Buying a New vs. Used Boat: Which Is Right for You?

Do you know what to look for in a new or used boat? Deciding which to purchase can be challenging, especially if you have never bought a boat before. The answer depends on what your budget is, what you want to use the boat for and whether you can find a trustworthy seller for a used boat. Here are some things to keep in mind as you weigh buying a new vs. used boat.

When Buying a New Boat 

By purchasing a new boat, you can decide what you want. You could build one from scratch or buy the one you’ve been dreaming of from your favorite dealer. You ensure you receive the features you desire, and you can often customize your choice so you can enjoy all the conveniences you want on the water. New boats have other advantages as well, such as: 

  • New motors: You can rely on them to last, meaning you won’t face engine troubles or breakdowns for a long time.
  • Cleanliness: New boats look and even smell fresh. 
  • Warranty: The manufacturer is responsible for some repairs, which takes the stress off of you.

You enjoy excellent quality and impressive reliability when you choose a new boat, but you will pay for those perks. New boats cost a lot more than used ones, and they depreciate as soon as you put them in the water. 

When Buying a Used Boat 

The most significant advantage of purchasing a used boat is, obviously, the lower price. If you have a limited budget, a used boat will be the better choice. Plus, it doesn’t have the same level of value depreciation as a new boat. 

You face more potential downsides when purchasing a used boat, however. Unless you have a trusted source you have bought from before, you will need to carefully evaluate your seller. It can be difficult to judge if someone is telling the truth about a boat’s background. Ask for documentation for every claim, and walk away if you get a bad feeling from the seller. 

Look over every part of the boat closely. Sometimes repair costs are so high that it makes more sense to buy a new boat instead. If you have to replace the seating, motor or haul, you’ll likely make significant investments.

Upfront Costs to Purchasing a Boat 

Deciding what you want to use the boat for, like fishing or watersports, will determine what type of watercraft you want. In addition to paying for your boat, you will also need to purchase other boat-related things. Prepare your budget accordingly. A few costs may include: 

  • Boat insurance.
  • A trailer to transport the boat.
  • Docking expenses, either for storing the vessel at a public dock or building your own.
  • Winter storage costs.

Get Docks and Ports From EZ Dock

Whether you decide to buy a new or used boat, you need somewhere to store it. EZ Dock has all the equipment you need to buy a dock or port or fix up the one you have. Get in touch today for an easy quote, or read our blog to learn more about our options.