Cost of Boats

Usually personal finances are often a key factor in the decision to buy a new or used boat.
However, there few other factors should be considered. That is if you are planning to go for a
used boat then there is a very good chance that you get into spending even more, for all the
minor damages and upgrades, your boat's price tag and the interest on your boat loan, if you
have one, are foreseeable, obvious costs of ownership.

It's the not-so-obvious costs, however, that can take the wind out of your sails if you have not budgeted for them, whether they are
one-time fees, like sales tax, or recurring ones, like storage, slip rental and insurance.
Always keep in consideration that yearly cost of operating, maintaining and repairing or
replacing equipment averages about $50 per foot, but can rise as high as $150 if you have a
marina do all the work to maintain your boat in pristine condition. Age, use, material and
quality of construction all affect annual expenses. Before buying boats do your homework
regarding the budget not only the cost of the boat, but it should include all the charges from
insurance to the cost of your ownership.