What to keep in mind when buying a boat? Guide how to buy a boat

Buying a boat is a significant investment that can provide a lot of fun and unforgettable experiences on the water. In this article, we outline the most important aspects to consider in order to make a wise choice and enjoy your boat for many years to come.

How to choose the right boat?

Choosing the right boat depends on many factors, such as the purpose of use, budget and location. It’s a good idea to start by browsing listings on boat rental portals such as Lugia Boats, Click&Boat or Boat Around. This will give you an idea of the types of boats that appear most often in the area you are interested in and the average prices per day of rental.

Analysis of rental offers

When reviewing rental offers, pay attention to:

Types of boats available at the selected location.
Rental costs per day.
User reviews of various boat models.
Availability of boats at different times of the year.

Boat maintenance costs

Before buying a boat, it’s a good idea to get an idea of how much it will cost to maintain it at nearby marinas. Costs may include:

Boat storage fees at the marina (on water or on land in winter).
Maintenance and inspection costs.
Fees for launching and retrieving boats from the water.
Fuel combustion costs

Budget

Having a clearly defined budget is important, but you should always leave some margin – unfortunately, most often assuming a higher price. Also, remember to always check if the boat you want to buy comes with an engine – very often low prices in an ad are due to the lack of one, and believe us these things are not cheap. One of the most popular engines is the Yamaha ok 115ph, which (new) costs in the range of 60K, and a used one costs about 45K.

Whether you plan to pay cash, take out a loan or lease, it’s important to conduct a realistic cost simulation.

Budget planning

Purchase costs: the price of the boat, transportation costs, customs fees (if you are importing the boat).
Financing: Installment loans or leases.
Maintenance: Charges for marinas, maintenance, inspections, repairs.
Fuel: Fuel costs if not included in the rental price.

Cost simulation

We advise you to count the annual cost of maintaining the boat, taking into account:

Lease installments.
Marina fees.
Budget for repairs and maintenance.
Promotion and marketing costs (if you plan to rent a boat).

With this information, you can calculate the number of days needed to „go to zero” based on the daily rental price.

What are the types of boats and their specifications

There are many types of boats, and each has its own specific uses. Here are some of the most popular types:

sample boats available at YourNextBoat

Motorboats

Ideal for quick trips on the water, water sports and short cruises. Powerboats are usually easy to operate and have relatively low maintenance costs.

Sailing yachts

Great for longer cruises and exploring remote areas. Sailing yachts require more sailing skills and have higher maintenance costs, but offer a unique experience on the water. Typically, sailing yachts are rented for no less than 7 days.

Catamarans

They are perfect for calm waters and offer great stability and space. Ideal for family vacations and group outings. Typically, catamarans are rented for no less than 7 days.

Pontoon boats

Very versatile, ideal for recreation, fishing and short cruises. They are easy to transport and store.

Is it better to buy new or used?

Buying a new or used boat has its pros and cons. Here is a comparison of the pros and cons of the two options.

Advantages of the new boat

Manufacturer’s warranty.
Modern technologies and equipment.
Modern technology and equipment.No hidden defects.

Disadvantages of the new boat

Higher purchase price.
Greater loss of value in the first few years.

Advantages of a used boat

Lower purchase price.
The price can be negotiated.
Less loss of value.

Disadvantages of a used boat

The possibility of hidden defects.
No warranty.

Technical condition check

Before buying a boat, especially a used one, it is a good idea to carefully check its technical condition.

Hull

Check for cracks, dents or osmosis.
Evaluate the condition of the paint and anti-fouling coating.

Engine

Conduct a test on the water to see if the engine runs smoothly.
Check the service history of the engine.

Accessories and electronics

Make sure all navigation devices are working properly.
Check the condition of ropes, sails (if it’s a sailing yacht) and other equipment.

Formalities and insurance

Registration of the boat and proper insurance are essential for legal and safe use on the water.

Boat registration

Check the registration requirements in your country or region.
Gather all the necessary documents, such as proof of purchase and certificate of compliance.

Insurance

Choose insurance appropriate to the type of boat and its value.
Make sure your policy covers all potential risks, such as collision, theft and third-party damage.

Where to look for a boat to buy?

It’s a good idea to start your search for the perfect boat by browsing listings on reliable websites.

Recommended sites

Your Next Boat: Large selection of boats worldwide, professional advice and attractive prices.
Facebook groups
Local advertising portals

Completion

Buying a boat is a complex process that requires careful planning and forethought. With the right knowledge and patience, you can make an informed choice and enjoy trouble-free operation of your new unit.