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Pros & Cons: Chartering vs owning a boat

Most people would love to own a boat, but they can be quite expensive. Some boats can, however, offer a touch of luxury that most people can actually afford, so should you consider chartering or owning one? Chartering a boat can be almost as rewarding as owning one, but then you are not always guaranteed to get the precise boat you want, so what can you do? Do you buy a boat and hope you can take it out enough to get your money’s worth, or do you charter one and dream that one day it will be yours?

owning a boat

Source: Fraser Yachts

There are benefits to owning a boat, and chartering one so here we take a look at the pros and cons of chartering vs. owning, and be that little bit closer to making the right decision for you:

The Pros & Cons:

  • The pros of renting

One of the most obvious pros of renting a boat is that you don’t have to pay a lot of money for it. You can simply pay the chartering fee, and the deposit, without it breaking the bank.

Another benefit of renting is if you’re new to boating, you can try your hand at sailing before you commit to buying a boat. If you find that boating is not for you, at least you don’t have a boat worth hundreds of thousands of dollars to sell.

  • The pros of owning

One of the pros of owning a boat is the pride and satisfaction that comes with it. A boat that you own outright belongs to you, and you can ultimately do with it as you please. This means you may not be limited to where you take your boat, or how many people that sail with you.

Your boat will be ready and available when you want to head out onto the water. This is one of the best things about owning a boat: if you want to set sail, you can. There are no limits (Weather permitting), meaning if you have a long weekend off, you can head on out, without having to hope there might be a boat to spare.

pros and cons of a yacht charter

Source: 26 North Yachts

  • The cons of renting

One of the downsides of renting a boat is that you may end up paying more for it in the long run. This is because boat charter charges can add up, but this may be a risk that you’re willing to take.

  •  The cons of owning

You have to take all of your gear with you, whether it’s fishing equipment, or skis, plus all of your food, clothes, and anything else that you want to take away with you. This could potentially make transporting your things to your boat quite a cumbersome affair.

As you can see, there are some good reasons why you should buy a boat and some equally good reasons why you should charter one instead. Think about how many times you’re going to use a boat, how much you can afford to pay for one, and then weigh up the pros and cons, so you make the right decision.