Motortopia: Where your passion parks

Motortopia: Where your passion parks.

Why Join Motortopia? Connect with other enthusiasts... Chat! Add Friends! Challenge! Private Message!

  1. cars
  2. bikes
  3. boats
  4. planes

Boats > tinahamilton’s Garage > Blog

 

tinahamilton’s Profile Photo

tinahamilton

F
Keene, California
United States

 
 

Buying a Boat? What You Should First Consider

By tinahamilton

Whether you’re paddling across a rough and tough river in a 10-foot kayak, setting sail to the Pacific Northwest to reel in fresh flounder or cruising along the salty ocean breeze of Southern California—boating is an indispensable pastime of what we love.

But if you find yourself itching to get in the water only to have your personal finances standing in the way, it’s time to recalibrate your thinking. It turns out you don’t have to be a millionaire to enjoy gliding along Mother Nature’s watery utopia; in fact, according to a recent study conducted by the National Marine Manufactures Association, nearly 70 percent of American boat owners are said to have an income of less than $100,000.

If you have your sights set on a boat purchase, there are several things to first consider.

Prioritize your Needs

Before you settle on a boating purchase, it’s imperative that you remain patient and utilize that theoretical consumer-savvy “handbook” to lead you to spending wisely. Ask yourself the following questions:

• Do you envision taking friends and family members aboard during most of your boating excursions?
• Are you an avid fisher?
• What are the environmental conditions in which you reside?
• Does the price of gas effect the amount of time you spend out in the water?
• What activities do you suppose you will partake in?
o Snorkeling
o Wining and Dining and/or entertaining guests
o Jet skiing/ tubing
o Whale-watching
• How often do you plan on taking your boat out?
• Will maintenance affect your motivation to consistently boat?

When you analyze the following questions, you will have a much better understanding of the purchase that best suits your lifestyle. Impulsively purchasing a boat without considering the following can lead to serious questions attuned with your financial situation.

When Buying a Boat, it’s Time to be Selfish

Considering a boat is an arguably life changing investment that may dramatically alter your currently way of living, you’d be foolish not to at least be a little selfish when finalizing a decision. When it comes down to it, it’s your boat; so, what activities best describe your reasoning for investing in the boat? Are you someone who is curious about isolated locations and have the urge to explore uncharted territory? Once you’ve blueprinted your specific intentions for buying a boat, you will have a much easier time settling on which boat best suits your lifestyle.

Consider where you will Store your Boat

A common mistake many boat owners routinely forgo to consider is where they will actually store the boat.

• Do you live next to marina?
o How much does it cost for the marina to store your boat on a monthly basis?

If you reside in a metropolitan area, storing a boat becomes even more difficult, being as though there is usually more competition for square footage in these areas; additionally, for those who reside in a rural locations, you may need to invest in a truck and tractor to haul your boat to its docking point, which is an additional investment that is relative to the size and weight of the boat. The bigger the boat, the larger and stronger the truck and trailer need to be.

New or Used

Just like most purchases, buying a used boat has a certain negative stigma attached to it; however, a used boat might be the only logical investment depending on your finances. And don’t be don’t consumed by the idea that a used boat doesn’t function properly or look as a good as a fresh-off-the-market boat. Many boat owners are known to flip their purchases without even having water touch the boat—so make sure you’re diligent about properly assessing the condition of the boat if you choose to invest in a used one.

How much Time do you Have on your Hands?

This seems to be the most common mistake boat owners endure, especially when you consider the amount a boat actually cost, working overtime or more hours on average may need to be mandatory to repay the large investment you’ve made. Be sure to calculate your current lifestyle and financial status (before and after purchase) to assess if you will even have enough time to enjoy your hefty purchase.


Image: https://pixabay.com/en/fishing-boat-pier-port-sea-boat-984239/

Buying a Boat? What You Should First Consider

By tinahamilton

Whether you’re paddling across a rough and tough river in a 10-foot kayak, setting sail to the Pacific Northwest to reel in fresh flounder or cruising along the salty ocean breeze of Southern California—boating is an indispensable pastime of what we love.

But if you find yourself itching to get in the water only to have your personal finances standing in the way, it’s time to recalibrate your thinking. It turns out you don’t have to be a millionaire to enjoy gliding along Mother Nature’s watery utopia; in fact, according to a recent study conducted by the National Marine Manufactures Association, nearly 70 percent of American boat owners are said to have an income of less than $100,000.

If you have your sights set on a boat purchase, there are several things to first consider.

Prioritize your Needs

Before you settle on a boating purchase, it’s imperative that you remain patient and utilize that theoretical consumer-savvy “handbook” to lead you to spending wisely. Ask yourself the following questions:

• Do you envision taking friends and family members aboard during most of your boating excursions?
• Are you an avid fisher?
• What are the environmental conditions in which you reside?
• Does the price of gas effect the amount of time you spend out in the water?
• What activities do you suppose you will partake in?
o Snorkeling
o Wining and Dining and/or entertaining guests
o Jet skiing/ tubing
o Whale-watching
• How often do you plan on taking your boat out?
• Will maintenance affect your motivation to consistently boat?

When you analyze the following questions, you will have a much better understanding of the purchase that best suits your lifestyle. Impulsively purchasing a boat without considering the following can lead to serious questions attuned with your financial situation.

When Buying a Boat, it’s Time to be Selfish

Considering a boat is an arguably life changing investment that may dramatically alter your currently way of living, you’d be foolish not to at least be a little selfish when finalizing a decision. When it comes down to it, it’s your boat; so, what activities best describe your reasoning for investing in the boat? Are you someone who is curious about isolated locations and have the urge to explore uncharted territory? Once you’ve blueprinted your specific intentions for buying a boat, you will have a much easier time settling on which boat best suits your lifestyle.

Consider where you will Store your Boat

A common mistake many boat owners routinely forgo to consider is where they will actually store the boat.

• Do you live next to marina?
o How much does it cost for the marina to store your boat on a monthly basis?

If you reside in a metropolitan area, storing a boat becomes even more difficult, being as though there is usually more competition for square footage in these areas; additionally, for those who reside in a rural locations, you may need to invest in a truck and tractor to haul your boat to its docking point, which is an additional investment that is relative to the size and weight of the boat. The bigger the boat, the larger and stronger the truck and trailer need to be.

New or Used

Just like most purchases, buying a used boat has a certain negative stigma attached to it; however, a used boat might be the only logical investment depending on your finances. And don’t be don’t consumed by the idea that a used boat doesn’t function properly or look as a good as a fresh-off-the-market boat. Many boat owners are known to flip their purchases without even having water touch the boat—so make sure you’re diligent about properly assessing the condition of the boat if you choose to invest in a used one.

How much Time do you Have on your Hands?

This seems to be the most common mistake boat owners endure, especially when you consider the amount a boat actually cost, working overtime or more hours on average may need to be mandatory to repay the large investment you’ve made. Be sure to calculate your current lifestyle and financial status (before and after purchase) to assess if you will even have enough time to enjoy your hefty purchase.


Image: https://pixabay.com/en/fishing-boat-pier-port-sea-boat-984239/
 

Boats > tinahamilton’s Garage > Blog

Print your passion at Motortopia.com (http://www.motortopia.com)