7* Year Vehicle Loans

*applicable to cars, caravans, motorhomes and motorbikes only, under 10 years old and above $20,000

Credit One logo

9 Handy Tips for First-Time Boat Buyers

Tuesday, 21 December 2021

9 Handy Tips for First-Time Boat Buyers

Owning a boat is a dream come true to boating enthusiasts staying close to water bodies like an Oceanside, sea, or lake. With a boat, you get to enjoy quality recreational time with friends and family, explore the deep waters, and earn a substantial income if you wish to do tours and ceremonies.

However, not everyone can afford to buy a boat outright. At Credit One, we offer the best boat loans in New Zealand. But before you apply for a loan and buy a boat that suits your needs, here are nine tips that will benefit first-time boat buyers. Let’s dive straight in!


Know the Best Boat Type

First-time boat buying in New Zealand can be exciting.  But don’t let the excitement overwhelm you and you end up picking any boat you come across. Different boats are suited for various activities. You need to choose a quality and well-customized boat that suits your preferred activities.


Have a Budget

Before you start shopping, set a budget. The money you plan to spend will determine if you will get a new or used boat. New boats might cost a little bit more because most parts are new, and it needs less upkeep. If you are on a tight budget, get a used boat in NZ. But first, have it examined to ensure it is in the best condition.


Try Your Preferred Boat

Whether you are buying a new or used boating vessel, ensure you ask for a sea trial. The goal here is to test how the vessel handles water. Taking the boat for a test drive will also give you a chance to see the boat in action. From this, you can easily determine if it’s the best for you.


Check the Boat Storage

The mistake most first-time boat buyers in NZ make is not thinking about storage. When looking for boat storage, try to check out the areas where you plan to use the boat. That will help reduce the travel time. You also need to ensure the storage facility is secure.


Do Some Training

There are many things that first-time boat owners have to learn, from driving the boat to dealing with waves and tides. That’s why it is always a good idea to have someone show you the tricks for both safety and practicality. If you plan on riding the boat yourself, you will need to get a boat driver’s license.


Prioritize Boat Insurance

Just in the same way you would not get a vehicle without insurance, don’t buy a boat and fail to protect it against inconveniences like damage and theft. The right insurance cover will protect your investment as well as the occupants.


Have a Maintenance Schedule

Boat maintenance is not an exception; it’s not something you can get around with. The best way to handle this is by learning boat maintenance practices and prioritizing simple routine maintenance activities. Taking up a small task each time you get aboard means not tackling a large job later. Contact a professional where the problem needs expert attention.


Be Ready for Anything

Life at sea is full of surprises, and you need to equip yourself with the right accessories you can use in case of a problematic situation. Some equipment you shouldn’t miss in your boat include:

  • First aid kit
  • Floating devices
  • Thermal clothing
  • Whistle or bell
  • Fire extinguisher


Choose a Reliable Dealer

When choosing a boat dealership in NZ, go for reliable, trustworthy, and cost-friendly companies. If possible, buy from a well-reputed boat dealer with many years in the boat selling business. Don’t worry if you don’t know who to approach; Credit One sources the best lenders and dealerships for you.


Finance Your First Boat with Credit One

Credit One is here to make your dream to own that luxury charter boat, fishing vessel, or yacht come true. Whether you want secured boat loans, private sale boat loans, or business finance boat loans, you can now apply with us from the comfort of your home. Don’t hesitate to call us for a consultation or a free marine finance quote.