In-between your busy working schedule, you need to unwind every once in a while with hobbies. Having a hobby can help relieve stress levels, take your mind off things, and for most people, it can be a source of happiness.
As a boat lover, you of all people understand how great it feels to have time away from everything; to do something that you enjoy without any work or life-related pressure.
But when it comes to buying new or used boats for sale, you need to ensure you choose one that fits well with your lifestyle. Because each person is different and has their responsibilities, it’s essential to understand what your boat needs to fulfil in your life. That way, you can manage to get as much joy and use from your boat.
When choosing a boat, there are many things you need to consider. For example, you need to find a boat that fits your budget. Because, as we know, boats are a luxury expense and require a plan before purchasing. So, before you go off to purchase your boat, here’s how to choose a boat that fits your needs, budget and lifestyle.
Think about what type of boat you’re interested in
Knowing what type of boat you’re interested in prior to getting funding, can help make your life much easier. It can help you pin down what your budget might be and any other additional costs. So, read the different types of boats below:
Pontoon boats
Pontoon boats are an all-time favourite; you can go skiing, fishing or simply cruise around while relaxing to the sound of water surrounding you. These boats are loved by many because they are family-friendly and have plenty of room to move around comfortably.
These boats are safe for young and elderly family members, as it is stable and has a flat surface to walk around freely. But, not only is the pontoon boat safe and comfortable, but it is also effortlessly easy to maintain.
One of the reasons is because pontoon boats are high up on their trailers, so they’re less likely to get any water damage. The material used to produce these boats is also sturdy, easy to maintain and clean as they don’t need to be dried after every use.
Bass boat
Bass boats are ideal for fishing. Although they’re smaller than a pontoon boat, you can still invite a few friends or family members over for fishing adventure.
Bass boats usually have two to three seats, as well as features such as live wells for your fish, storage bins and swivel chairs. Bass boats are perfect for fishing in and out service lake geneva water, and most commonly known for catching bass. So, if you’re interested in getting a boat specifically for fishing, then this is ideal for you.
Canoe
If you’re looking for an uncomplicated boat, then a canoe is the right fit for you. The canoe can transport a maximum of three people and can be used when racing, touring, camping and whitewater canoeing. Although they are small, their sizes vary depending on the buyer’s needs.
Wake boats
A wake boat is designed to help wakeboarders jump and launch easily. It is a V-drive boat with two drive shaft, a gearbox and propeller. This boat is ideal for individuals who enjoy skiing, wakeboarding and wake surfing.
Cabin cruiser boat
If you’re looking for a home away from home, then the cabin cruiser is definitely for you. They are great for relaxing and are big enough to invite family and friends over. Modern cruisers have air conditioners, heaters and power generators, so it’s guaranteed to bring you and your family memorable experiences.
Think about your financing options
It is no secret that boats are an expensive luxury. But, fortunately, you can get finance for your boat. Leisure finance includes the financing of expensive recreational activities, such as owning a boat. Because of the expense, lenders will lend you money to pay off your boat, while you have manageable repayment terms.
A boat loan can help you get the boat of your dreams, and it allows you peace of mind, knowing you haven’t left a dent in your budget or life savings. If you want to have an idea of how much your monthly payment will be before going to a lender, you can use a boat finance calculator. Although it won’t give you exact amounts, it will help you get an idea of how much it will be so that you can plan accordingly.
Additional costs
The cost of boat ownership doesn’t end with boat finance; you also have to think about the cost of fuel, storage and boat insurance. All these aspects play a vital role in which boat fits your lifestyle. For example, if you have no space to keep your boat at home, you might want to reconsider the size of your boat. If you have a big boat, you will have to store it at the docks which can be expensive.
A better solution would be to purchase a trailer, although it is expensive too, it's a better alternative as its a once-off purchase. Another additional expense would be boat insurance. This is especially important if you’re applying for a boat loan as it is a requirement.
Yes, it may be an expense, but it will help you, should there be any damage. You can have peace of mind that your boat is protected in case of any emergency and you won’t need to deal with the financial burden alone. The insurance costs will all depend on the quality, size, age, the cost of the boat, so when choosing a boat, always add these costs to your budget.
Pre-loved or brand new
When it comes to money, you need to find ways for you to save. If you’re on a tight budget, then there is nothing stopping you from opting for a pre-loved boat. They cost far less than a brand new one, so you get to save some money. Like cars, boats depreciate within the first year.
So if you’re trying to be frugal, rather purchase a second hand as the previous owner would have covered the depreciation money, helping you save in the long run. However, if you plan on having the same boat for quite some time and you aren’t interested in upgrading, then buying brand new is recommended. That way, you won’t have to come across any problems while using it.
Final thoughts
Purchasing a leisure item is a big decision to make, and you need to be certain before making any commitment. You need to find an ideal boat for yourself, and you need to consider the financing. Because your hobby shouldn’t leave you in debt.
So make sure you do your research, calculate the additional costs and plan your budget accordingly. That way, you can have the boat of your dreams with no worries dampening your experience.
