If you’re like most people, you probably enjoy a peaceful day out on a boat. You may even be thinking of buying your own boat, but are intimidated by the high prices. While many to-be boat buyers hesitate about buying a used boat, this can actually be a very sound financial decision. Here are a few reasons why:
They cost less
Perhaps the major reason why people buy used boats is because they cost less. Buying a boat will be expensive, but it will be even more expensive if you buy one that’s completely new. Instead, you can get the same quality boat that’s just a few years older, and then save that extra money for something else.
Boat model cycles are long
Boat model cycles are longer than typical—usually five to six years. This means that if there is a specific model you have your eye on, you can save money by getting that same model when it’s four years old as opposed to one year old. It’s the same boat, just a few years older.
Used boats are still good quality
Many people hesitate about buying used boats similar to why they hesitate about buying used cars—they’re never sure of the quality. But something doesn’t have to be brand new to be good. Many boat owners take good care of their boats, so you can trust that a used boat will still be in good condition. Plus, if a boat is just a few years old, chances are that it hasn’t run into any significant problems yet.
Initial problems have been dealt with
When you buy a completely new boat, then you’re one of the first people to actually use that model. Boats may be tested before release, but there’s always the chance that the manufacturers missed something. With a used boat, though, all of those initial problems have been dealt with, so you won’t have to worry about them in the future.