Owning a boat comes with several benefits, the most prominent ones being the freedom to hit the waters whenever you feel like it and customize the vessel as you see fit. Nonetheless, buying a boat is an investment that has its downsides, too. That is why one of the best alternatives you have is to consult Newport Beach Duffy Boat Rentals. In this article, you will learn why hiring a boat is better than buying one.
Boats Carry Hefty Price Tags
One of the significant concerns you should have when purchasing a boat is the substantial upfront payments you are supposed to make. These vessels are among the most expensive items you can own, mainly focusing on luxurious types, such as a yacht. Some boats are pretty costly, and you may end up spending thousands of dollars paying for the buying price. Additionally, not all boat dealers have their shops near the beach or water bodies. Therefore, you also have to factor in the transportation costs of the vessel to the desired location. Renting a boat means you only pay for the time you need it.
You Have An Extensive Variety To Choose From
When renting a boat, you have the freedom to choose a different one in terms of size, color, and use than the one you used last week or last summer. This is not the case with buying, because you will be stuck with one vessel. This means you may also be required to spend more money, especially if you want to use a boat for a different purpose. If the boat you buy is a fishing vessel, for instance, it would be challenging to use it for a weekend getaway with your friends or family. That means you have to go back to the drawing board and rent a vessel you can use for such a purpose. On the flip side, renting means you can get just the vessel you need depending on how you intend to use it.
Value Depreciation Is High
Boats are like vehicles – their value depreciates over time. The difference is a car’s value is measured by mileage, while that of a boat is measured by the hours you have used the engine. Therefore, the more you use your vessel, the more its value goes down. On the contrary, when you rent a boat, your concern is not about its long-term value. You simply concentrate on enjoying the time you have paid for.
Distance From Water Bodies
Most boat owners reside near water bodies, such as lakes, oceans, and seas. Even though they do not use the vessel, they can rent it out to visitors and tourists. If you live far from water bodies and boating is a thing you do only during vacations, renting a boat is better than buying one.
It is upon you to understand why hiring a boat is better than purchasing one from the market. The above information will help you make an informed decision.