The Full Cost of Owning a Boat

Owning a boat can be a fun and exciting experience, but it's essential to consider all the costs associated with it before making a purchase. While the initial purchase price of a boat may seem like a good deal, there are many other costs that can add up over time. Read on to learn more, and if you’ve got any questions, be sure to contact us at Germaine Marine at one of our dealership locations in Arizona, California, or Utah.

Upkeep Costs

First and foremost, there are ongoing maintenance costs. These can include things like regular cleaning and detailing, as well as necessary repairs and replacements. For example, if the boat has an inboard engine, it will need regular oil changes and other maintenance. If the boat has an outboard engine, it will need to be serviced every 100 hours or once a year. The cost of these services can vary depending on the size and type of your vessel.

Insurance

Another cost to consider is the insurance premium payments. Insurance for boats is a must-have, as it will protect you from financial loss in case of accidents or damage. The cost of insurance will depend on the value of the boat, the type of vessel, and the location where it will be used.

Storage

If you don't have a place to store your craft, you’ll need to pay for storage space. This can be in the form of a marina slip or a storage facility. The cost of storage will depend on the location, the size of your vessel, and the length of time that the boat will be stored.

Registration Fees

License and registration fees vary depending on the state and the size of the boat. You’ll need to renew these every year, so you’ll want to factor in these costs when calculating the overall cost of owning a boat.

Ready to shop boats for sale? Check out the selection at Germaine Marine. Our friendly and knowledgeable staff can help you find the best model for your lifestyle, so stop by today! We proudly serve all those in Mesa, AZ, and Norco, CA.