How much does a powerboat cost?
A motorboat with outboard motors and no cabin, often called a speedboat or powerboat, also often designed for fishing, can cost anywhere from $20,000 if bought used to many hundreds of thousands of dollars for new models of the fastest speedboats on the water.
How much should you pay for your first boat?
If you have never owned a boat before, you’ll probably want to start off with something relatively small. In the powerboat category, that usually means a 16- to 20-foot sport boat priced anywhere from $8,000 to $20,000. A monthly payment on such a boat can run from $150 to $400.
How can I buy a boat with no money?
Consider collateral-based loans. Collateral-based loans are a great way to finance a boat with no money down. A collateral-based loan either uses your boat or something else owned by you to secure the loan for your boat.
Is there a guide to buying a boat for the first time?
There are many guides available to help beginners buy a boat for the first time, including several that we’ve published. Boat buying for absolute beginners, published on the US version of boats.com several years ago, addresses the reasons for buying a boat and the uses you might have for a boat.
Where can I buy a boat for sale?
The boats.com boats for sale include a wide range of boats and types, and you may also want to investigate what’s available on our sister sites: YachtWorld and Boat Trader. You can search by length, boat type, or model name, and you can also customize your search by location.
Is it a mistake to buy a powerboat for the first time?
After all, you lived this long without a powerboat. A few more weeks of research won’t kill you, and will help you get the most enjoyment for your hard-earned dollars. Too many first-time buyers let their enthusiasm overwhelm their good judgment, and that leads to a big mistake: buying the wrong boat.
What should be included in a boat purchase?
What’s included will depend not only on the type of boat you buy but also on the deal you can make and whether you’re buying new or used. Any seller should provide an equipment list that will give you an idea of how much stuff comes with the boat. You may opt for a total package or choose to do your own shopping for amenities.
Where do I go to buy a boat?
You’ll want to sea trial any boat. For smaller boat, meet at the launch ramp, so you can also get a look at the trailer.
Can you buy a boat from a private seller?
When you buy a pre-owned boat from a private party, you are taking on the usual business overhead incurred by a dealer—the shop time and parts the owner may have invested in the getting the boat ready for sale, and their cost to store and advertise the boat.
Can you save money by buying a used boat?
Buying used can also save you money up front, but just like buying a used car, it also increases the variables. If you haven’t bought a used boat in the past, be sure to check out Boat Buyers Beware: 10 Hidden Problems to Look For in Used Boats.
After all, you lived this long without a powerboat. A few more weeks of research won’t kill you, and will help you get the most enjoyment for your hard-earned dollars. Too many first-time buyers let their enthusiasm overwhelm their good judgment, and that leads to a big mistake: buying the wrong boat.