What You Need to Know Before Buying a Boat

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July 21st, 2025

Buying a boat is more than just picking a model—it requires planning and handling key steps like financing, insurance, inspections, and paperwork. Here’s a streamlined guide to help you navigate the process with confidence.

Key Steps in Buying a Boat

1. Choose the Right Boat

Start by thinking about how you’ll use your boat—whether for fishing, cruising, or water sports. Match the size, features, and type to your lifestyle, local waters, and experience level.

2. Set a Budget

Don’t stop at the sticker price. Factor in costs like maintenance, storage, insurance, fuel, and repairs. If you need financing, explore marine loans, dealership plans, or personal loans, and consider getting pre-approved to simplify the process.

3. Do Your Research

Compare both new and used boats. Check reviews, visit sellers, and if buying used, inspect the vessel for wear, engine hours, and repairs. Ask for maintenance records and make sure everything checks out.

Paperwork & Legal Essentials

- Bill of Sale & Title

Get a clear bill of sale with the boat’s details, plus a properly signed title. These are crucial for proving ownership.

- Registration & Insurance

Register your boat as required by your state, and protect your investment with appropriate insurance—even if it’s not mandatory where you live.

Inspections & Verification

- Marine Survey

Have a marine surveyor inspect the boat’s structure, engine, electrical systems, and safety equipment—especially for used boats.

- Hull Identification Number (HIN)

Check the HIN against the boat’s paperwork to confirm identity and rule out theft or fraud.

Financing Basics

Lenders typically look for a solid credit score and proof of income (like pay stubs or tax returns). Pre-approval helps define your budget and makes you a stronger buyer.

Registration & Taxes

You’ll likely need to submit a bill of sale, title, insurance, and registration forms to your local agency. Be prepared to pay sales tax and any titling or registration fees.

Don’t Forget Storage

Once you’ve purchased your boat, you’ll need a secure place to store it—especially if space at home is limited.

Haslet Boat & RV Storage offers reliable, convenient storage options to keep your boat protected year-round.

Boat buying is a process, not a quick purchase. From choosing the right model to handling paperwork and arranging storage, every step matters. Plan ahead, stay informed, and enjoy your time on the water with peace of mind.