Tips To Buy A Bradenton Boat Without Sinking Finances
If you’re looking into getting into boating, remember that you don’t have to be rich to own a Bradenton boat. According to the National Marine Manufacturers Association, 72% of boat owners in the U.S. have household incomes that are less than $100,000.
While you don’t have to be wealthy, you still should be smart with your finances and study your options when you’re looking for a Bradenton boat.
Focus your search
You’ll know what is right for you once you take into account your activities and your preferences ranging from passengers to transportability.
Here are questions that you can ask yourself before you purchase a boat.
What will you use your boat for?
Experts state that this should be your first question.
According to the NMMA, the number one answer is fishing, then tubing and water skiing. Other reasons that follow include sailing and cruising.
Do you really have time to enjoy your boat?
If you’re just going to have a boat that sits on the water most of the time and you only get out about once a month, then you might want to reevaluate your decision to purchase a boat.
According to the NMMA, out of the 242 million adults in the U.S., only 9 million or more than one in three, actually participated in recreational boating at least once in 2013. The average use was 26 days! You may want to consider renting if you think you will be in a similar situation. Even if you rented at $700 a day, that would be far less than the average spent for a new boat.
Think you need a bigger Bradenton boat?
According to the NMMA, 95% of boats in the U.S. that are on the water are 26 feet or less. So you’ll want to think about how many passengers you want to carry whether it’s just 2 or more than 20. Are you going to be having parties or will you be needing sleeping quarters? Or are you just looking to fish on a lake? Remember that the bigger the boat, the more expensive it’s going to cost you to operate it.
Your expenses for the year could easily surpass $10,000. If you start with registration and insurance, an average-priced boat can run you about $700 annually. If fuel is around $3.50 to $4 a gallon, you’ll have to take that into account when you end up buying a boat with a 150 horse power engine that burns 15 gallons an hour.
Moorage also needs to be kept in mind and varies in price from $1.50 to $15 per foot per day depending on where you stay. Remember you’ll have to dry dock in the offseason, add in launch and lift-off fees, cleaning and treatment, engine maintenance and more. It can quickly add up!
Where will you keep it?
Some people dock their boats at they homeport marina and others lug their boats around on trailers. You need to keep in mind that the bigger the boat, the stronger the trailer and truck you’ll need to pull it. You may also need permits to move your boat. You need to consider how much all these storage options will cost you when you’re not using your boat for long periods of time.
What should propel your Bradenton boat?
Powerboat sales have been up 2.4% since 2013 and that includes outboard, sterndrive, inboard and jet boats. You’ll have to decide whether you prefer paddles or wind power.
New or used?
Used boats are far less expensive because they have already depreciated. Depreciation on a used boat should level out eventually with proper maintenance and equipment improvements. You’ll want to have a professional check out the boat before you buy used to determine its value and condition.
Where do I get started?
You can get started online! A lot of brands have owners clubs where you can talk to people who have been there, done that and can offer tips on boats. There are also boat shows that you can go to and see models in person and talk to a dealer or expert.