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Before you go out and purchase your boat, remember

that boating is a hobby and you shouldn't go

overboard with it. Unlike your house, boating

isn't really worth going into debt for. First

time buyers who aren't sure about boating should

always make sure they spend well within their

budget.

To get the most out of your boat, it's always a

better idea to scrape up your recreational dollars,

sell a few of your belongings, and simply save up

for a while. In the meantime, you should carefully

study the boating market. When you manage to

save up 3,500 - 25,000 dollars, go ahead and buy

the boat you want.

Whatever you do, make sure you don't spend all of

your money on the just the boat itself. When you

purchase the boat, you'll need to have enough

money for taxes, registration, storage, towing

insurance, gas, equipment, and even minor repairs

if your boat requires them.

When buying a boat, used or new, cash is always

better than financing. You can save money with

cash, as there are no finance charges. Financing

charges can get high, very high in fact if you

don't know a lot about it.

If you simply must finance your purchase, it's a

smart idea to use a home equity loan instead. This

way, it'll be tax deductible. Always be on the

lookout for boat show financing, and never, ever

use it. Several boat show financing ploys will

extend the loan out over the course of 10 - 15

years.

A new boater will either advance with boating or

get out of it all together. Most boaters don't keep

their boat for more than 10 years, which is reason

enough not to get an extended finance loan on your