If you’re in the market for a new boat, you might be wondering how to make sense of the many different types, sizes, brands and models. The good news is that it’s easier than you might think! Consider this a basic buyer’s guide to finding your next boat.

1. Know Your Needs

There’s a big difference between a yacht meant for leisure and a fishing boat meant for business. Before you start browsing marine catalogues, decide what kind of vessel you’re looking for, and narrow your search to that particular type. You’ll save a lot of time if you know in advance that you’re seeking a tugboat with a high-tech motor and plenty of deck space.

2. Think About the Future

Before you invest in that classic powerboat, think about the long-term costs of keeping it upright. Are replacement marine parts still being manufactured for it? Are they expensive? Will you have to import them? What about the average fuel price? What kind of annual repairs are you looking at, and how much will they cost?

3. Mind Your Budget

Speaking of costs, you’ll definitely want a budget as you shop for your new boat. It’s too easy to get carried away and overspend on non-essentials like paint jobs and fancy anchors! Give yourself a price range as you browse, and don’t let yourself stray from it. You can always buy those fancy upgrades next year instead of right this second.

4. Read Reviews

Last but certainly not least, check out the reviews of the boat that you’re thinking about buying. If previous customers love it, it’s probably worth the investment. On the other hand, if everyone is bitter about their wasted money and warning other people not to fall for the brand’s promises, you’ll probably want to heed their advice.

These are just a few tips for buying a boat. Whether it’s your first or your fifth, it’s important to know what you’re doing before you pull out your credit card. You’ll want to be fully confident in your vessel before you take it on the water. Good luck!