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Old 02-15-2011, 03:59 PM
 
Location: NW Michigan
265 posts, read 734,174 times
Reputation: 409

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A few thoughts... I have owned 2 power boats and several sail boats. I am not an expert but I learned a few things from experience.
  • You sometimes see 8, 10 or 12 year loans on new boats. Add up the total "low" monthly payments and you pay a lot more than the purchase price.
  • A boat is a toy and you don't need it. Never finance toys.
  • We sometimes burned through 40-50 gallons of fuel on a nice weekend (5.7L V-8). That wasn't fun to fill up at $2 a gallon. Even less so when it goes up to $4.
  • Summer season is short so make sure you can and will use it quite often when you can.
  • Find out all about the extra costs like winter storage, shrink-wrapping when storing outdoors, winterization, insurance, maintenance and so on.
  • Going out on the same small lake will get boring after a while. Well, at least for me. You'll need a trailer and a truck/SUV to go other places.
  • A 21-foot boat may seem big on small lakes but is nothing out on the big lakes.
Boats are definitely fun, especially in Michigan. But make sure to add up all the costs and figure out how often you will use it.
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Old 02-15-2011, 05:32 PM
 
Location: Michigan
859 posts, read 1,975,161 times
Reputation: 459
We have Checkmate Ambassador for Sale
21 footer, nothing wrong just not using it .. enough.

if ya interested just pm me, I will give you more Details
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