If you can take some time to reconsider rushing into that amazing boat deal and consider all the money you could save up front, you will be able to stretch your money much further. Consider for a moment all the costs with operating a boat outside of the initial cost, from marina fees, storage, winterizing, repairs, maintenance, a trailer, safety equipment, fuel, insurance, and licenses, now is the time to start looking for ways to save money before you head out to find that boat or yacht for sale.
The following tips will ensure you still get a great boat but that you get to keep some of the green stuff in your pockets too.
Start calling around to local marinas to see what they charge per month to keep your boat docked there. Depending on the facility, the price can be drastically different. It might be worth it to drive a few extra miles to save a few hundred dollars a month. Compare this to the price of getting a trailer and just taking the boat out of the water each trip.
Before you write that check, take in a local boat show and really immerse yourself in this lifestyle for the day. Not only will you hear about great deals from the manufacturers on hand, the variety may sway you to going with a different style boat that is much cheaper than the vessel you had your heart set on.
Pay close attention to Craigslist or the classified ads in your local paper. These ads are from people who may have only owned the boat a few months but need to get out of the deal for whatever reason. This is your chance to really negotiate a good price if the boat is to your liking.
If negotiating a price with a private seller, take a look at all the accessories they have already purchased and see if you can get everything for one low price. Many times in the excitement of getting the boat, this first-time owner will spend a fortune on a new trailer, safety equipment, fishing gear, upgrades, stereo system, and toys for the water.
Buy small first, if you find you love everything about boating, then you can easily sell and move up to a bigger boat later. It is harder to buy big and then find an eager buyer to get you out of the deal.
These money-saving tips for getting your boat will allow you to make the most of your boating experience and still have all the things you need to create those cherished memories.