Boat Buying 101: 6 Biggest Boat-Buying Mistakes to Avoid

The days of dazzling sunlight are soon approaching, and all you want this year is a boat to take out on the open water. Unfortunately, because a boat is such a substantial purchase, it is vital to think about everything there is to know before writing that heaping check. Besides, boats need frequent maintenance, boat repair, and time investment, so you’d better know your stuff.

Purchasing a boat can be an exciting experience. However, keep in mind that there are several mistakes to avoid if you’re going into this for the first time. This is a BIG purchase, and making sure you don’t get burned with buyers remorse means not being impulsive when it comes to signing on the dotted line. It is always essential to ensure that the vessel you choose is the best fit for your long-term objectives and your finances before diving in.

Of course, there is no such thing as a “perfect” boat, and choosing the right one for you means weighing several factors, but there are several fundamental mistakes you can avoid in order to make sure you get the best deal and a clean conscience. 

Here are some of the most common mistakes to avoid when purchasing a boat for the first time:

Mistake #1: Purchasing Without Conducting Research

Perhaps the number one mistake boaters make when looking for a new vessel is failing to conduct sufficient research. Whenever it comes to buying a boat, there are a lot of aspects to take into account, and you will need to do your research to pin down your options to the point where you are confident making a purchase decision. Consult with experienced boaters, check dedicated forums, and don’t be afraid to ask around at the marina.

Mistake #2: Not Considering Future Requirements

There may come a time when you finally acquire a boat, and after several adventures, you realize that it just isn’t going to be able to meet your changing needs. With that in mind, you have to remember that boats are not inexpensive, and it is common for people to outgrow theirs over time. 

That is why it is beneficial to plan ahead of time. If you have small children, for example, your family’s demands will likely change in a few years from what they are now. Purchase a boat that can handle a diverse range of opportunities and offers you the versatility and the space to fit your future life onboard.

Mistake #3: Budgeting Insufficiently or Not at All

Aside from doing insufficient research, one of the most prevalent mistakes boaters often make is assuming that the boat’s sale price is their out-the-door investment to get them out on the water. This is a dangerous (and inaccurate) assumption. When budgeting, always remember to make room for annual expenses such as boat maintenance, insurance, and marina or berthing fees. Also, you must have a definite upper limit on how much you are ready to spend across all costs and fees and a clear grasp of how that decision will impact your finances in the future.

Mistake #4: Purchasing A Boat That Is Too Big to Handle

Just because you are planning to own a 65-foot catamaran and are in a comfortable situation of being able to purchase one, that does not guarantee that the type of boat you choose will be suitable for you. Preferably, invest in a boat that you will be able to manage for the purposes you plan to utilize it. Some multihulls are configured for single-handed sailing, while others are not. Be upfront with yourself about your abilities and opt for a vessel that you are sure you will be capable of handling.

Mistake #5: Failing to Understand the Various Boat Types

There are numerous distinct types of boats for various users and purposes. If you want to bring your loved ones out for an evening dinner cruise, a pontoon boat is an excellent choice. On the other hand, if you like to participate in high-adventure watersports with your friends, you will need a specific variety of vessel. In such a case, take a moment to speak with a professional at the marina  or a boat dealer to acquire a better knowledge of the ideal boat that best suits your preferences. 

Mistake #6: Purchasing A Boat at a Boat Show

Getting a boat at a show isn’t always a terrible experience, but you shouldn’t believe it’s the best option by default. Boat fairs are fantastic venues to go on a personal boat tour, check out the current models from top manufacturers, and even haggle with salespeople. But, there’s no assurance that you will get the best deal there, so consider the boat exhibitions you visit as an opportunity to deepen your research and learn more about them.

Getting Ready To Buy A Boat? Corleone Marinas Can Help

For many first-time boat buyers, the most challenging part is getting started. How do you know what sort of boat you will require? How can you tell what is and isn’t a “fair” price? These questions are answered by determining the type of water activities you want to participate in. Consider your reasons for wanting to be on the water, and then narrow your options appropriately.

Marinas can be a fantastic way for you to dive (metaphorically) into your new hobby. You have quick access to mechanics and knowledgeable staff who are there to help you.

Plus, marinas can offer you safe places to launch your boat without risk to your hull. Unloading just anywhere can cause hundreds if not thousands of dollars of damage to your nautical investment. Marinas offer you peace of mind that you’re getting in the water safely. 

Thinking of using a marina for your newfound hobby? At Corleone Marinas, we offer four locations throughout Australia that can get you and your boat out on the water and enjoy the sunshine — no matter the time of year. 

Contact us for more information about our services at our variety of locations today. 

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