May 4, 2007, Newsletter Issue #19: Buying Boats: New, Used, And Dealers

Tip of the Week

Did you know that many used boats come with added features that will cost you more to have if you buy a new boat? Here are some things to consider when deciding between a new and used boat:

You’ll save money initially if you buy a used boat, but you will have to make sure you are prepared to spend some along the way on repairs and necessary upgrades.
A new boat will have the added benefit of a full warranty.
Buying a boat at a showroom will allow you to compare features and designs side by side.
Buying a new boat may be considered less of a risk to financial institutions who are financing the purchase. That may mean you’ll pay a lower down payment and less in interest for a new boat.

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