There are five major costs to be aware of when financing a boat. Your initial cost of boat ownership will be the purchase price. Before you make your purchase, you should also consider the cost of storing and maintaining your vessel. Another cost of boat ownership is the cost of fuel, which can range from 300-800 dollars a year. Insurance is another cost to be aware of, however, boat insurance is usually more affordable than the average car insurance. For an in-depth walkthrough of the costs of boat ownership, watch this video from The Boating Guy.
If you want to learn more about the costs of boat ownership, Yarmouth Boat Yard will be happy to provide you with information. Call our Maine boat dealership at (877) 401-3461 to learn more about our fine seagoing boats for sale.