5 Main Reasons Boats are Highly Expensive

When in Comparison to Automobiles, Boating is an expensive ordeal. The cost often discourages wannabe boaters from going down the path of ownership.

But ever wondered why the costs are high?

These water beauties are on the expensive side due to many reasons. From Manufacturing to Boat Storage services and modification in Electronic Devices, several elements could factor in the pricing of a boat.

Let’s get this straight comparing the Car dealership to a boat dealership is not practical and here is why:

1. Boating is a Luxury

Let us admit it. Many avid boaters find it easy to rent or hire a boat for the event than own it. Meanwhile, having a car is a necessity in this modern world. Hence, the demand for the same is high in the market.

On average, around 3.4 million cars were sold last year, while the sales report on boats was at 30,000 units. The steep difference in the sales is due to some significant reasons. Vessels are mostly being built manually, while almost all car parts manufacturing and assembly are automated. Also, the units of cars that get produced each year are massive compared to that of vessels. It affects the labour and other production costs that ultimately result in boats' high price tag. We are not exaggerating if we say that the cost of building a boat can sometimes almost get equal to the cost of manufacturing a hundred cars. All these are the factors of high boat prices.

2. Quality Takes Time and Effort

While most automobile manufacturing is automated, The marine industry still relies on skilled craftsmanship for every boat produced. We also should not forget the vast area required for the production.

The massive shipyards can only house a few boats at one time, thereby increasing the time and space required for constructing a ship.

3. Research and Development

The marine industry is fast-changing, increasing its pace to keep up with the growing consumer demands. The cost and effort for researching and designing new and viable options are higher than average.

Brands like Mercury are developing engines like Mercury Fourstroke V6 with higher speed and better fuel efficiency to keep up with the advanced market demand.

Manufacturers have to take care of the style not being outdated while keeping in mind not compromising the quality of the material used.

4. Electronic Devices

Buying a boat is not just about the hull and the deck. A boater’s ability to veer the vessel smooth and easy is heavily dependent on the accuracy of the electronic device he relies on.

From basic GPS to Fish Locator and Digital Throttle and Shift System, the make and model of each device varies in quality and pricing.

These fancy gimmicks make boating a lot easier, and hence, are preferred by manufacturers as well as owners.

5. Maintenance

Buying a boat is a lifetime commitment. Signing the deal on paper may make you a boat owner, but being a boater requires you to put in your time, effort and money for continuous upkeep.

Periodic service routines and maintenance checkups are necessary for extending the longevity of your watercraft.

Boat repair services are not cheap and require skilled technicians to clear the issues with minimum downtime in the peak season.

Many boat dealerships in BC Canada provide combo offers for Winterization and Service repairs and the Purchase as an incentive for choosing them.

Conclusion

The price tags on these beauties can also vary based on your preference for new or used boats.
Finding some time to research the market properly can help you pinch a few pennies.
Buying outboard motors for sale in British Columbia is a common practice as sling as you know the trade or tag someone who knows with you.

Boating is an expensive affair, but the serenity and adventurous trips are worth the wait and amount. Also, if sustained properly, this financial commitment could easily be considered a viable investment option.

For more information, visit us at Alberni Power and Marine.