Boating has surged in popularity during the pandemic with many deciding to start enjoying what the boating fraternity has long experienced – the joy of being out on the water. This increased interest in boating has brought many newbies into the market. Starting out in any new recreational activity or venture comes with its challenges and issues to work through. For those coming into boating, the first issues to be resolved are around which boat to purchase and where to source boat finance. Buying at the lower price point end of the market can be a good place to start. There is a great selection of beginner budget boats on the market and cheap boat loans are available to facilitate the purchase.
As specialists in marine finance, Jade Boat Loans shares tips, hints and suggestions for getting into boating, beginner boat models and direct assistance with securing a cheap interest rate boat loan.
Getting into Boating
Discover Boating offers a range of information for those interested in getting into boating. Definitely worth reading the articles and noting details around safety and especially for junior boaters if planning to take the family out on the boat.
To drive a boat you need to get a boating licence, even for small tinnies and jet skis. Check your state’s maritime authority to apply. Requirements will differ from state to state.
In addition to getting a licence, studying the boating laws and regulations in the areas you intend to travel is essential. Knowing the meaning of different markers and indicators is extremely important for safe boating.
If you haven’t had much on water experience, joining a boating club or group and securing a crew position on someone else’s boat can be a great way to get a taste for what is involved.
While to some, driving a boat may appear pretty much the same as driving a car, it’s not. Boating involves operating your own vessel while keeping out for other vessels, the waves, wind, tides and other weather conditions. Having a good understanding of weather and interpreting forecasts is critically important. The BOM web site has a wealth of information and resources and a very handy app for real-time forecasts and conditions.
Most new boat owners will select a trailer boat. So along with the boating skills, owners need to also polish up on their towing skills to avoid boat ramp mishaps and safely navigate through traffic. Put your pride aside and enrol in a course!
Budget Boat Market
Beginner boaters will usually select a budget priced boat as their first purchase. Usually this will be a tinnie, small half-cabin or similar boat. Before making the decision, remember that these types of boats require a trailer, a vehicle with the capacity to tow the trailer and boat and somewhere to park or store the trailer and boat when not in use.
Theft of boats/trailers has been reportedly on the rise so securing a safe place to store the boat when not in use is important.
To assist in deciding on the type of boat and what features and accessories you may need, read up! We’ve posted a range of blogs on the topic and sites such as boatsales and others have a wealth of advice articles from the experts. Key considerations in our humble opinion especially for family boats is to have toilet facilities, somewhere to rest and shade and protection from the weather.
New trailer boats can be sold in a number of configurations:- boat only, boat and motor, boat and trailer but no motor, and as a complete package. Package deals usually offer great value and we do provide boat loans for all options.
Some of the budget-priced boats on the market include:-
- Stacer 379 Territory Striker
- Many of the models from Quintrex
- Makocraft range including their 445 Commander HD
- The range of Savage boats including the Beachcomber
A great way to see multiple makes and models on display is to attend a boat show. At this stage, the calendar of boating and outdoor shows for 2022 is proceeding so check our articles and www.bia.org.au for dates and locations.
Boat Loan Options for Beginner Boaters
When it comes to applying for boat loan, Jade Boat Loans offers the same Secured Boat Loan for new boat purchases for both first-time buyers and seasoned salties. We individually source the cheapest loan offer to suit the individual applicant.
Boat loans are not offered as specific loans by all banks and lenders, so engaging a specialist marine finance lender such as Jade can deliver a cheaper and better-suited loan.
When comparing boat prices, use our Boat Loan Calculator to quickly convert that price into possible loan repayments.
Additional Considerations
When buying a boat with finance, borrowers will be required to take out an insurance policy on the goods. This includes both boat and trailer for trailer boats. They may require different policies.
Ensure all those who will be regulars on the boat, friends and family, know the emergency procedures especially operating the VHF radio and beacons.
Life jackets and other safety equipment are required by law. By including these items at the point of purchasing the boat our consultants can often include the costs in the boat loan.
Jade Boat Loans provides an expert, professional lending service to ensure new boat buyers can easily and seamlessly acquire the best boat loan to make their purchase.
To discuss finance to buy your first boat contact Jade Boat Loans on 1300 000 003
DISCLAIMER: THE INFORMATION AND SPECIFIC DETAILS CONTAINED IN THE CONTENT OF THIS ARTICLE HAVE BEEN PREPARED AND ARE PRESENTED PURELY AS GENERAL INFORMATION AND NOT INTENDED AS THE ONLY SOURCE OF FINANCIAL ADVICE FOR BOAT BUYERS AND LOAN BORROWERS. FOR THOSE THAT CONSIDER THEY REQUIRE SPECIFIC ADVICE, THEY SHOULD CONSULT WITH A FINANCIAL ADVISOR. LIABILITY IS NOT ACCEPTED IN REGARD TO ERRORS AND MIS-PRESENTED DATA AND DETAILS HEREIN.
