As summer approaches, you think longingly about how much fun it would be if you had a nice, fancy boat so you could pack up your gear and go for early morning fishing. Or you could take a leisurely afternoon ride, away from all the hustle and bustle of city life. But as you well know, buying a new boat is really costly and pocket-draining. However, don’t be discouraged. There are ways you can find relatively cheaper boats, and turn your dream into more than just wishful fantasy. Finding cheap boats is not that hard. You can still get the dream boat you want and save a lot of money at the same time. There are three simple ways you can turn this dream into reality.
First, buy a used boat. Like cars, once the initial purchase of a boat has been made, the value for it becomes depreciated. So even if the boat has only been lightly used for a year or two, the price for it becomes considerably lesser than its original buying price. You can get yourself a really good bargain when buying a boat that has been lightly used for 2 to 3 years. Refrain from buying really old boats because old boats tend to eat away at your pockets with their high maintenance and repair costs.
Aside from used boats for sale by owner, you can also look into salvage boats that are for sale. Salvage boats are those that have been damaged in some way. They are sold at really low prices, but will cost you more money for repairs and replacement parts. The repair cost depends on the extent of damage suffered by these boats. If you’re good at fixing and restoring, then salvage boats would be a great option for you.
Boat repos can also be a wise alternative for finding a cheap boat. Repo boats are those which have been repossessed due to failure of the owner to comply with the payments. These boats are available at auctions, minus the warranties.
Buying used boats may sound a little risky, so to avoid regrets later on, always make an in-depth scrutiny and inspection before deciding on the actual purchase. Get a boat expert to check and evaluate the real condition of the boat first. Doing a test-cruise with the owner is also highly important. Doing all these will prevent any possible catastrophe in the future.