So you’ve found your next watercraft! But, trying to sort out how to finance your new purchase can be a little overwhelming. The seemingly endless decisions and the vast amount of information is endless, but purchasing a new or used boat isn’t nearly as painful as you might think, and you can hit the open water for considerably less than a new car payment.
Owning a Boat is a lifestyle Anyone Can Afford
Unfortunately, there are many misconceptions about what it means to own your own boat – one of the biggest being whether or not you can afford it. Many people assume this without even exploring their options first; but with the right resources and commitment, that great boat might be easier to buy than you think!
How to Afford a Boat
While you might be thinking boat ownership is out of your price range, consider this: 72 percent of American boat owners have household incomes of less than $100,000. With advances in financing options, owning a boat or pontoon has become a reality for many more people. The reality is that many people can afford to own a boat, as long as they take the time to explore their options and find the right financing or payment solution that works for their needs.
Setting Your Budget
Setting a budget for your boat purchase is tough because there are so many options out there. But you should have a good idea of how much you want to spend. It’s always wise to have a budget and stick to it, otherwise spending more than you can actually afford, may just become a thorn in your side, or in the side of your boat!
Crunching the Numbers
Even if purchasing a vessel outright is outside your price range, financing has made boat ownership more accessible than ever. Loans are readily available with low-interest rates and no fees! Luckily, here at Boatcrazy, we make it a painless process for you. We have partnered with LightStream which brings you low-interest boat financing! Boat finance They offer great loans for your boat purchase, even having the funds available to you the same day as you apply!
The Takeaway
Boating is so much more than entertainment; it’s about freedom, adventure and fun. If you’ve been dreaming of a boating lifestyle but don’t know where to start, we’re here to help! Whether you want to buy your first boat or need financing for the one you already have, we’ve got all the resources and information that will get you on the water in no time!
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