August 17, 2007, Newsletter Issue #33: Boat Costs And Memberships
Tip of the Week
The first thing you’ll need to decide when buying a boat is what your monthly budget will allow. There are a range of prices to consider—from several thousand dollars to tens of thousands of dollars—based on the size, features and uses of a particular boat. Fortunately, many entry-level or "beginner" boats are quite affordable and some cost even less than $200 per month.
But, when buying a boat you must consider additional costs, too. Here are a few additional things you should be prepared to pay for or buy:
*Accessories for the boat including life jackets, horns, monitoring systems and gear associated with skiing or boarding.
*Storage for the boat including renting space at a rack facility or a marina slip.
*Insurance for your boat that will vary according to length and type, cost and coverage options.
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