We’ll answer the question in the title right away – there is never a bad time to buy a boat! No matter what time of year it is, getting out on the water is a always a great way to spend your spare time. Boating can quickly become more than just a hobby, and once you give it a try you will most likely find yourself eager to get a vessel of your own!
That said, there are a few things to take into account if you’re considering taking the plunge. Unless your bank account is filled with gold, making the commitment to buy a boat is not something that can be taken lightly. Depending on your circumstances, budget and level of experience, you might find choosing the right moment to make your investment to be of utmost importance.
If you are a newcomer to the word of boating, you should consider easing yourself in by buying during the summer. At this time of year the weather is better, and the seas are calmer. Safety always comes first, and while boating is not an overly dangerous hobby, a degree of caution is advised. For this reason, buying in the winter might not be the best idea – you don’t want to risk choppy waters, and who wants to buy a boat and then leave it unused for three months while you wait for the season to start?
On the other hand, there are significant discounts to be had if you buy out of season. The truth is that many boat owners see boating as a hobby. They are fair weather boaters, who will think twice about casting off in anything but brilliant sunshine. Generally only the most passionate sail regularly in the winter months, and as a result the market slows right down. A slow market means that sellers are willing to be flexible with pricing. Whether it is a dealer who needs to shift their stock or a private seller who wants a cash boost in a hurry, if people aren’t buying then prices will fall to lower levels. Conversely, basic economics suggests that when there is an abundance of people buying, demand can outstrip supply. This puts sellers in the driving seat during the summer months.
Another factor to take into account is maintenance. If you are buying second hand, there is a chance that your new vessel will need some sort of work done to it. This might just be a simple case of cosmetics, however it is natural that you will want to feel safe, and look good once you start mingling with your boat owning peers on the water. Failure to take care of your boat can end up costing you a small fortune in the long run. For this reason, buying during the off season will give you plenty of time to get your purchase up to scratch before you start using it regularly.
The best time to buy a boat depends largely on personal circumstances. Budget can play a big part in your decision, as can your level of experience. If you are considering buying but are unsure if the time is right, the experts at Terrace Boating will be happy to give you some advice.