Boats for Sale in Iowa: Some Savvy Boat Shopping Tips for Retirees

Many retirees in Iowa dream of a grand cruise on the world’s oceans, yet others are content with buying boats for sale and doing something as simple as sailing into lakes and open seas, and lounging as they fish for their favorite game. Apart from recreational and relaxation benefits, having a boat of their own also gives aging retirees a greater sense of independence because most models can be operated without requiring onboard assistance. Moreover, shopping for a boat can be summed up to four simple steps: finding the boat, writing the check, completing the registration papers and finally, taking the boat home. 

You may opt to buy a brand new boat but if you want to save money, there are like-new, well built, properly maintained used boats available, too.  If you enjoy both inshore and offshore fishing, a powerboat is highly suggested. The smaller types can be easily pulled by a trailer or parked at your own home.  You’ll find a multitude of options, but in finding the right boat, there are a few things you need to consider aside from it being affordable for you. For instance, consider whether you intend to share it with your family or friends (and how many of them), and whether your current boating skills closely match the model you wish to have. If you’re not that experienced, don’t be intimidated. Boating is fairly easy to learn with professional instruction.

If you’re retiring soon, now may be the best time to buy your boat. Not only can you explore many areas early on, but you can also set the boat up for business (e.g. rental) and use existing tax advantages to build equity.  You can either pay down the entire loan amount or refinance it with a smaller rate come retirement. Either way, using it as another source of passive income can greatly help paying it off.

Some of the most popular powerboat brands you can choose from are Bennington, Lund, Landau and Crestliner. Owners of these boats usually form online clubs and forums where you’re free to chat up about what you wish to learn more about the model. If you’re looking for a boat here in Iowa, consider discussing your needs and wants with local boat dealers, like White’s Marine Center, to get a boat you’ll love to sail into the sunset on for years to come.

Sources
7 Tips for Buying a Boat Without Sinking Your Finances, MoneyTalksNews.com
How To Buy Your First Boat, BoatTest.com