New Boat Or Old?

New Boat or Old?

If you’re thinking of buying a boat, then you can look forward to the freedom of the being a boat owner. That said, it’s also a big investment and taking the plunge can be daunting. Remember that although it might seem expensive, boats hold their value well. So if you’ve made the decision to buy, you’ll now just have to decide whether you should invest in a new or used boat. Read on to find out the pros and cons of each.

Important Questions

Before looking for a boat, you’ll need to ask yourself a few key questions first. Where, for example, will you be using the boat? Will you be using it alone, or with others? How often will you use it? What will you use it for? What type of experience do you have? These types of questions will help you determine the size, type and cost of boat you need, so be sure to consider them before your search. If you need specialist advice or don’t know where to start, then using a boat broker such as is advisable. They can help you choose a boat that’s the right fit for you. 

Used Boat Advantages

Generally speaking, professional yachtsmen and seasoned boat owners will always choose a used boat over a new one. This is because you normally get more for your money, and experienced boat owners typically have a good idea of what they want. If you know and love a particular type of sports car, then you’re more likely to pick one up second hand at a better price. So cost is a big advantage of buying a used boat. You’ll also get a bigger boat for your budget, and it should already be well equipped.

Used Boat Disadvantages

The downside of buying a used boat is that you won’t have the protection of a warranty, and you won’t be using the most up to date technology. If you’re borrowing to buy, you might not also be able to use the best finance deal. However, a boat dealer or broker will normally provide a limited warranty, and they often also provide finance plans. You must also be sure to commission a marine survey to assess the safety and quality of any boat you’re considering buying.

New Boat Advantages

As with buying any new item, you’ll benefit from a comprehensive warranty, which will cover you for repairs. You can also more easily adapt the boat to suit your needs and the boat is likely to be cheaper to run than an older model. You’ll also have the peace of mind of knowing you have the latest technology on board.

New Boat Disadvantages

As with cars, your brand new boat can quickly depreciate in value throughout the first year, and the cost is obviously greater than a used model.

Conclusion

Only you can decide what the right choice for you is, but always do as much research as you can. http://www.ancasta.com/ state that the majority of boat owners who don’t get on with their boat have simply chosen the wrong boat for them – so always seek professional advice.

Wendy Lin is a freelance writer and entrepreneur. She travels with her family and enjoys spending time outdoors when the UK weather is nice and sunny.