Discover-Boating-My-Boat-Boat-buying-tips

As with a car, there are pros and cons to both new and used boats.

When buying a boat, we recommend shopping new first. Yes, it is more expensive. However:

You’re fully aware of the history of your boat.
You’ll have a warranty if something does go wrong.
You can get out on the water straight away, with no need to waste time on repairs or restoration.
Typically new boats can be customised depending on your needs.

If you do choose to go second hand, it’s a good idea to buy through a marine dealer. This is because:

Usually only high-quality boats are available for sale, and these have undergone checks.
You are covered under NZ consumer law, as well as a warranty.
You’ll be able to access professional advice on operation and upkeep.
Comparing prices and negotiating better deals are both more straightforward

Remember: when buying a second hand boat from a private individual, in an auction or by tender, under NZ law there is no warranty and any issues will be your responsibility.

Start your search by creating a shortlist of your must-have features, then use this list to eliminate unsuitable options from the huge amount of used boats available. Whatever the size of the boat, and whether it’s new or used, a sea trial is essential. You would never buy a car without driving it, and the same holds true when buying a boat. It’s best to test the boat on a moderate weather day.

Whether you’re buying your pre-owned boat online, in the newspaper, or by visiting local boat dealerships – once you find your boat, but before you buy – at an absolute minimum, get someone who is an experienced boatie or marine expert to come along and assess the boat with you. For larger boats a qualified marine surveyor’s inspection is strongly recommended.

Cost of Owing a Boat

As you would expect, boat prices vary a lot depending on their make, size and features. However, you’ll find that often a monthly payment on a new boat is considerably less than a monthly new-car payment. It pays to shop around as much as possible to get the best boat and deal for you – there’s no rush!

The other thing to consider is how boating compares to other leisure activities that you might be thinking of for your family. Whether you are thinking of a week’s holiday overseas, a few rounds of golf, buying or renting a bach or caravan, or joining a tennis club, you’ll find boating compares very favourably. It’s also the ultimate leisure activity when it comes to including the whole family.

Items to consider

Financing

Finance for boats is available just like for new cars, and loans have begun to carry very favourable interest rates in recent years. You could well find that getting into the captain’s seat is easier than you think! A good starting point is to compare rates online.

Equipping Your Boat

All boats come with a range of different accessories and options to suit different boaties’ needs. Most accessories such as navigation devices, fishfinders and safety gear can also be purchased separately and installed. Make sure you keep in mind the cost of any additional features you’ll need to purchase prior to getting your new boat. View our Directory to check out where to go shopping.

Operating Costs

While there are fuel costs associated with boating, particularly with launches and power boats, it pays to keep in mind that you won’t be using petrol all the time. While you’re fishing, swimming or ashore you won’t be using the motor at all. Additionally, most vessels smaller than 7.5m in length don’t require large amounts of petrol.

Boat Maintenance

In order to be kept in top condition (and safe!) boats require frequent maintenance and safety checks. Simple measures such as keeping your boat covered when not in use and making sure you wash the deck, fittings and motor out thoroughly following use can go a long way towards keeping your maintenance costs down. View our Directory for information on companies that can assist you with maintaining your boat.

Storage

Boating storage can be one of the biggest ongoing costs associated with boat ownership, but fortunately there are a range of options for each type of boat. The cheapest storage method, of course, is to keep your boat on a trailer in your yard or driveway. For situations where this isn’t suitable, smaller boats can be placed in rack storage – typically a covered shed full of boat cradles – or parked on marinas or pole berths. Moorings are another low-cost solution, particularly for yachts too big to be parked on trailers and towed.

Insurance

Insurance is a must, especially if you’re just starting out and learning the ropes of boating. Insurance costs vary depending on your boat type, length and speed. View our Directory for companies that can assist you with acquiring insurance for your boat.

Buying a Boat Checklist

A little hesitation before making your first boat purchase is understandable – after all, as a new boatie you’re heading into “unchartered waters.”

Here’s a checklist you can use to bolster your confidence in your decision. If you can answer these questions, then relax – you’ve done your homework, and are making an informed decision that’s bound to be a good one. Have you:

Decided which type of boat meets yours and your family’s needs?

Considered where you’ll be going boating on a regular basis?

Chosen a boat based on your lifestyle, activities and the places you want to go?

Determined how or where you will store your boat?

Looked into financing, insurance and licensing needs?

Worked with a budget to make sure you can afford to both buy and operate your boat?

Taken a boat education course?

Boat buying tips

As with a car, there are pros and cons to both new and used boats.

Cost of Owing a Boat

Items to consider

Buying a Boat Checklist

If you answered yes to all of the above, congratulations – you’re ready to go get your feet wet!

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