Saturday, December 24, 2011

Financing A Boat

Once you decide to buy a boat, you'll find yourself wondering how you are going to pay for it. This type of purchase will involve some type of financing, whether it's a credit line through the home, an unsecured loan, or a boat line. Choosing the right financing source can be just as important as choosing the right boat.

When choosing a source of financing, there are several things to consider. The first factor is how long you plan to keep the boat. If you are buying a first boat, it'll make more sense to find a loan that will be flexible enough for an early payoff via private party or even a trade in.

If you are purchasing the boat of your dreams, you should expect to have it financed for a long time which makes it important to get a fixed rate loan with terms that allow for a low monthly payment.

Another factor you'll need to consider is the down payment. Most lenders or dealers would like to see at least ten percent down. Zero down payments do exist for those with good enough credit. Normally, the down payment doesn't significantly change the monthly payment for your
boat loan.

Choosing the right type of boat loan is a very important part of the entire buying process. You can start with a boat finance brokerage, which will show you how each one of the available options fit into your profile.

Doing this will give you the knowledge and ability you need to find the loan that best fits you and your budget. The, you can concentrate on the important things - taking your new boat out on the water.

Buying A Cruising Yacht

Everyone out there likes the idea of a shiny new boat. While buying a new yacht is an accomplishment in itself, you shouldn't spend over your budget then be unable to take it anywhere. When you buy a yacht, always look at what comes with the boat and decide if it's everything you want.

Types of construction

GRP
Almost all cruising yachts out there today are made of GRP construction. GRP material is long lasting, strong, and easy to repair. Osmosis is the only real problem here, as the blisters it leaves can be sometimes costly to repair.

Steel
Steel is always a great a idea, as it is by far the strongest material. There have been steel boats ran into reefs and banks and received just a few mere scratches. Even though steel has many advantages, rust is the true enemy here. You must keep all surfaces thoroughly painted, primed, and ready to avoid all types of rust.

Aluminum
Although rare in the normal cruising market, aluminum is very popular with the construction of top quality custom built yachts. If you are looking for an aluminum constructed yacht, always make sure that it wasn't constructed by an amateur yacht builder - as this can cause major problems later on down the road.

Wood
Even though it's the most traditional building material, wood still has a lot to offer. If you get the right kind of wood, it can last just as long as any other type of material. The maintenence costs are very high with wood, especially if you do your own painting.

Ferro-cement
Concrete type boats have been around for a long time. A cheap method of hull construction, it was very popular in the 70's. If done properly, it can be a very strong method of yacht construction.

Rigs
The most popular choices of yacht rigs include sloop, cutter, and ketch - in that particular order. Sloop has the virtue of simplicity, while ketch and cutter rigs will split the sail plan into more easily managed areas. A ketch rig can sail under mizzen and headsail alone, while cutter rigs can offer a simple twin headsail with downwind option.

Essentials versus desirables
Before you begin looking for a yacht, make a list of what you must have then make a list of what would be nice to have. There are many additions and add ons you can get for yachts, although they can get very expensive in a hurry.

When you shop for a yacht, always plan out your budget before you even start looking. A nice yacht can cost a lot of money, which is something you may need to save up for. Yachts are great to sail on, especially for those who have a lot of money to spare.

Buying Inflatable Boats

As you are probably already aware of, inflatable boats are very popular today. Each distinct group of inflatable boat is designed for a specific use and therefore equipped with different components and equipment.

If your looking for a small boat to get you from your ship to the shore, a typical inflatable boat is the best answer. If you are looking for a medium sized boat for diving or swimming, there are many choices in that area as well. For recreation or rescue work, there are large inflatable boats available as well.

Dealers
The location of a reputable dealer is very important, as you don't want to travel too far to get an inflatable boat. Whether you need parts, repairs, or just technical support - a close dealer can also be a close friend. As a new boat owner, you may also have questions, need to claim your warranty, or just need regular servicing. No matter how you look at it, a close dealer is always better than having to travel.

Prices
Many years ago, inflatable boats were the most expensive types of boats and only a small amount of people could even afford them. The reason for this, was the use of exotic materials and the numerous hours of hand labor that went into their construction.

Today, there are machines that do a majority of the construction work. Zodiac and its sister company Sevylor, are the leading low cost producers today thanks to technology. You can even finance an inflatable boat if you need to, making them available to almost everyone now.

Warranty
You may have heard claims from all competitors, with each one promising they have the best or even the longest warranty. A few years ago, a company offered a lifetime warranty - although they soon disappeared shortly thereafter. Many manufacturers will use an attractive warranty to substitute for quality or even proper boat design.

In the back of your mind, you should be sure that the company you buy from will be around long enough to deliver on their warranty. Zodiac has been building inflatable boats for over 50 years, and offer a limited 5 year warranty on their inflatable boats. Therefore, Zodiak is one of the best you can buy today.

With all inflatable boats, you should know which type you want before you purchase. You can always look around and see what each dealer offer, then plan your purchase accordingly. An inflatable boat is great to have, especially for those who own big ships and vessels. You can't go wrong with these boats either - as they serve many different useful purposes.

Buying A Boat Trailer

A boat trailer is something you really can't go wrong with, as it is a dual purpose device. It provides a convenient way to store the boat, and also allows you to explore new areas by taking your boat down the road. Good trailers must perform both duties equally as good.

Most people buying boats are into getting the boat, and not the trailer. They are more than willing to spend money on a boat, then end up getting a cheap trailer. If you want the most from boating, these tips will help you with buying a trailer.

- The total weight of the boat, gear, and motor should be in the mid range of trailer's carrying capacity. You shouldn't pick a 2,500 capacity trailer if you have a boat with the same weight.

- Go for larger diameter tires and wheels. The larger tires will rotate less times per mile, producing less heat and wear on the tread. The wheel bearings will last much longer as well, as they rotate less times per mile.

- You should look for trailers with "drive on" capabilities. These drive on trailers will allow you to drive the boat onto the trailer, close enough to the winch so that you only need to winch the boat up a few inches.

- Select trailer lights (for the highway) that are protected and sealed against water.

- Pick your trailer based on the environment it will be operating in. If you plan to launch in salt water, you'll need a trailer for that purpose. There are many types of trailers available, each one designed for a specific type of boating.

Although most are protected against weather and rust, you should always pick the one designed for the type of terrain you will be using your boat with. This way, you have no worries about your trailer not doing the job it should be.

There are some trailers that include a spare tire, which is an excellent investment for those who plan to travel long distances. Even though it can be hard to find trailer tires in the dark, it's still great to have a spare if you get a flat while you travel.

All in all, a boat trailer can save you a lot of time and money. You can store your boat on your trailer when it isn't be used, even take it to other lakes or oceans. A trailer will open up new roads for you and your boat - all you have to do is find one that you need.

Buying The Right Fishing Boat

If you are planning to buy a boat, you'll first need to evaluate what you plan to do with it. If your primary purpose is fishing, then you'll want to look into boats that are designed primarily forfishing. If you happen to be a tournament fisherman, or hope to be, then you probably wouldn't be happy with a boat less than a 150 HP motor and shorter than 19 feet in length. Those of you who plan to fish in really deep water on a regular basis will probably need a 200 HP motor and at least 20 feet of length.

If you don't plan to tournament fish, but go after bass fish instead, you'll want a 17 - 18 foot boat with at least a 115 HP motor. This way, you can enjoy the lake or the river. Those of you who like to fish for species may want to look for a more versatile boat with plenty of walking around room, higher sides, and a different seating arrangement. This type of boat is ideal for several people, even a trip out with your wife and kids. If you plan to fish on occasion, but not enough to invest in a boat, you may want to look at a fish and ski model. This is a hybrid boat, crossing between a bass boat and pleasure boat, and can easily serve your purpose.

The biggest part of the buying process is getting what you can afford. Luckily, there are many new boats available, giving you several that fit your budget. If you prefer, you can shop and find a used boat that fits both your needs and budget.

Buying A Fishing Boat

Selecting the right fishing boat can be a real challenge and also a lot of fun for someone who is new to boating. If you haven't experienced buying a boat before, it can also be a daunting task to say the least. Before you start looking, it's important to consider the purpose of your fishing boat. A fishing boat serves but one purpose - fishing. You have to decide if you plan to fish in the ocean, or in other bodies of water, such as lakes. This is very important, as there are different types of fishing boats available.

If you plan to use your fishing boat for ocean cruising and overnight stays, it would be ideal to buy one that has a hull. This design is meant for rough waters, riding the waves, and providing more comfort for anglers while they fish.

When you buy a fishing boat, you should know if it includes a warranty. If it does, you should really study the warranty as not all are the same. Buying your boat from a dealer is always a smarter decision, as dealers will provide repair services is the boat is found to be defective. It's also important when buying a fishing boat to note if the boat is certified by the NMMA. This agency will guarantee that the certification they give to every boat passes the agency's standards of excellence.

When it comes down to it, you should do more than just look around when it comes to a fishing boat. You should learn how to look for the best details to ensure that your boat is worth the money. If you take the time to look around, you'll find a boat that you can truly be proud of.

Buying Boat Insurance

Those of you who own boat will want to make sure you get watercraft coverage. Often times, people don't realize that they need this type of coverage for their boats. There are many boat owners that don't even realize this type of insurance is even available. You need boat insurance if you own a boat, it's that simple. Before you buy boat insurance, here are some things you simply must know.

- Many states now require that you carry watercraft liability coverage. What this coverage does, is protect you against any damage that you cause to other people or their property with your boat. This insurance will also cover you for vandalism, theft, fire, stranding, sinking, and even collision. You should always call your insurance agent and see what's required with your state and what policies they cover.

- There is also optional coverage that you should really consider. One type of coverage that you should strongly consider is Wreckage Removal. In most areas, the removal of sunken or wrecked boats is required by law, and the responsibility of the owner to pay for the removal, which can easily be very expensive.

Wreckage Removal coverage will pay these costs for you. You should also consider adding coverage that will pay for repairs and mechanical failure as well, along with towing charges - should you ever need to be towed back to the shore.

- Not all insurance companies cover everyone who operates the boat. This is something you should always ask about, find out who is covered when operating the boat. There are several companies that will only cover the owner of the boat. Make sure that the insurance agent defines who is covered when operating the boat.

- When you shop for boat insurance, call your current company first, then check with other companies to see what type of rates they offer as well. Always remember that insurance agencies are in competition with each other, and they'll work with you to get you to join them. Let one know about a better rate that you've been quoted and see if they'll go one better.

Before you shop for boat insurance, think about the investment you have made with your boat. Boats are not cheap, replacing or repairing them isn't cheap either. Therefore, you should always make sure you get the coverage you need to protect you against anything that happens with your boat.