How much does it cost to buy and maintain a boat?
When it comes to buying a boat, costs can be a big factor, especially if it’s your first boat. As well as the initial boat purchase price, you’ll need to allow for annual registration fees, maintenance, insurance and fuel but it’s not as daunting as it sounds: with some care and regular boat maintenance, unexpected costs can be kept to a minimum. Here’s our go-to guide with everything you need to know about how much it costs to buy and maintain a boat.
How much does it cost to buy a boat?
As with any type of vehicle, there’s a wide price range for new and used boats. You can pick up a new Quintrex Dart which is a great little runaround and first boat from just $2,000-$3,000, quality fully serviced trailer boats start at about $12,000 and of course the larger the boat, the more inclusions and features, the more you’ll pay. One of the best things about buying a boat is that there really is a boat for every budget and every lifestyle with lots of families hitting the water on a safe, reliable and well-built trailer boat for the same price as a second car!
What should I expect for Boat Maintenance Costs?
The best way to save money on unexpected maintenance costs and issues is by keeping it in the best possible condition. That means repairing common wear and tear, regular oil changes and rinsing off the salt water after a trip out to keep everything working well. Our boat maintenance guide here has lots of practical tips. An average annual service with no unforeseen issues starts at about $450 and of course being pro-active will help keep costs down.
What other costs do I need to think about if I buy a boat?
Boat registration in NSW is required each year and starts at $89 for boats up to 3m long, increasing with boat size. Insurance is always a good idea and you’ll need to invest in some safety gear such as a first aid kit, flares and of course a life jacket for every passenger. As with any vehicle you’ll need to factor in fuel and insurance, and many boats come with a package that includes the trailer, fishing accessory essentials and Yamaha outboard.
While it’s important to consider the costs of buying and maintaining a boat, time spent chasing fish, exploring local waterways or enjoying watersports with your family is priceless!
If you have any questions or want some help finding the right boat for you, drop into one of our showrooms in Sydney, Wollongong or Batemans Bay to check out our range of quality, clearly priced new and used boats. With 75 years of experience, Hunts Marine is your one stop boating shop!
Find out more at HuntsMarine.com.au, give us a call on (02) 9546-1324 or get in touch with our team.
