What Do I Need to Buy a Boat?

Cuddy Cabin Exterior

There are about 12 million boats registered in the United States. Boats are a source of fun, providing the opportunity to spend time with your family and friends, go fishing, participate in water sporting, swimming, tanning, and all kinds of great year-round activities. If you are on the market for a new or used boat, there are a few things to keep in mind before you get started.

Keep reading to find out what you need to buy a boat and what to look for when buying a boat!

Discovering What Your Needs Are

The first step in buying is figuring out what your needs are. There are so many different types of boats and gadgets that come along with them. The best question to ask yourself is what the main purpose of your boat will be.

In addition, you’ll want to consider how many people you will have on your boat regularly. Consider both your friends and family. Also, keep in mind if you’d like to host any events on said boat.

Towing and storage play an important role as well. Make sure you will have the proper equipment and vehicle to tow your new boat. Think about what type of storage you will want for your boat too.

Research When To Buy

Wondering when the best time to buy a boat is? This will depend greatly based on the area you are in. Here are a few things to keep in mind when thinking about the best time to buy:

  • How new is the boat?
  • Is it a buyer’s market?
  • Are there dealer and manufacturer incentives?
  • Have you found the right boat for you?
  • Are there any local boat shows near you?
  • When is the boating season in your location?

Spring and early summer are a popular time to buy a boat in most areas because it’s right when the boating season is about to hit. If you want to secure a boat just in time, this is the best time to buy. However, you’ll likely get a better deal in the off-seasons. 

Budgeting and Financing

Your budget will likely have a lot to do with narrowing down your search for a boat. Remember to look into the cost of owning your boat after your initial purchase as well.

There are a few factors to consider about boats outside of the original price tag. This includes the difference between owning a new or used boat. A new boat will give you peace of mind backed by warranties and a fresh start.

Owning a used boat might be a bit riskier. You could end up putting a lot of money into fixing it up if something were to go wrong.

You also need to consider how you are going to finance your purchase. There are boat loans to look into if you are not able to pay upfront. 

What To Look for When Buying a Boat

There are lots of questions to ask when you are purchasing any boat. This is especially true when buying a used boat. Here are some to keep in mind:

  • Is there a warranty?
  • Can you test drive the boat?
  • Where has the boat been stored?
  • How long until I get the boat delivered?
  • Has the boat been serviced and is so, was it regularly?
  • Why are you selling?
  • Are there any issues with the boat?

Buy a Boat the Smart Way

It’s important to be diligent when you buy a boat. Ask as many questions as you can to ensure you are the best informed. Remember to have fun because you are on your way to adding a whole new set of adventures into your life. 

Considering an electric boat? Take a look at our Duffy Electric Boats!