There are many entry-level, second-hand boats available that can get people on the water at a reasonable budget. Finance options are also available to offer monthly payments.
A typical boat package includes Boat, Motor and Trailer (BMT) and besides the purchase price one should also consider the running costs of the boat, the maintenance costs as well as the necessary equipment.
There are many factors that affect the cost of owning a boat and some of these are only discovered when a new boat owner faces them. So, working out the sum of boating costs is a crucial step before you make your purchase.
Some of the costs you’ll come across with boat ownership and usage will include:
- Boat purchase: new or second hand
- Motor purchase: new or second hand
- Trailer purchase, license registration and servicing costs
- Maintenance: upkeep costs and motor servicing maintenance
- Running costs: fuel and oil
- Boating fees: annual Certificate of Fitness (COF), radio license, insurance costs, club memberships
- Boat safety equipment: life jackets, flares, fire extinguishers (bi-annual renewal)
- Onboard essentials: battery, oars, ropes, fishing gear
- Boat storage: mooring or dry storage
It is also important to maintain your boat in an excellent condition to maintain a good resell value.
The specific costs vary according to the package so certainly get more details from your Authorized Dealership.