First Time Boat Buyers Face 3 Main Challenges

Buying a boat is exciting but it can also be overwhelming, especially when you’re buying your first boat. You may not know where to start or what questions to ask. It’s hard to know if the boat you want is right for you or if it will fit your style. The size of the boat and how much money you want to spend are important considerations as well. This article will help you to discover 3 main challenges first-time boat buyers face.

Challenge #1: Not Knowing Who to Trust

In a research done by Grow Boating, 70% of first-time boat buyers struggled to find someone they trusted to help them understand how to buy a boat.

The first challenge is finding someone you can trust to help guide you through the process. You want a reputable dealer and an experienced captain. Finding a knowledgeable and trustworthy person who will give you the information you need and explain everything thoroughly is one of the most important steps in the boat buying process.

Challenge #2: Being New to the Market

Buying a boat is not like buying any other type of property. It’s more than just making a purchase, it’s an investment in your future. Most first time buyers find that they don't know much about boats or the market. They often feel lost and unsure of how much to spend.

The question is ,“Do new boaters pay more?”, answer is YES. This is about new boaters paying more than experienced boaters. So you’re the “new kid on the block” or the water.

Challenge #3: Information Overload

It can be difficult to find the perfect boat if you're overwhelmed with too much information. There is information overload yet there are information gaps. What does information overload look like? I know boat buying can be overwhelming. There are tons of choices, countless boating blogs, boat forums, and so many boat salesmen. How do you sort through all the information out there, and decide where to spend your hard earned money?

There is no shortage of information on the internet. What is missing is there is no clear path to get you from point A to point B. There is a lot of industry insider information so you’ll sense it’s quite difficult to find answers to some of the common questions like how much does it cost to own and operate a boat.

So, if you want to buy a boat, be sure to do your research before buying. And if you need help from a reliable source, get a BASCO with you. So that they can provide assistance and advice. Even the best boaters will admit that the early stages of ownership can be challenging. However, with perseverance and good guidance, most new owners will be able to overcome the main challenges associated with investing in their first boat, before being able to enjoy it for years to come.