Six Reasons to Rent Instead of Buying a Boat
Want to rent a boat? Think about it compared to a car rental. You can rent a car any time, virtually anywhere. Need a car at the airport? There are hundreds, if not thousands, to choose from. Need a bigger car to take a family vacation? You can usually rent one right where you live, from one of your neighbors even. Want to rent a sports car just because you can? No problem. Want to rent a boat? Most folks wouldn’t know where to start.
This is changing fast. Getmyboat makes boating more accessible with an easy-to-use platform for seamless bookings.
With thousands of listings all over the world, renting a boat has never been easier. Boats and water experiences of every size, shape, and power are available with the click of a mouse or a few clicks on the Getmyboat app.
This raises an important question for boating enthusiasts and would-be boating enthusiasts alike. Why buy when you can rent? This question didn’t really have an answer until recently, because finding a boat to rent was like trying to find a needle in a haystack. Where do you look? How do you work out the logistics? With Getmyboat, the world of boating is at your fingertips, and everything is taken care of. Now, even frequent boaters may ask, why buy a boat when you can rent one? Here are a few points in favor of renting instead of buying your next boat.
1. Boats Are Expensive
The upfront costs of boat ownership are generally pretty high. We’re talking tens of thousands of dollars, depending on the type of boat you like to use. Today’s ski/wake/surf boats with all the bells and whistles will land you north of $100,000. If you’re looking into something you can cruise/eat/sleep on, think $20,000—per foot—or more. That’s right. A nice 40-foot yacht can easily cost $800,000 or more. When you rent a boat, you pay for it when you use it—so the upfront cost of ownership is eliminated.
2. Boats Depreciate
Some people use (and deduct the interest on) their boats as a second home. It’s great—the ultimate waterfront property. The only problem is that, unlike most land-based second homes, boats depreciate just like cars do, meaning they lose value over time. Boats don’t measure their usage in miles, but in the hours that the engine has been used. The more you use your boat, the more value you take out of it. Of course, when you rent a boat, you don’t have to worry about its long-term value. All you have to do is enjoy the short-term fun!
3. You may have heard that BOAT stands for Bust Out Another Thousand
This phrase became popular because boats require a lot of maintenance. If you weren’t daunted by the sticker shock of the cost of a new boat, consider the maintenance costs. Everything is more expensive for a boat because they are generally out in the elements all of the time. The materials used to build a boat must be resistant to saltwater and constant exposure, which means they are more expensive. Whether your boat is sitting in a marina or in your backyard, the elements will take their toll and require consistent cleaning and inspection. Also, if you don’t have room for a boat on your own property, you’ll likely be paying a marina or storage yard a monthly fee. Add insurance costs to that and you’ve got some serious financial obligations. When you rent a boat, none of this is your problem.
4. There are many kinds of boats to enjoy
The nice thing about renting is that you can rent different boats for different reasons. Want to spend the day fishing? Rent a fishing boat. Wakeboarding? Rent a wakeboard boat. You get the drift. A weekend getaway on a yacht with the wind as your propulsion? Rent a sailboat. There are so many different ways to enjoy boating—owning a boat limits you to what one vessel is designed for. There are also so many places to enjoy boating. You can go fishing in British Columbia for one trip and cruise the Caribbean the next time the sea calls your name.
5. Boats are idle 92% of the time
The average boater uses his or her boat about 8% of the year. That leaves 92% of the year when the boat is not in use. Twelve months per year of storage, maintenance, and insurance for 30 days of enjoyment? Hmmm. As mentioned above, when you rent a boat, you’re only paying for the hours you use it.
6. No guilt when you leave the dock
When you own a boat and you don’t use it, you feel guilty. Why? Because you have this huge investment that you love, so why would you do anything else on a summer weekend? Well, there are lots of reasons. There are lots of other fun activities and destinations to enjoy – you might enjoy them less if you’re leaving your boat idle and empty.
Perhaps the biggest benefit of making boat rental easier and more accessible is for people who would never consider boating as a pastime in the first place. The high cost of ownership leaves a lot of people on the sidelines. With online rentals coming of age, these people can give boating a try. Maybe you have always wanted to anchor at a secluded beach to watch the sunset, or wake up to the sound of water gently lapping against the hull outside your cabin. Try it for a day, a weekend, or a week. Maybe you’ll love it and do it again. If not, you’re not committed to anything.
