Why Do You Want to Buy a Boat?
There are a few things to consider before you buy a boat, and among them, you should consider why it is that you are buying a boat in the first place. Take some to consider what you are actually going to use the boat for, before you make the leap of investing in one.
Are you going to primarily use your boat as a sailing vessel? And if this is the case, where are you going to take it sailing? What are the weather conditions of the place you intend to sail?
This is important because the average wind speed of the area will greatly determine what your experience is going to be like and will further hinge on the type of boat that you have. If you have a boat that is considered to be a “light day sailor” with small sails, for example, you will only want to use it out on small lakes.
But if you would like to be more adventurous and say, cruise around in the Caribbean then you would want a class of sailboat called a “blue water boat” in order to achieve this feat.
This is precisely why it is so important to buy a boat that fits in with the task at hand. You do not want to purchase a boat that is primarily unsuited for the locale in which you want to sail! This would be a quite self-defeating waste of money.
How Often do You Plan to Sail?
Along with the type of boat needed for your local waters, another thing to consider is how often you plan to sail in the first place If it is just a weekend warrior outfit that you are looking for then you may want to reconsider making a full purchase and instead simply charter a boat or even throw in with someone else for a co-ownership role.
If on the other hand, you are going to be using your boat frequently or even living in the boat you will want to make sure you own the vessel free and clear.
Who Are You Sailing With?
With ownership decided, the next thing you should consider is who will actually be taking the boat trips with you. Are you planning to go sailing alone or are you taking a partner? If you plan on taking your husband or wife, for example, you just need to be sure that they are as excited about the trip as you are.
It would be a real shame if you spent thousands of dollars on a boat thinking that you would share your retirement years with your spouse on the high seas only to learn after the fact that they get incredibly seasick! This would not be very conducive for your trip!
How Long Will You Have the Boat?
Also, consider how long you might actually own the boat. Would l you like to hang on to it for the rest of your life and then hand it down to your grandchildren? Or would you rather sell it fast and get a quick profit for your investment.
If you do wish to sell your boat at a later date, then you need to make sure that you take into consideration the depreciation that your boat will face through the years. Some boats actually depreciate at a slower rate than others do.
And it is a given that the new the boat is, the faster it depreciates. Just like with brand new cars, the second you buy them, these vehicles that are in perfect, pristine condition begin to show the first signs of wear and tear almost immediately. But if you know how to maintain what you have, then you should be able to at least hang on to part of your investment. These are all things that you should consider before buying your boat.