6 Steps to Take When You're Buying a Boat

Do you want a boat, but feel like you're not prepared? Start here.

man on a boat fishing at dusk

Buying a boat is a big deal, especially if it's your first time. But even if you've done this before, you can use these tips to make the process smoother.

  1. Do your research.

    Go online or make phone calls until you know the type of boat you really want. Make a list of boat features that you must have, features it would be nice to have, and features that you really don't want. Once you do this, find out the boat's Black Book Value.

  2. Get pre-approved.

    When you settle your financing before you shop, you'll know exactly what you can afford. Use this knowledge to narrow down your boat options and stay within your budget.

  3. Visit a boat show.

    While you're there, walk onto as many boats as you can so you know your options. Remember to speak with someone from the dealership as well. Make sure you are comfortable with them. You want to find the best dealer as well as boat.

  4. Ask about warranties.

    Warranties are valuable and should be a important part of your decision. Find out what the warranty covers and what kind of service you'll receive if something fails.

  5. Keep records.

    When you're looking at a boat, take pictures, especially of the dash, galley, and head. You may also want to take notes so that you can remember your first impressions. If you have friends or family with you, remember their likes and dislikes about each model as well.

  6. Consider the cost of ownership.

    For so many people, the fun of using the boat is worth the cost of owning it. But you should make sure you are aware of the costs for things like docking, maintanence, fuel, and any accessories you'll need.

Are you interested in owning a boat? Our Loan Reps have years of experience with boat financing and great relationships with many local dealerships. Get in touch! They'd love to help you get started.