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​Lower the Cost of Boat Ownership


There’s an old saying about boats: that “BOAT” really stands for “Break Out Another Thousand.” But being a boat owner shouldn’t mean breaking the bank. If you play your cards right and understand some of the best ways to prevent the expenses of long-term boat ownership, you can keep your costs low and your enjoyment high.

Before You Buy, Chart the Financial Waters

Just as you wouldn’t sail your boat into an unknown bay, knowing your way around boat financing before you make your decision is essential. Here are a few tips:

  • Boats can often be financed like new car purchases. By turning your boat into a monthly payment rather than a single lump sum, you can drastically reduce the financial burden of owning a boat.
  • It’s possible that a boat can provide a second home for tax purposes. A boat with a galley, berth, and head can potentially qualify as a second home, in which case interest payments can qualify for relevant second home deductions. (Note: consult an accountant before taking any deductions you’re unsure about).
  • Learn the best practices for regular boat inspection and maintenance so you’re never caught off-guard by a sudden cost or repair.

Cost-Efficient Boat Care & Maintenance

As the old saying goes, an ounce of prevention is worth a pound of cure. Nowhere is that more true than in the world of boating. When you purchase a boat, your priority should be to establish a regular maintenance schedule. In addition to washing your boat down with fresh water regularly, you should inspect the engine and battery for damage.

Call some local boating experts in your area and ask them what they recommend in terms of regular maintenance. Stick to this schedule, even if it seems unnecessary sometimes. It’s hard to quantify the value of prevention at first, but as your boat ages and continues to work reliably, you’ll come to appreciate how important this step is.

Stock Up On Dedicated Boat Cleaning & Maintenance Products

High quality, affordable boating products are an essential buy for every conscientious boat owner. Here are a few you’ll want to have on hand:

  • Boat Caulk & Sealants: Preventing leakage means preventing water damage. Even something as simple as lake water can lead to odor, mildew and mold, upholstery damage, and other long-term issues. By keeping your boat sealed, you can prevent these leaks and keep your boat dry where it counts.
  • Boat Cleaners: Properly cleaning your boat means knowing which cleaner goes with which material. These dedicated boat cleaners can help prevent and remove rust in some areas while promoting emulsification where it counts. Match the right boat cleaner for each individual job, and you’ll keep your boat like new.

If owning a boat sounds expensive, remember that there are ways to reduce the financial burden that go beyond loans and financing. By incorporating the tips you see here, you can enjoy a quality, affordable boat for years to come.

Browse our full range of boat care products to keep your boat in excellent shape over the years.

Life Industries Corporation
4060 Bridge View Drive
N. Charleston, SC 29405
United States of America

toll free: (800) 382-9706
local: (843) 566-1225
fax: (843) 566-1275


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