What’s more fun than being out on the water? Spending some time near natural bodies of water isn’t only good for our sense of enjoyment, it’s also beneficial for our physical and mental health.
Of course, if you’re looking to get out on the water more often, you may have considered boat ownership. Is it out of your budget? Boats are quite costly, and it may have you scratching your head about this kind of investment.
Why are boats so expensive? Read on and we’ll walk you through boat prices and why they are the way they are.
Boat Manufacturing Is Quite Expensive
Of course, the asking cost of just about any item is going to be based upon the cost of raw materials used to make that item. When it comes to boats, it turns out that there is a very large amount of expensive items involved.
Everything involved in the creation of the hull of the boat to the engine requires some very advanced materials.
Not only is it the cost of these raw materials (like fiberglass) but it’s also the shipping and movement of these items to the point of manufacture.
With global costs for just about everything on the rise, you can imagine how all of this continues to push the cost of the average boat construction up.
It’s a Matter of Supply and Demand
As we just established, boats are expensive to make, ship, and get in the hands of customers. For this very reason, fewer boats are made than you might imagine.
Even with the large price tag, boats are in high demand all across the world. This creates a supply and demand situation that will continually push the price of the average aquatic vessel up.
Specific types of boats, with lower levels of demand, might see their prices fall and become more reasonable. It’s certainly not impossible to pursue boat ownership, as Freedom Boat Club can explain, but it’s important to approach the task with the right financial mind frame.
Cost of Engines
Engines alone tend to push the cost of a boat up. If you’re looking at boats for sale and are shocked at the prices, stop to see how many engines are included with the boat models you’re looking at.
If there are multiple engines involved, that’s going to push your costs sky-high.
All you might need to do to find a better deal is to look at a vessel that has fewer (or even just one) engine.
Why Are Boats So Expensive?
It’s a classic question: why are boats so expensive?
If you feel like boats are overpriced, the above information can help to explain a little about where all those high price tags actually come from. While this won’t magically make you ready to invest in a boat, it can help you to appreciate where these numbers come from.
Need more advice on boats and seagoing? Keep scrolling our blog for more.