Many of us harbor dreams of sailing wherever and whenever we like. When we take time to pause, life on the water under blue skies can be both relaxing and therapeutic, offering an escape that makes many of our worldly concerns seem distant.

The dilemma sounds familiar. Is it better to buy a new boat or a used boat? While there is no single “right” answer that works for every boat buyer, certain factors may drive your final decision.

As with automobile purchases, some owners demand that new boat “smell,” comfortable in the knowledge that no one else has ever driven their new purchase before. Other boat buyers elect to avoid the initial value depreciation and may even acquire a well-maintained used boat for less that may also have a few more accessories.

If you are not sure which is the better option for you, here are some thoughts to consider while making your choice.