When I was looking for a new or used boat I shopped around, went to boat shows, RV and boat Shows here locally and in other states to find the best deal for the price. Somethings I looked for were bass, offshore, personal, sport, sail, and kayak. Right boat type, find a certified boat, get a big loan, working with a boat dealer, register the boat online.
Get A Big Loan From The Bank
When dealing with the bank or a boat dealer always to remember to bring your income statements, pick of mail showing the address you live at. Heres some more information,”
- Interest rates generally go down as the loan amount goes up.
- Interest rates generally go down as the term of the loan goes down.
- Higher loan amounts can usually be stretched over longer periods of time. In most cases, boat loans range from four to 20 years.
- Usually, the lender will be basing a boat loan on a 10- to 20-percent down-payment. That said, there are some no-money-down deals out there.
- Often, you can roll the expenses of accessories like electronics, trailers, and even extended warranties into a boat loan. Just be sure to pick out the complete package you want, ahead of time.
- Most lenders will be looking for credit scores of about 700 or higher. You can get a boat loan with a lower credit score, but expect that you may have to pay a penalty in the form of a higher interest rate or a larger down-payment.” https://www.discoverboating.com/buying/boat-loan-basics
What Does Certified Boat Mean?
When looking for the right boat should it be a certified boat or does it matter, there is a standard in the industry called, “NMMA” it stands for National Marine Manufacturers Association. it does matters if you get certified boat because you are meeting a standard of new boats sport a lot of stickers. some warn about the hazards of carbon monoxide, others remind you of the prohibitions on discharging waste or oil.
Register The Boat Online?
Once you have your boat register the boat online by going to: https://www.flhsmv.gov/motor-vehicles-tags-titles/vessels/vessel-titling-registrations/
What is the advantage of using a marine surveyor?
A marine surveyor is someone you should hirer before buy a buy if its used or a new boat. They are like a home inspector, marine serveyor will look the boat over for issues and give you a full report about the boats condition. Here is some more information about a marine surveyor, “
For the purpose of determining its current condition and seaworthiness. In particular, to determine if the vessel is safe to use in conditions for which it was designed, and what maintenance and repairs are required, or are likely to be required in the near future.
Most buyers are not experienced enough, or mechanically inclined to a point where they can make an adequate evaluation on their own. Even those who are qualified benefit immensely from a second professional, cold and unbiased opinion.” http://www.marinesurveyor.com/whysurvy.html
What to do after you buy your boat?
You take home and store it until you want to use it. Most of the people I know that have a boat store it in a self storage place like Publics or Cubesmart.
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