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How to Buy a Boat Without Sinking Your Finances - Credit.com News (blog)
With the onset of warm weather, you may be tempted to plunge into boating, too. As it turns out, you don’t have to be rich to own a boat. The National Marine Manufacturers Association says 72% of American boat owners have household incomes of less than $100,000. But you do want to chart a sensible course for your money. Americans spent $36. 8 billion on recreational boating in 2013, the latest full-year figures available, NMMA says. That money went not only for new and pre-owned boats but also for engines, trailers, accessories and services, including fuel, repair, storage, insurance and taxes. Sales were expected to show a 5% to 7% increase when 2014 final figures are tallied and rise another 5% in 2015, NMMA says. In the first nine months of 2014 alone, new boat sales were up 9. 4% year-over-year, to 210,200 units, according to Info-Link , the third year in a row of sales gains after they had tumbled with the recession in 2008. America’s got 12 million... The owners may say “come on in, the water’s fine,” but the costs can poke holes in your finances, so study your options carefully. That may even include sailing off in someone else’s boat. Focus Your Search In 2014, the strongest sales came from new ski/wakeboard boats, pontoon boats, aluminum fishing boats, fiberglass runabouts and personal watercraft, NMMA says. Sales of larger cruising boats also started to see an uptick. What Will You Use Your Boat for. That should be your first question, experts say. Fishing is the No. 1 answer, followed by tubing and water skiing, the NMMA says. Other top reasons include cruising and sailing. Buy the simplest, cheapest boat for your use, Money Talks News financial expert Stacy Johnson says. com ‘s interactive online guide starts with your expected activities. Do You Really Have Time to Enjoy Your Boat. Money Talks News founder Stacy Johnson’s 30-foot cabin cruiser sits on the water just 20 feet behind his office, but he has said he only gets.
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John Kretschmer is a professional delivery skipper with over 200,000 bluewater miles.
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How to Buy a Used Boat. Many people enjoy using boats for recreational purposes, such as fishing, family fun, or relaxation. However, before you can appreciate the ...
How-To-Buy-A-Used-Boat.com - Buy a Used Boat Home
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How to Buy a Boat Without Sinking Your Finances Depreciation on a used boat kept in good condition should level out with proper maintenance and equipment improvements. Before buying used, Stacy says, have the boat checked out by a professional, who may be found through the National Association of
BoatUS debuts online boat-buying guide The new free online boat-buying resource provides information and tips on such topics as how to buy, where to find a boat, what to look for and buying a new boat, compared with a used one. “We've been helping people navigate the sometimes choppy