Adding Up the Costs of Owning a Boat

boat saleIf you have been bitten by the boating bug and must run out and get that boat you have had your eye on, take a deep breath and read this information first from That boat for sale will still be there when we are done, and if not, there are a few dozen more than will be for sale a few minutes from now anyways. If you are not making efforts to learn about all the expenses involved with owning a boat now, you are going to be feeling the pain for many months and years to come.

Here are just some of the more common expenses you have coming due soon after taking ownership of your boat.

Other than the cost of your boat, you are going to have to pay for a trailer to two the boat to the water or from the marina. if you are buying a new boat, then this is just another added expense. if you buy used, you might be able to get a package deal from the seller who could through the trailer in as part of the sale.

Call around because the local boat marina may charge one price to store you boat and another far less. The fees to store your boat do not include any winterizing fees, so be sure that you call ahead and understand the breakdown of the monthly charges because they add up quickly.

Before you can take the boat out for a cruise, you have to purchase plenty of safety equipment. This means each trip that every person including yourself must be wearing a life jacket. They you have first aid equipment and flotation devices that need to be on board too.

Whether you are going to be fishing, water-skiing, or tubing, these accessories cost plenty of money. While you may have some already or can score some at a discount at yard sales, just be aware this is yet another of many costs associated with owning a boat.

Maintenance is costly, not to mention fuel, licensing, permits, insurance, and repairs. Set aside a little nest egg in the event the boat needs any repairs.

So there you have it, this list of boating expenses should have at the least given you a clearer picture of what you have to look forward to in the coming months. If you planned accordingly, then you are well on your way to enjoying everything about the boating lifestyle.