Finimpact

FAQs

How Do You Get a Boat Safety Certificate?

Boat safety certificates are often required for operating certain types of boats. Requirements vary by location, but generally involve completing a boating safety course and passing an exam.

Can I Buy a Boat through My Business?

Yes, you can buy a boat through a business entity. However, the process may involve different considerations such as tax implications and financing options tailored to business needs.

How Do I Inspect a Boat Before Buying?

Inspecting a boat before buying is crucial. Check the hull, engine, electrical systems, and overall condition. Hire a professional marine surveyor for a thorough assessment. 

How to Get a Boat Coast Guard Certified?

Coast Guard certification is typically required for boats engaged in commercial operations. The process involves meeting safety, equipment, and operational standards set by the Coast Guard.

Resources

  • BoatUS: Offers a wealth of information on boat buying, including guides, checklists, and tips for new or used boat purchases.
  • Discover Boating: Provides a comprehensive guide to buying a boat, covering topics like boat types, financing, insurance, and more.
  • J.D. Power Guides: Offers pricing and valuation information for new and used boat owners, helping you understand fair market values.
  • BoatTEST.com: Provides boat reviews, sea trials, and expert advice to help you make an informed decision when buying a boat.
  • YachtWorld: A platform for searching and comparing a wide range of new and used boats for sale, along with articles and resources important for each first time boat buyer.
  • The Hull Truth: Allow users to ask questions, share experiences, and receive advice from those who have firsthand knowledge of buying and owning boats. 

About the Author

Christopher Murray

Christopher Murray

Personal Finance Expert

Christopher Murray is a professional personal finance and sustainability writer and editor who enjoys writing about everything from budgeting and saving to unique investing options like SRI and cryptocurrency.

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