Bud­get­ing for new or used boats

Yachting World - - Time To Buy Your Next Boat -

Buy­ing a brand new boat means you can nail down the up-front cost be­fore you buy. For an older boat, up­front costs can be more dif­fi­cult to quan­tify, par­tic­u­larly if the boat needs re­fit­ting. The best ad­vice is to al­low a con­tin­gency fund of about 20 per cent of the boat’s price.

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