How to Save the Most Money When Buying a Boat

Home / How to Save the Most Money When Buying a Boat - October 1, 2016 , by Rick Korvas

The ability to save money when buying a boat will go a long way in helping to pay for things like fuel, insurance, storage, maintenance, and a trailer. Here are a few tips for saving bundles of cash when you are shopping for your boat.

used boats1. Consider shopping for slightly used boats. Not only will you get a great price on the boat itself, you could get lucky and the owner may include the trailer, fishing gear, and other accessories they purchased when they first got their boat. Make an offer for everything and you could walk away with more than you bargained for.

2. Weight the costs of keeping the boat docked at the marina each month compared to that of buying a trailer to haul it back to your home each trip. If you are only using the boat once a month, it may be more cost-effective to just load it up and drive it to the loading area than pay 30 days of dock fees each month.

3. Join a local discussion group and introduce yourself as a potential boat buyer. Not only can you be put in contact with group members looking to sell their own boats, you will find a wealth of information about what boats to buy and which to steer clear of in your quest. Once you become a contributor on the forum, members will be more likely to reach out with helpful tips and buying advice.

4. Take in a local boat show and get inside as many of those boats as you can. You may discover after getting on board that a smaller boat may be all that you need. There are plenty of manufactures at those shows cutting huge deals if you sign the papers at the show. This is the place to get a great deal on the boat of your dreams.

5. Subscribe to a boating magazine and scan for some coupons or promo codes that you could use at the local boat dealer to deeply discount the cost of a new boat. Many of these boating magazines have a review section that will give you all the good and the bad about boats available on the market today. There is also a classified section in the magazine where deals of every size are available.

The money-saving tips for buying a boat could line your pockets with enough cash to pay for many of those added accessories that you are going to need down the road or help you minimize losses when you go to sell your boat.