A boat can be a fun purchase, but unfortunately, it can also be expensive. If you're in the market for a boat, there are ways to save money on your purchase. Take a look at these tips.
1. Trade Repairs for Discounts
If you are handy and you have extra time, you may want to buy a boat that needs some repairs. This can be a useful way to trade some of your extra time and skills for a discount. If you decide to take this route, however, you may want to have a mechanic look over the boat first. They can help you figure out the scope of the repairs. Even an extremely honest seller may underestimate the amount of repairs that are needed.
2. Look for Cosmetic Issues
Buying a boat that has some issues can be an effective way to save money when buying a boat. However, if you don't want to spend time fixing up the motor or other mechanical issues, you don't have to. Instead, look for a boat that only has cosmetic issues.
For example, if the boat's seats need new springs or upholstery or if the boat needs to be painted, those issues don't affect how the boat works, but they can help to lower the price. If you don't mind how the boat looks, you may want to target boats that have these types of issues.
3. Look for Fuel Efficiency
In addition to thinking about the price of the boat, you may also want to think about its long-term costs. In particular, boats use a lot of fuel. To save money down the line, you may want to look for a boat that doesn't use a lot of fuel.
4. Work With a Broker
A broker can help you find new boats for sale just like they can help you find insurance or anything else. If you want to find the best value for your money, you may want to look for a broker. They tend to know the market in your area, and they can help you find the best deals.
5. Skip the Motor
To save even more money while buying a boat, you may just want to skip the motor. Instead, look for a canoe or another type of non-motorised boat. In many cases, this can save you money upfront, and it can also help you to avoid repair costs down the road.