More than 14 million American households own at least one boat. If you’re thinking about joining them, you’re going to need to consider the cost of a boat before doing anything else.

But unfortunately, it can be a little bit difficult trying to calculate the average cost of a boat. There are so many factors that are going to go into it.

Today, we’re going to touch on a few of these factors so that you can try to come up with a number as far as what a boat is going to cost you. Continue reading to learn more about the factors that will have an impact on the cost of owning a boat.

Type

When you’re in the market for a boat, you’ll be able to choose from a wide range of different types of boats. Some of the most popular options are:

  • Fishing boats
  • Pontoon boats
  • Catamaran boats
  • Houseboats
  • And more!

The average cost of a boat is going to be based largely on the type of boat that you buy. The average cost of a pontoon boat is usually somewhere in the $10,000 to $20,000 range. The average cost of houseboats, meanwhile, is obviously a whole lot more than that.

Size

In addition to considering which type of boat you want when you’re attempting to calculate the average cost of a boat, you should also think about how big you want a boat to be. The bigger that a boat is, the more expensive it’s usually going to be.

There are some boats that are only big enough to hold a few people at most. There are other boats that are big enough to throw boat cruises on.

You should give some thought to how many people you plan to put on a boat on a regular basis. It’ll put you in a position to purchase the right size boat for the right price.

Age

At the end of the day, the age of a boat might be the biggest factor with regards to the price of it. Used boat prices tend to be a lot lower than new boat prices.

You should compare the prices on new boats vs. old boats to get some sense of what they’ll each cost you. You should also use a cost of owning a boat calculator to see what it’ll cost to maintain and repair each option. It should help you find a boat that will fit into your price range.

The Average Cost of a Boat Is…

The average cost of a boat can be anywhere from just a few thousand dollars to all the way up over the $100,000 mark. It’s tough to nail down an exact average because of all the factors associated with boat prices.

You should make it your mission to track down a boat that you can afford. It’ll help you enjoy your boat so much more and allow you to take good care of it.

Get more great information on buying a boat by browsing through the rest of the articles posted on our blog.

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