Buying a Boat

Posted by Gail Farias on Nov 20, 2019 11:00:21 AM

Things to Consider When Buying a Boat

Whether you are an active angler, a veteran sailor, or one who has only dreamed of sailing from port to port, you may be planning to buy a new boat. A new craft might be a replacement for your current one, an upgrade, or the yacht of your dreams.

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Topics: buying a boat, how to buy a boat, buying a new boat, boat buying, when to buy a boat, cost of a boat, boat costs, shopping for a boat, buying a yacht, shopping for a yacht, how to buy a yacht

Financing Your New Boat

Posted by Gail Farias on May 22, 2019 4:02:01 PM

Buying a boat is exciting and there are times that buyers are so wrapped up in finding their dream boat, they don’t consider what actually goes into the process of purchasing it. Financing is probably the best way to get you into the driver’s seat of your dream boat and for considerably less than you might think.

How Much Boat Can I Afford?

The National Marine Manufacturers Association (NMMA), an organization that represents more than 80 percent of today’s boat and marine engine makers, recommends that new boat owners consider more than the asking price of the water craft they are purchasing. Consider costs for insurance, care and storage as well.

A good way to begin assessing the affordability of the boat you are considering is to use the free NMMA Boat Loan Calculator. Enter the loan amount (minus the down payment), the interest rate and the length of the loan. The calculator will crunch the numbers and estimate the monthly payment.

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Topics: buying a new boat, financing your boat, financing your new boat, should i finance my boat, new boat financing, financing for boat buyers, boat financing, how to pay for my new boat

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