Discover Affordable Dreams: Cheap Yachts for Sale Under $100k

Dreaming of owning a boat but worried about the cost? You’re not alone. Many people think yachts are only for the super-rich, but that’s just not true anymore. There are tons of great boats out there that won’t break the bank. We’re talking about finding cheap yachts for sale under $100k, and it’s totally doable. Whether you want to cruise around the bay or explore new waters, there are options for almost everyone. Let’s look at what’s available and what you need to know.

• You can find a variety of sailboats, motorboats, and even catamarans for sale under $100,000.
• Popular brands like Bayliner and Sea Ray often have models available in this price range.
• When buying, think about how many people will be on board and how far you want to travel.
• Expect common features like GPS, a radio, seating, and basic cabin space on boats in this price bracket.
• Remember to factor in extra costs like insurance and annual maintenance when budgeting for your boat.

So, you’ve been dreaming about owning a boat, maybe even a yacht, but the price tags you see online make your eyes water. Well, guess what? You don’t need a million bucks to get out on the water. There are actually a bunch of cool boats out there for less than $100,000. It’s not about finding some beat-up old tub; it’s about knowing what to look for and understanding what you can get in this price range. It’s totally possible to find something that fits your budget and still lets you live out those boating fantasies.

People often wonder why someone would want a smaller yacht when there are those massive ones out there. But honestly, smaller boats have a lot going for them, especially if you’re just starting out or you’re on a tighter budget. They’re just easier to handle, plain and simple. You don’t need a whole crew, and docking them is way less stressful. Plus, they can get into all sorts of cool, shallow spots that bigger boats can only dream of reaching. Think about those quiet coves or little inlets that are off-limits to the giants.

Here are some reasons why smaller yachts are a smart move:

• Easier to manage: You can often operate them by yourself or with just one other person.
• Lower running costs: Less fuel, less dock space fees, and generally cheaper parts.
• Access to more places: Shallower drafts mean you can explore more secluded areas.
• Less intimidating: Great for new boat owners to learn the ropes without feeling overwhelmed.
• Maintenance is simpler: Fewer complex systems usually mean less hassle and expense when things need fixing.

It’s easy to get caught up in the idea that bigger is always better, but when it comes to boats, especially for personal enjoyment and budget-friendly adventures, smaller vessels often provide a more direct and enjoyable path to the water. They offer a unique kind of freedom without the heavy financial burden.

Alright, so you’re sold on the idea of a boat under $100k. That’s awesome! But before you jump in, there are some important things to think about. This isn’t like buying a car; there are a few more layers to peel back. You really need to figure out what you want to do with the boat and what kind of shape it’s in.

The most important thing is to get a professional survey done on any boat you’re serious about. This is like a home inspection, but for a boat, and it can save you from huge headaches down the road. You also need to consider what type of boat fits your lifestyle. Are you looking for a sailboat to catch the wind, or do you prefer the speed and power of a motorboat? Maybe you’re interested in something like cruising catamarans for their stability and space. Each type has its own set of pros and cons, especially when you’re sticking to a budget.

When you’re looking at boats in this price range, keep these points in mind:

• Your main purpose: Will you be fishing, cruising, doing water sports, or just hanging out at the dock?
• Passenger capacity: How many people do you usually plan to have on board?
• Sleeping arrangements: Do you need cabins for overnight stays, and if so, how many?
• Maintenance history: Ask for service records. A well-maintained older boat is often better than a neglected newer one.
• Hidden costs: Remember, the purchase price is just the beginning. Factor in insurance, docking fees, fuel, and regular upkeep.

When you’re looking for a boat under $100,000, you’re mostly going to be checking out the used market. That’s totally fine, though, because a lot of well-built boats from good companies hold up really well over time. The trick is knowing which brands generally offer solid construction and a good track record, even after a few decades. You want something that was built to last, not just look pretty for a season or two.

It’s not about finding the newest boat, but the best-maintained boat from a reliable builder. A little research into a brand’s history can save you a lot of headaches down the road.

Here are some things to keep in mind when you’re trying to figure out which brands are worth your time in this price bracket:

• Durability: Look for brands known for strong hulls and good overall construction. Fiberglass boats from the 80s and 90s, for example, can be incredibly robust.
• Parts Availability: Can you still get parts for this boat if something breaks? Older, more common brands often have better aftermarket support.
• Community Support: Some brands have dedicated owner groups or forums online. These can be goldmines for advice, troubleshooting, and even finding parts.
• Resale Value: While you’re buying used, thinking about future resale is smart. Brands that hold their value tend to be those with a good reputation for quality.

Alright, so let’s get down to some names you’ll probably see a lot when you’re hunting for a boat under $100,000. These aren’t the only ones, but they’re pretty common and often offer good value. Finding a well-maintained example from one of these builders can be a smart move for budget-conscious buyers.

Here’s a quick rundown of some popular boat builders and what you might expect from them in this price range:

• Bayliner: Often seen as an entry-level brand, Bayliner has produced a huge number of boats over the years. You’ll find many smaller cruisers and runabouts from them that fit well under the $100k mark. They’re generally simple, functional, and can be a great way to get on the water without spending a fortune.
• Sea Ray: This brand is super popular and for good reason. Sea Ray boats are known for their comfortable layouts and decent build quality. You can find a wide variety of older express cruisers, sport boats, and even some smaller yachts from Sea Ray that fall into this budget. They often offer a good balance of features and reliability.
• Boston Whaler: If you’re looking for something incredibly tough and unsinkable, Boston Whaler is a name that comes up. While many of their newer boats are pricey, older models, especially center consoles or smaller fishing boats, can be found for under $100k. They’re built like tanks and hold their value well.
• Chaparral: Chaparral builds a range of sport boats and cruisers. They’re often praised for their fit and finish, offering a step up in luxury compared to some other entry-level brands. Older Chaparral cruisers can be a fantastic deal, giving you a comfortable boat with good performance.
• Chris-Craft: This is a classic American brand with a long history. While their modern boats are high-end, older Chris-Craft models, especially some of their vintage cruisers or even wooden boats (if you’re into restoration), can be found. They often have a timeless appeal.
• Monterey: Monterey boats are known for their sleek designs and comfortable interiors. You can often find older express cruisers and sport yachts from Monterey that offer a lot of amenities for the price. They tend to be a good option if you want something that looks good and performs well.

It’s also worth noting that sometimes you can find larger, older vessels from other reputable builders that might surprise you. For instance, a 43 Hatteras Convertible can sometimes be found in this price range, offering a lot of space and a robust build for those looking for a more substantial boat. These older, well-built boats can be fantastic projects or ready-to-go vessels if they’ve been cared for.

So, you’ve got your budget set at under $100,000, and you’re wondering what kind of boat you can actually get your hands on. It’s a fair question, and the good news is, there’s a surprising amount of variety out there. You won’t be getting a brand-new, super-fancy yacht, but you can definitely find something solid that fits your needs, whether you’re into sailing or just want to cruise around with a motor.

When you’re looking at boats under $100k, you’ll find a pretty good mix of both sailboats and motorboats. Each type has its own vibe and what it’s good for.

For sailboats, you’re generally looking at older models, maybe somewhere in the 25 to 40-foot range. These boats often come with a lot of character, and sometimes, a bit of a project list. But if you’re someone who loves the quiet glide of wind power and doesn’t mind a bit of hands-on maintenance, a sailboat can be a really rewarding choice. They’re usually pretty fuel-efficient, which is a nice bonus, and they offer a different kind of connection to the water. You might find classic designs that have stood the test of time, perfect for weekend trips or even longer coastal adventures if they’re well-maintained.

Motorboats, on the other hand, offer speed and convenience. In this price bracket, you’ll see a lot of older cruisers, fishing boats, or smaller express yachts. Think boats from the late 90s or early 2000s, often in the 20 to 35-foot range. These are great for day trips, watersports, or getting to your favorite fishing spot quickly. They’re generally easier to operate for beginners since you don’t have to worry about sails and rigging. You’ll want to pay close attention to the engine’s condition, as that’s where a lot of the value (and potential repair costs) lies. Many of these boats will have basic cabins, maybe a small galley, and a head, making them suitable for overnight stays.

It’s important to remember that regardless of type, boats in this price range will likely be pre-owned and might require some immediate attention or ongoing upkeep. A thorough inspection is always a smart move before you commit.

Beyond the traditional monohull sailboats and motorboats, you might also stumble upon a few other types, though they’re less common in the under-$100k market.

Catamarans, with their two hulls, offer incredible stability and a surprising amount of deck space for their length. Finding a cruising catamaran under $100k is a bit like finding a needle in a haystack, but it’s not impossible. If you do find one, it will almost certainly be an older model, likely smaller (think 25-35 feet), and probably in need of some serious love. They’re fantastic for shallow waters and offer a very comfortable ride, but their wider beam can make docking and finding slips a bit more challenging and sometimes pricier. They’re often sought after for their spacious living areas and ability to anchor in very shallow spots.

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Okay, so you’ve got that dream of owning a boat, and you’re sticking to a budget under $100k. That’s totally doable, but it means you gotta be smart about it. It’s not just about finding a boat that looks good; it’s about finding one that actually fits your life. Before you even start browsing listings, you really need to sit down and figure out what you’re actually going to do with this boat. Trust me, skipping this step is how people end up with a boat that’s either too big, too small, or just plain wrong for them. And nobody wants to be stuck with a boat that doesn’t quite work out, especially when you might consider Selling your yacht down the line if it’s not the right fit.

This is where you get real about who’s coming along for the ride and how far you plan to go. It’s easy to get excited by a boat’s looks, but if it can’t hold your crew or get you where you want to go, it’s just a pretty dock ornament.

• Passenger Count: Are you a solo adventurer, a couple, or do you plan on bringing the whole family and a bunch of friends? A small runabout might be perfect for two, but if you’re picturing weekend trips with six people, you’ll definitely need something with more space and seating. Don’t forget about safety regulations for capacity, either; overloading a boat is a big no-no.
• Cruising Range: Think about your typical outing. Are you just puttering around a local lake for a few hours, or do you dream of longer coastal trips, maybe even island hopping? This directly impacts the fuel tank size and engine efficiency you’ll need. A boat designed for short hops won’t cut it for extended journeys, and you’ll be constantly worried about running out of gas.
• Storage: Beyond people, what are you bringing? Coolers, fishing gear, water toys, safety equipment? All this stuff needs a place, and smaller boats often lack adequate storage, which can get frustrating fast.

This is probably the most fun part, but also where people get sidetracked by shiny objects. What you want to do on the water should heavily influence the type of boat you buy.

• Motorboat vs. Sailboat: This is a big one. Do you want speed and power, or the quiet serenity of the wind in your sails? Motorboats are generally easier to operate for beginners and often offer more interior space for their length, but they burn fuel. Sailboats are more about the journey, can be more fuel-efficient (or use no fuel at all!), but they require more skill and patience to master.
• Planned Activities: What’s the main reason you want a boat? Be specific.
  • Fishing: You’ll want rod holders, livewells, and maybe a fishfinder. A center console or a dedicated fishing boat might be ideal.
  • Watersports: Look for boats with tow points, swim platforms, and enough power for tubing or skiing. Bowriders or deck boats are often good for this.
  • Cruising/Entertaining: Comfort is key here – ample seating, a good sound system, maybe a small galley. Pontoon boats or larger cruisers fit this bill.
  • Overnight Stays: This leads into the next point, but if you plan to sleep on board, you’re looking at cruisers or sailboats with cabins.
  • Day Tripping: Simpler boats like bowriders or center consoles might be perfect if you just want to get out on the water for a few hours.

It’s easy to get caught up in the excitement of boat shopping, but taking the time to honestly assess your lifestyle and how a boat will fit into it can save you a lot of headaches and buyer’s remorse later on. Think about your typical weekend, your vacation plans, and even how much time you realistically have for maintenance.

If you’re thinking about spending nights on the water, this section is super important. Not all boats are made for sleeping, and even those that are vary wildly in comfort and privacy.

• Number of Berths: How many people absolutely need a dedicated sleeping spot? Some boats have convertible dinettes or V-berths that can sleep two, while others might have a separate aft cabin. Don’t just count the number of "sleeps" a listing claims; visualize how comfortable those sleeping arrangements actually are. A cramped V-berth might be fine for a quick nap, but not for a week-long trip.
• Privacy: Do you need separate cabins for privacy, or is an open-plan layout fine? This often dictates the size and type of boat you’ll need. A small cuddy cabin might offer a place to nap, but it’s not really "sleeping accommodations" for a family or two couples.
• Head (Bathroom) Needs: Is a porta-potty okay, or do you need a proper marine head with a holding tank? This is a huge factor for comfort, especially on longer trips or with multiple people. A boat without a proper head can quickly become a deal-breaker.
• Galley (Kitchen) Space: If you’re staying overnight, will you be cooking? Even a small sink and a single burner can make a big difference. Some boats under $100k might have a basic galley, while others will have nothing more than a cooler space. Think about how you’ll handle meals and drinks on board.

When you’re looking at yachts under $100,000, it’s easy to think you’ll be sacrificing a lot of the comforts and tech. But that’s not always the case. Even with a budget under $100k, you can find yachts packed with features that make your time on the water comfortable and fun. Many of these boats, especially those from popular builders, come with a surprising amount of gear already installed, ready for your next adventure.

Modern boating, even on a budget, means having some decent tech onboard. Most affordable yachts will come equipped with the basics you need to get around safely and keep yourself entertained. You’ll typically find:

• A digital GPS or chartplotter: This helps you know where you are and where you’re going, often with basic mapping capabilities.
• VHF radio: Absolutely necessary for communication with other boats, marinas, and for safety calls.
• Depth sounder: Lets you know how much water is under your hull, which is pretty important for avoiding bumps.
• Basic stereo system: Usually with Bluetooth, so you can play your favorite tunes from your phone. Some might even have a small TV in the main cabin for movie nights.

Even smaller, more affordable yachts are designed to make your time on the water enjoyable, whether it’s for a day trip or an overnight stay. They might not have sprawling spaces, but they make good use of what’s available.

• Seating: You’ll usually find comfortable seating areas on the bow (front) and aft (back) decks, often with cushions for lounging. Many also have a covered spot for the helm, keeping the captain out of the sun or rain.
• Cabins: Most yachts in this price range will have at least one cabin, sometimes two, offering sleeping space for a few people. These often include a compact galley, which is basically a small kitchen with a sink, a stovetop (sometimes just a single burner), and a small refrigerator. The dining area is usually a convertible space, meaning a table that can fold down or convert into an extra berth.
• Storage: Space is always at a premium on a boat, but these yachts usually have clever storage solutions like lockers under seats, small closets, and compartments for gear and supplies. You’ll be surprised how much you can stash away.

It’s easy to underestimate what a sub-$100k yacht can offer. While they won’t have all the bells and whistles of a superyacht, the core amenities are often more than sufficient for weekend trips or even longer coastal cruises. The focus is on practical comfort and functionality, allowing you to truly enjoy the boating lifestyle without breaking the bank.

Beyond the comforts and electronics, a yacht needs fundamental equipment to operate safely and provide fun. What’s included can vary, but there are some common items you should expect.

• Anchors: Every boat needs an anchor. You’ll typically get a primary anchor with chain and rode, suitable for most anchoring situations.
• Sails and Rigging (for sailboats): If you’re looking at a sailboat, it will naturally come with a full set of sails (main and jib, at least) and all the necessary rigging, lines, and winches to operate them. These vessels, while budget-friendly, still open up a world of exploration, allowing you to discover hidden coves or even plan trips to places like the charter yachts if you’re feeling adventurous.
• Water Toys: While not always standard, many used boats might come with some basic water toys left by the previous owner, like inflatable tubes, a paddleboard, or even a small dinghy. It’s always worth asking what’s included in the sale.
• Safety Gear: Though not always listed as an amenity, expect basic safety gear like life jackets, fenders (to protect the hull when docking), and dock lines. Always check the expiry dates on safety equipment like flares.

So, you’ve found a sweet deal on a yacht under $100k. That’s awesome! But before you pop the champagne, it’s super important to remember that the purchase price is just one piece of the puzzle. Owning a boat, even a budget-friendly one, comes with ongoing expenses. Thinking about these costs upfront will save you a lot of headaches down the line.

When you’re buying a used boat, especially through a broker, there are some things to know about the money side of things. A good broker acts like your guide, making sure the whole process is clear. They should lay out all the costs involved so there are no nasty surprises. Think of it like buying a house; you get a list of what comes with the property. With a boat, it’s the same. The sales agreement will detail exactly what items are included in the purchase. This could be anything from the anchor and lines to specific electronics or even spare parts. Always make sure you get a clear, written list of everything that’s part of the deal before you sign anything. This way, you know exactly what you’re getting and what you might need to buy separately.

Okay, let’s talk about insurance. While it might not be a legal requirement everywhere to have your boat insured, it’s really, really smart to get it. Imagine something goes wrong – a collision, theft, or even just a bad storm. Without insurance, you’re on the hook for all those repair or replacement costs, and that can add up fast, way more than your initial boat budget. It’s your job to shop around for insurance. Don’t just go with the first quote you get.

• Look for policies that cover liability, property damage, and personal injury.
• Consider coverage for salvage and wreck removal, which can be surprisingly expensive.
• Ask about deductibles and how they affect your premium.

Getting proper coverage protects your investment and gives you peace of mind when you’re out on the water.

This is where a lot of new boat owners get surprised. A boat isn’t a one-time purchase; it’s an ongoing relationship with your wallet. Generally, you can expect to spend about 10% to 15% of your boat’s value each year on maintenance and operations. So, for a $50,000 boat, that’s $5,000 to $7,500 annually. This number can change based on your boat’s size, where you keep it, and how much you use it.

Here’s a breakdown of common annual costs:

• Dockage or Storage: This is often the biggest chunk. Marinas charge by the foot, and prices vary wildly by location. If you’re storing it on a trailer, you’ll have storage fees or space considerations.
• Routine Maintenance: Engine servicing (oil changes, filter replacements), hull cleaning, waxing, and general upkeep. This keeps your boat running well and looking good.
• Repairs: Things break. It’s just a fact of boat life. Having a slush fund for unexpected repairs is a good idea. Sometimes, a little yacht restoration can save you a lot of money in the long run.
• Fuel: Depending on how much you use your boat and its engine type, fuel costs can add up.
• Winterization/De-winterization: If you live in a cold climate, preparing your boat for winter and then getting it ready for spring is a necessary expense.
• Registration and Permits: Annual fees to your state or local authorities.
• Miscellaneous: Cleaning supplies, safety gear updates, small upgrades, and unexpected bits and pieces.

It’s easy to get caught up in the excitement of buying a boat, but ignoring the ongoing costs is a recipe for disappointment. Budgeting for these regular expenses from the start means you can enjoy your time on the water without constant financial stress. A well-maintained boat is a happy boat, and a happy boat owner is one who planned ahead.

So, you’ve found a great yacht that fits your budget, maybe even one of those cool used boats under $100k. That’s awesome! But for most folks, even a sub-$100k boat isn’t something you just pay for with cash. This is where financing comes in. Getting a loan for a boat is pretty similar to getting one for a car or even a house, but there are some specific things to know about marine loans. It’s not as scary as it sounds, and with a bit of planning, you can make that dream of owning a yacht a reality.

When you’re looking to finance a boat, you’ve got a few places you can go. The most common options are traditional banks, credit unions, and specialized marine lenders. Each one has its own way of doing things, but they all generally look at your financial picture to decide if they’ll lend you money and at what rate.

• Banks: Your local bank might offer marine loans, especially if you already have accounts with them. They can be a good first stop.
• Credit Unions: These often have competitive rates and might be more flexible, especially if you’re a member.
• Specialized Marine Lenders: These companies focus only on boat loans. They often have a better understanding of the marine market and might offer more tailored products or longer repayment terms. They know boats, which can sometimes make the process smoother.

When you apply, lenders will check your credit history. A good credit score usually means you’ll get a better interest rate. They’ll also look at your income and other debts to make sure you can handle the monthly payments. For loans under $100,000, a simple credit application is usually all that’s needed. It’s a straightforward process, really.

Don’t just jump at the first loan offer you get. Take some time to shop around. Different lenders will have different rates and terms, and even a small difference in the interest rate can save you a lot of money over the life of the loan. It’s worth the effort to compare.

Okay, so you’ve got your loan options figured out. Now, let’s talk about the money you’ll need upfront and how long you’ll be paying it back.

Most marine loans will ask for a down payment. This is the chunk of money you pay out of your own pocket when you buy the boat. It shows the lender you’re serious and have some skin in the game.

• Typical Down Payment: You’ll usually see lenders asking for anywhere from 10% to 20% of the boat’s purchase price as a down payment. So, if your yacht costs $80,000, you might need to put down $8,000 to $16,000.
• Impact on Loan: The more you put down, the less you have to borrow, which means lower monthly payments and less interest paid over time. It’s a good idea to put down as much as you comfortably can.

Then there are the repayment terms. This is how long you have to pay back the loan. Marine loans can have pretty long terms, sometimes stretching out for many years.

Longer terms mean lower monthly payments, which can make the boat more affordable on a day-to-day basis. But, and this is a big "but," a longer term also means you’ll pay more in total interest over the life of the loan. Shorter terms mean higher monthly payments but less overall interest. It’s a balancing act between what you can afford each month and how much you want to pay in total. Think about your budget and how long you plan to keep the boat.

So, you’ve found a great deal on a yacht under $100k. That’s awesome! But buying it is just the first step. You also want to make sure that boat lasts a good long time and, if you ever decide to sell it, that you get a decent amount back. It’s all about getting the most out of your investment, right? Keeping your boat in good shape isn’t just about enjoying it now; it’s about protecting its future worth.

When you’re looking at a budget yacht, some things really help it hold its value over time. It’s not just about the initial price tag. Think about the brand first. Some boat builders just have a better name, and their boats tend to be more sought after, even years later. Then there’s the boat’s history. A yacht that’s been looked after, with clear records of service and care, will always be worth more than one that’s been neglected.

Age plays a big part too, obviously. Boats, like cars, lose a chunk of their value pretty quickly after they’re new. Most small yachts might drop about 20% to 30% of their value in the first five years. After that, the depreciation usually slows down a lot. This is why The ideal age to buy a used boat can be a smart move for your wallet. What the market wants also matters. If a certain style or size of boat is popular, it’ll sell faster and for more money. Lastly, if your boat has features that people really want, like updated navigation gear or comfortable living spaces, that helps its value too.

Keeping up with small fixes and regular cleaning can make a huge difference in how much your boat is worth down the road. It shows potential buyers that you cared for it, and that builds trust.

This is where you really make your money back, or lose it. A small yacht can last a really long time, sometimes 20 to 50 years, or even more, if you treat it right. It’s not magic; it’s just consistent effort. Think of it like this:

• Regular Cleaning: Keeping the hull clean, inside and out, stops grime and corrosion from building up. This prevents damage to the boat’s structure and finishes.
• Timely Repairs: Don’t let little problems become big ones. A small leak or a funny engine noise should be checked out right away. Fixing things early saves you a lot of money and headaches later.
• Engine and System Servicing: Just like your car, your boat’s engine needs regular oil changes, filter replacements, and tune-ups. The electrical and plumbing systems also need checks to make sure everything is working correctly.
• Winterizing and Storage: If you live somewhere with cold winters, properly preparing your boat for storage is a must. This protects the engine, pipes, and other systems from freezing and cracking.

Boats made from strong stuff like fiberglass or aluminum, when combined with a good maintenance plan, can stay seaworthy and hold their value for decades. It’s a commitment, for sure, but it pays off in the long run, both in how much you enjoy your boat and how much it’s worth when it’s time to move on.

So, it turns out that owning a piece of the water isn’t just for the super-rich. We’ve seen that plenty of great boats, from sporty motorboats to relaxing sailboats, can be found for under $100,000. Builders like Sea Ray, Bayliner, and Chris-Craft offer solid options in this price range. You just need to know what you’re looking for – how many people will be on board, where you want to go, and what kind of activities you enjoy. Remember to factor in insurance and ongoing costs, but don’t let that stop you. Your adventure on the water is closer than you think.

You can find many great boat builders that offer boats for sale under $100,000. Some popular brands to look for include Bayliner, Boston Whaler, Chaparral, Chris-Craft, Monterey, and Sea Ray. These companies often have models that fit within this budget, especially if you’re looking at used options.

Yes, the market under $100,000 has a good variety of boats. You can find both sailboats and motorboats, including different types like powerboats and even some catamarans. The selection depends on the size and style you’re interested in.

When buying a boat in this price range, think about how many people you want on board, how far you want to travel, and what activities you enjoy, like fishing or water sports. It’s also important to consider if you need sleeping space and how many cabins you’d like.

Expect features like GPS navigation, a radio system, an engine (inboard or outboard), seating areas, possibly one or two cabins below deck, and basic equipment like an anchor. Depending on the boat type, you might also find fishing gear or sails.

Besides the boat’s price, you’ll need to consider insurance, which is highly recommended even if not legally required. Also, budget for yearly maintenance, like cleaning and engine service, which can typically cost 10% to 15% of the boat’s value annually. Factor in costs for storage, fuel, and registration too.

Yes, you can get a loan for a boat, often called a marine loan. These usually require a down payment, typically between 10% and 20%, and you’ll have repayment terms that can stretch from 5 to 20 years. Some dealers might offer special financing deals.