will cost you a fortune and will be heavy on your pocket. If you wonder where to buy a boat, here is a nice piece of news for you.
Cranky Ape sells boats at auction, and you can choose from many options. Shopping for a used boat will keep the loan interest costs away and help you save money on your first purchase.
Look For Financial Backups
When buying a boat, your income, credit rating, and the price of the boat will be considered. If you cannot afford to buy a boat in cash, getting financial help through a bank or other lenders can be helpful; just like financing a car or a bike, your credit rating matters. If you are eligible for loans, there are many financial organizations for used boats as well.
Buy According To Your Requirements
Most of the time, first-time boat buyers make a simple mistake: they buy a boat they like. They mostly forget about their personal requirements, especially in terms of size. While considering the right size, think about how many people will usually be in the boat and what kind of mass of water you’ll be boating on. A bigger boat is challenging to maintain. Also, sometimes buying two small boats is more cost-effective than buying a bigger model.
Common Myths To Ignore While Buying A Boat
You already know how to buy a boat within your budget, but it’s not only the finance that we deal with while buying a boat. Sometimes the myths about boat buying come in between the journey of purchasing a boat. And here are the most common myths you need to ignore during the process.
Myth 1: Boat Insurance Is Expensive
The insurance of a boat directly relates to the value of the boat. Sometimes the cost of insurance might vary based on different geographic locations of the same country. However, you will be surprised knowing that boat insurances are somehow equal to or sometimes less expensive than auto insurance.
Myth 2: You Must Not Buy A Boat If You Can’t Drive It
Well, you can take a boating education or safety course to get a solid foundation in boat handling. Remember that different states have different laws regarding boat safety. Check with your state or local authorities to know more about the regulations.
Myth 3: Boats Are Too Expensive To Maintain
Many modern families own powerboats as those require very little annual maintenance. Mostly you need to take care of the engine, oil, and filters to make the most of your boat. If you reside in a cold climate, winterize your boat to keep it protected.
Buying a boat is not as difficult as you think. The first step of purchasing a boat is to determine what type of boat you want. Check our website for exclusive deals and offers. You can also list your needs and compare your requirements with the boat specifications on the Cranky Ape website to determine the best fit for you.