Last Updated on June 20, 2025
Thinking about getting a boat? It's a big decision, and a common question is whether to buy new or used. Many people lean towards used boats to save money, but there are good reasons to consider a new one. This article will look at the pros and cons of buying a new boat to help you decide what's best for you.
The Downsides of Buying a New Boat
When you buy a new boat, there are a few things to keep in mind. Boat manufacturers aren't like car companies; they build fewer boats, so they can run into issues with suppliers. This means the exact parts or features you expect might change before your boat is built. Also, because boats are often made by hand in smaller batches, you might find small problems like gel coat issues or upholstery flaws. These are usually covered by warranty, but they can be annoying to deal with early on.
Another big factor is the price. New boats cost more upfront, and they lose value faster in the first few years compared to used boats. If you plan to sell your boat after only a year or two, you'll likely see a bigger drop in value with a new one.
Key Takeaways
- Manufacturer changes: Parts or features might be different than expected.
- Small glitches: Hand-built boats can have minor cosmetic issues.
- Higher price: New boats cost more initially.
- Faster depreciation: New boats lose value more quickly in the short term.
The Benefits of Buying a New Boat
One of the best things about a new boat is the warranty, which often lasts around five years. This means your costs for repairs and maintenance will be much lower. You'll mostly just have to worry about routine things like winterizing and oil changes. With a used boat, you're more likely to face unexpected repair bills, which can add up.
While new boats do depreciate more at first, if you keep your boat for five years or more, the difference in total cost between a new and a used boat often evens out. When you add up all the costs—fuel, maintenance, repairs, and depreciation—over several years, new and used boats can end up being surprisingly similar in overall expense.
With a new boat, you also get to pick the color and options you want. Plus, you don't have to worry about how the boat was treated by previous owners. You know it's coming straight from the factory or has been at the dealership for a very short time. You won't have to wonder if it was maintained properly, if it's been in an accident, or if it was abused.
Many people start with a used boat because they think it's less risky. But it's interesting to note that about half of people who buy a used boat for their first one end up buying a new boat for their second. And once someone buys a new boat, they usually stick with new boats for future purchases. This suggests that the benefits of new boats become clearer once people have some boating experience.
Key Takeaways
- Lower ownership cost: Warranty covers repairs, reducing expenses.
- Long-term value: Depreciation evens out over several years.
- Customization: You choose colors and options.
- Peace of mind: No worries about previous owner's care or history.
Making Your Decision
So, does a new boat stink, or does it have that great new boat smell? It really depends on what you're looking for. If you plan to keep your boat for a long time and want the peace of mind that comes with a warranty and knowing its history, a new boat might be a good choice. If you're just getting started and want to test the waters with a lower initial investment, a used boat could be better. Either way, understanding these points can help you make a good decision for your boating adventures.
