Interesting Points From The Boating Buying Guide
Tuesday, July 31, 2012
By J.m. Hess
For some people, cruising is a simply pipe dream. There are many people who dream of living on or close to the water enjoying the sunrise and sunset from this vantage point. If you dream of this lifestyle, you should get hold of a boating buying guide to assist you with purchasing the vessel of your dreams.This is a big decision for you to make and you may need all the help that you can get. This is especially the case if you are new to this type of activity.
Knowing exactly what you want is the first step to making your dreams a reality. Decide how much money you are prepared to spend on the vessel and the type of boat that you want to buy. Considering what you will be using it for will play a role here, as you will need a different boat for the ocean or the river. Whether you will be using it for recreational, commercial or residential purposes will also play a part.
Create a budget and do thorough financial research, as it will save you a lot of time. Ensure that you budget for insurance, storage, extended warranties and general maintenance.
Another consideration that you will have to make is whether to buy a pre-owned or brand new vessel. There are pros and cons to both options, and you will need to weigh these up. Second hand boats do not have the latest technology on them. Some new vessels are equipped with MEP (mechanical, electrical and plumbing systems).
The benefits of buying pre-owned means that you can get it for a lower price. Thus, the monthly payment will be lower, as will your insurance premium. After a certain period, the depreciation curve of a boat has flattened out, which means that the value will depreciate slowly.
Attending a boat show can be invaluable with regards to the information that you can glean from it. You can discuss the options with the dealer. This will help you to make a quality buying decision.Dealers are experienced in dealing with people who want to buy a new boat.
Banks and dealers can assist you with the financing of the boat. Currently, the interest rate on this type of finance is low in America. Lending institutions are looking for good business, so they will try to help you where they can. This means that you get an answer quite quickly.
Ask the finance manager to include all features in the loan application. These include additional equipment, electronics, service plans and insurance. You will then be able to buy a bigger and more powerful unit with the extra financing. If you want to live on the boat, be sure to ask about the tax benefits that apply to this.
It will be made clear in any boating buying guide that you need education on how to skipper, your new vessel. It is easy to skipper a vessel, however you need to be taught the rules of being on a boat. Dealers do offer courses to clients. Alternatively, there are specialist companies that teach skippers how to launch, retrieve and dock their boats.
Knowing exactly what you want is the first step to making your dreams a reality. Decide how much money you are prepared to spend on the vessel and the type of boat that you want to buy. Considering what you will be using it for will play a role here, as you will need a different boat for the ocean or the river. Whether you will be using it for recreational, commercial or residential purposes will also play a part.
Create a budget and do thorough financial research, as it will save you a lot of time. Ensure that you budget for insurance, storage, extended warranties and general maintenance.
Another consideration that you will have to make is whether to buy a pre-owned or brand new vessel. There are pros and cons to both options, and you will need to weigh these up. Second hand boats do not have the latest technology on them. Some new vessels are equipped with MEP (mechanical, electrical and plumbing systems).
The benefits of buying pre-owned means that you can get it for a lower price. Thus, the monthly payment will be lower, as will your insurance premium. After a certain period, the depreciation curve of a boat has flattened out, which means that the value will depreciate slowly.
Attending a boat show can be invaluable with regards to the information that you can glean from it. You can discuss the options with the dealer. This will help you to make a quality buying decision.Dealers are experienced in dealing with people who want to buy a new boat.
Banks and dealers can assist you with the financing of the boat. Currently, the interest rate on this type of finance is low in America. Lending institutions are looking for good business, so they will try to help you where they can. This means that you get an answer quite quickly.
Ask the finance manager to include all features in the loan application. These include additional equipment, electronics, service plans and insurance. You will then be able to buy a bigger and more powerful unit with the extra financing. If you want to live on the boat, be sure to ask about the tax benefits that apply to this.
It will be made clear in any boating buying guide that you need education on how to skipper, your new vessel. It is easy to skipper a vessel, however you need to be taught the rules of being on a boat. Dealers do offer courses to clients. Alternatively, there are specialist companies that teach skippers how to launch, retrieve and dock their boats.
About the Author:
Boating enthusiasts, you can find a summary of the reasons why you should buy a pre-owned boat in our boating buying guide, right now.
Posted byBertie at 3:43 AM
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