Renting Vs. Owning
Renting Vs. Owning
If boating is a passion of yours, the question may have come up whether you should just rent or actually own a boat. When this question comes up, many don’t know where to begin, but start by asking yourself a few questions:
How often do you plan on using the boat?
What is your budget?
What kind of boat do I need?
If you plan on using the boat often and have the appropriate resources and funds available, it might not be a bad idea to consider owning a boat. One of the drawbacks of owning a boat though are the costs. The upfront costs to purchase a boat can be costly, but then there are things to consider such as regular maintenance, registration, title, and insurance, and storage space. Once you determine a budget, you will next need to decide what type of boat fits your needs.
If you’re not sure you are up for the responsibility and tasks of boat ownership,...