How to Buy a Boat that Will Hold Its Value

Factors to Consider when Buying a Boat

Purpose and usage: What type of boat do you want? Whether you're buying a new boat or used, finding the right type that suits your needs is import. It's a decision that requires careful consideration, as the purpose and usage of the boat are key factors to weigh. Think about how you envision using the boat. Is it primarily for fishing, or do you also want a vessel that can provide enjoyment for the whole family?

Factors such as size, seating capacity, storage space, and amenities should be carefully evaluated when thinking about how you'll use you boat. 

What's your budget?

Determine how much you can comfortably allocate to purchasing and owning a boat. Consider the upfront costs, such as the purchase price, taxes, registration fees, and boat insurance expenses. Factor in recurring costs like maintenance, fuel, storage fees, and potential repairs down the line.

Be mindful of not only the initial purchase cost but also the long-term financial commitment. By assessing your budget comprehensively, you can identify the range of boats that fall within your financial means.

Size and Capacity

Think about the activities you have in mind for your boat, and the size required for your "crew" to be comfortable. Will you be spending your days fishing? Towing family and friends? Cruising the lake? All the above?

Consider factors such as storage and towing capabilities. Be mindful of the practical implications of the boat's size and ensure it fits seamlessly into your boating lifestyle.

Maintenance Requirements

Maintenance requirements can vary based on the type and age of the boat. Some boats, especially older ones, may require more frequent and intensive maintenance. Newer boats or those made with low-maintenance materials may require less routine upkeep.

Remember that regular maintenance is key to ensuring your boat's longevity, safety, and performance. Neglecting essential maintenance tasks can lead to more significant problems and hefty repair costs down the line. 

Research Reputable Boat Manufacturers

When choosing the right boat for your needs, thorough research into reputable manufacturers and models is paramount. And let me tell you, Lund stands tall among the rest. 

Are boats good investments? With one of the highest resale values in the fishing boat market, owning a Lund is like investing in a gem. It's not uncommon to own a Lund for 5 or 10 years and still get your original cost back when it's time to part ways. Dealers can't get enough of Lund boats. They know these boats practically fly off the showroom floor. 

Lund has a long and storied history of building superior quality boats. Since Howard Lund crafted his first aluminum duck hunting boat in 1948, our company has remained dedicated to upholding his legacy of excellence and innovation. Every boat we create is a testament to that commitment. And you know where they come to life? Right in the heart of lakes country, New York Mills, MN.

With our industry-leading warranty program, we've got your back if something goes wrong. With a lifetime warranty on double-riveted seams, transom, and flooring, you can confidently cruise, knowing we stand by the quality of our craftsmanship. 

Understanding Resale Value

Depreciation is an important aspect to consider when delving into boat ownership. Understanding how boats usually lose value over time can help you make informed decisions and manage your investment wisely.

Like automobiles, boats depreciate over time due to various factors. One primary factor is wear-and-tear. Exposure to the elements, including saltwater, UV rays, and general usage, naturally takes a toll on the boat's condition, decreasing its value. 

Market demand also plays a significant role in depreciation. Not all boats depreciate at the same rate. Many of Lund's boats stand out from the crowd in this regard. Our commitment to quality, craftsmanship, and reputation helps our boats hold their value for years while others may experience more rapid depreciation. 

Factors Influencing Resale Value

The resale value of a boat is influenced by several key factors that every boat owner should be aware of. 

First and foremost, brand reputation holds immense weight. Established and reputable brands have a track record of quality craftsmanship, durability, and customer satisfaction. These factors contribute to their boats maintaining their value better over time. A well-regarded brand like Lund can instill confidence in potential buyers and increase the demand for your boat.

Next, the overall condition of your boat plays a significant role in determining its resale value. Well-maintained boats free from substantial damage, wear, or mechanical issues generally command higher prices in the market. You can preserve your boat's condition and enhance its resale value by staying on top of regular upkeep, proper cleaning, and timely repairs.

The popularity of specific boat types or models directly influences their resale value. Models like Lund's Pro-V line, known for their exceptional performance and features, tend to have higher demand in the market. This increased demand translates into better resale value for these sought-after boat models. 

Key Indicators of Boat Reliability 

Construction materials and design When contemplating a boat purchase evaluating the construction materials and design is crucial. It's the key to determining the boat's durability and the overall quality of its structure. 

The choice of construction materials greatly impacts a boat's durability and resistance to various elements. For example, we take pride in producing and selecting premium materials for our boats, ensuring top-notch construction. One such material is our High-Density Performance (HDP) composite transoms. They're completely weatherproof, designed to withstand the harshest conditions Mother Nature throws your way, and backed by Lund's lifetime warranty. 

Warranties and Certificates

Understanding the importance of warranties and industry certifications is crucial when considering a boat purchase. These factors provide valuable reassurances about the quality, reliability, and support of the boat you are investing in.

Let's start with warranties. They guarantee the manufacturer or dealer that the boat and its components are free from defects and will perform as intended for a specific period. Take Lund, for example. We take pride in offering Boating's Best Lifetime Warranty, which includes a lifetime warranty on double-riveted seams, transom, and flooring. On top of that, we provide a three-year bow-to-stern coverage on your new boat.

You should look for certifications from reputable organizations like the National Marine Manufacturers Association (NMMA) or the American Boat and Yacht Council (ABYC) since they will ensure that your boat has passed important safety and engineering inspections. (these 2 links should open in a new window)

You should consider several crucial factors when buying a boat. It's all about prioritizing reliability, resale value, and maintenance to ensure a gratifying and enduring ownership experience. 

By carefully considering the construction materials, design elements, warranties, and industry certifications, you're empowering yourself to buy a boat that meets your immediate needs and stands the test of time.

Ready to find your Lund boat that will stand the test of time? Visit a local boat dealer near you or try our build a boat tool to start customizing today!