You’ve decided you’re going to actively search for a boat that you want to purchase, but now you can’t decide if you want to buy a new one or a used one.
It’s an understandable dilemma between getting to know how a new warranty works compared to a potential lack of warranty on a used boat.
You also have to consider whether or not you want to go forward with paying cash or partaking in boat loan financing.
We’re going to cover a few pointers from each side, so you can figure out what direction you want to go towards.
Perks of Buying New
As Tamatoa from Disney’s Moana would say, “I’d rather be shiny.” After all, who doesn’t like a shiny, new boat?
When you buy a new boat, you don’t need to worry if it was taken care of previously. You also don’t need to concern yourself about the boat’s history since you’ll be the first owner.
Gear can be ordered just the way you want it instead of being forced to take on gear you may not use that comes with a used boat.
New boats give you the flexibility to buy what you want as opposed to being limited by whatever is in a pre-owned boat. Additionally, you’ll have the newest tech in a new boat, so if that’s important to you, new is the way to go.
Don’t forget the manufacturer’s warranty – it comes with a new boat and will protect you from a variety of issues that you may have.
Benefits of Buying Pre-Owned
There’s no doubt that you’ll save some serious cash if you decide to go the pre-owned route. Your money will stretch further, plus you’ll have more options because of the variety in a given price range.
When you buy a used boat, you know ahead of time that there will probably be a few scratches and dings because that’s the nature of the beast. At least you won’t be the first person to scratch it, which is oddly comforting in its own right.
In a perfect world, you’ll also get a boat that already has major issues fixed if any bugs popped up. If it hasn’t been taken care of as of yet, you can expect a lower price that will allow you to fix it up good as new.
Something else that is a major benefit to buying a pre-owned boat is the ability you have to research makes and models beforehand, so you know what to avoid. You’ll also be able to recognize a good deal when you see it.
The Downside of New and Pre-Owned Boats
The biggest obvious disadvantage to buying a new boat is going to be the price. A new boat will depreciate the minute you buy it from a dealer unless there are exceptional circumstances like being an imported brand of boat from a foreign retailer.
Additionally, you’ll want to keep in mind that you won’t necessarily be able to test sail a new boat if it still needs to be built and isn’t available to try. If there is a new model for you to try, it might not have the same specs you purchase on your boat.
At the same time, while you may be able to try out a pre-owned boat before buying it, you should also consider hiring a marine vessel surveyor to verify that the boat is seaworthy. In some instances, that may be a hassle during the process, but it will be worth it in the long run.
The most significant issue you may face is that you have to trust the person you’re buying the boat from because you don’t want to buy a problem unaware. Sometimes the surveyor can miss things that aren’t obvious like structure issues, which means paying more than you intended once those problems show up.
Pre-owned boats also do not usually come with warranties or any other kind of support from the manufacturer, so if something breaks, you’re stuck with it.
Making Your Decision
Regardless of what you choose, make sure you understand the purchase policy from either side, so you aren’t blindsided by extra costs or fees.
If you’re focused on keeping a budget and getting the most possible for your money, you’re probably going to be better off going the pre-owned route.
If you want the protection of a manufacturer warranty and a guarantee that you know everything about your boat, then new is going to be the way to go.
Whatever you decide on, once you make your choice, you’ll join the happy boat owners and be ready to sail to your heart’s content.