{"id":28481,"date":"2022-03-11T16:10:58","date_gmt":"2022-03-11T16:10:58","guid":{"rendered":"https:\/\/www.boatsetter.com\/boating-resources\/?p=28481"},"modified":"2022-03-11T17:44:20","modified_gmt":"2022-03-11T17:44:20","slug":"buying-a-boat-a-good-investment","status":"publish","type":"post","link":"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment","title":{"rendered":"Is Owning a Boat a Good Investment?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment\/#Answer_It_is_with_Boatsetter\" >Answer: It is with Boatsetter.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment\/#1_Pay_Off_Your_Boats_Purchase_Price_and_Offset_Your_Ownership_Costs\" >1. Pay Off Your Boat&#8217;s Purchase Price, and Offset Your Ownership Costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment\/#2_Youre_in_Control\" >2. You&#8217;re in Control<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment\/#3_Empowering_Entrepreneurship_on_the_Water\" >3. Empowering Entrepreneurship on the Water<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment\/#4_Compliance_Legitimacy_of_Business\" >4. Compliance &amp; Legitimacy of Business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment\/#5_Peace_of_Mind_Insurance\" >5. Peace of Mind &amp; Insurance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment\/#Ready_to_Learn_More_or_Start_Listing\" >Ready to Learn More, or Start Listing?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Answer_It_is_with_Boatsetter\"><\/span>Answer: It is with Boatsetter.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you love being out on the water\u2014or you just had an incredible experience on a <a href=\"https:\/\/www.boatsetter.com\/\">Boatsetter boat rental<\/a>\u2014then the idea of buying and <a href=\"https:\/\/boatsetter.com\/boating-resources\/boat-ownership-cost\">owning your own boat<\/a> may have crossed your mind.<\/p>\n<p>Generally speaking, there are a lot of stigmas, or what may seem like intimidating barriers to entry, that often scare off prospective boat buyers. Similarly, many of the same hesitations come into plan when someone is considering buying a new car or even an RV. Those who often argue about <strong>why buying a boat is a bad idea<\/strong> tend to raise concerns with factors like:<\/p>\n<ul>\n<li>Initial purchase price and upfront cost;<\/li>\n<li>Lack of training or confidence in operating the boat;<\/li>\n<li>Maintenance and storage expenses;<\/li>\n<li>Or, the fear that they won\u2019t use the boat enough.<\/li>\n<\/ul>\n<p>Luckily, today\u2019s sharing economy (<em>think the <a href=\"https:\/\/www.airbnb.com\/\" target=\"_blank\" rel=\"noopener\">Airbnbs<\/a> and <a href=\"https:\/\/turo.com\/\" target=\"_blank\" rel=\"noopener\">Turos<\/a> of the world<\/em>) have sparked a new evolution in the way consumers think about these larger purchases and how to utilize them to their full advantage\u2014including ways to financially supplement or even drive someone\u2019s income and monetary success.<\/p>\n<p>To support both the national and international boating community, as well as anyone with a true entrepreneurial spirit, Boatsetter has set out to change the way people think about <a href=\"https:\/\/boatsetter.com\/boating-resources\/fractional-boat-ownership\">boat ownership<\/a>.<\/p>\n<p><strong>So, is buying a boat worth it? <\/strong>With Boatsetter, we sure think so.<\/p>\n<p>Let\u2019s dive into some of the top reasons you might want to join the thousands of boat owners across the world who are listing their boats with Boatsetter.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"1_Pay_Off_Your_Boats_Purchase_Price_and_Offset_Your_Ownership_Costs\"><\/span>1. Pay Off Your Boat&#8217;s Purchase Price, and Offset Your Ownership Costs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you have a dream of one day <a href=\"https:\/\/boatsetter.com\/boating-resources\/buying-boat-bad-investment\">buying a boat<\/a>, we\u2019re here to help you get one step closer to that dream.<\/p>\n<ul>\n<li>Boatsetter owners make an average of $20,000 or more annually by listing and renting out their boat.<\/li>\n<li>It\u2019s 100% free to join and list.<\/li>\n<li><a href=\"https:\/\/www.boatsetter.com\/a\/list-boat\">Getting started<\/a> takes less than 15 minutes.<\/li>\n<\/ul>\n<p><iframe loading=\"lazy\" title=\"Why List Your Boat For Rent on Boatsetter\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/uARqRdGJK8o?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Gone are the days that your boat sits lonely in your driveway, garage, or in the marina. You can now put your boat to work, <a href=\"https:\/\/boatsetter.com\/boating-resources\/boat-business-ideas\">generating extra money to pay off your monthly boat loan<\/a> payments, or other ownership expenses like fuel and maintenance.<\/p>\n<p>Not to mention, <strong>getting paid is easy<\/strong>! Boatsetter handles the <a href=\"https:\/\/support.boatsetter.com\/hc\/en-us\/articles\/200896230-How-do-I-get-paid-\">entire transaction<\/a> from start to finish. Owners are paid securely via direct deposit within three days after each completed booking. No invoicing, no bill collecting, no hassle.<\/p>\n<p>And the best part is\u2026<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Youre_in_Control\"><\/span>2. You&#8217;re in Control<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It\u2019s your boat, so you\u2019re at the helm (<em>figuratively and literally, if you prefer<\/em>). So you can rent your boat out on the days you aren\u2019t using it. You have total control over:<\/p>\n<ul>\n<li>Scheduling and availability<\/li>\n<li>Booking price<\/li>\n<li>Start times<\/li>\n<li>Durations<\/li>\n<li>Who is allowed to operate your boat<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-28484 aligncenter\" src=\"https:\/\/www.boatsetter.com\/boating-resources\/wp-content\/uploads\/2022\/03\/boatsetter-how-it-works.png\" alt=\"boatsetter how it works for owners\" width=\"720\" height=\"205\" srcset=\"https:\/\/www.boatsetter.com\/boating-resources\/wp-content\/uploads\/2022\/03\/boatsetter-how-it-works.png 720w, https:\/\/www.boatsetter.com\/boating-resources\/wp-content\/uploads\/2022\/03\/boatsetter-how-it-works-300x85.png 300w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/p>\n<p>Don\u2019t have time to manage your rentals yourself? Not a problem! You can leverage <a href=\"https:\/\/boatsetter.com\/boating-resources\/introducing-boat-managers\"><strong>Boat Managers<\/strong><\/a>, who can respond to booking requests and messages, update your calendar and boat availability, and edit listings.<\/p>\n<p>Additionally, boat owners can <strong>set their own qualifications<\/strong> to verify a renter\u2019s experience\u2014giving you full control over who rents your boat.<\/p>\n<p>You can outline required licenses or boat operating experience in your listing description, or during your conversations with renters. \u200b\u200b<\/p>\n<p>As a Boatsetter owner, you can also leverage our expansive <a href=\"https:\/\/support.boatsetter.com\/hc\/en-us\/articles\/200622265-Adding-a-captain\"><strong>Captains Network<\/strong><\/a> of U.S. Coast Guard-certified captains, or captain your boat yourself (with proper licenses).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Empowering_Entrepreneurship_on_the_Water\"><\/span>3. Empowering Entrepreneurship on the Water<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>When you rent out your boat through Boatsetter, you <strong>earn up to 90 percent of the total booking price<\/strong>. Like we said before, you\u2019re in control\u2014and our team is here to support you in every way we can, offering:<\/p>\n<ul>\n<li>1v1 coaching sessions to improve your listings<\/li>\n<li>Access to online training modules and Owner Tips videos<\/li>\n<li>Regularly scheduled webinars tailored specifically for our owner community<\/li>\n<\/ul>\n<p>While making $20,000 a year is an average across our platform, we like to say that the <strong><em>\u2018Sea\u2019s the limit.\u2019<\/em><\/strong> Some of our top owners have brought home more than $200,000 in a single year.<\/p>\n<p>Ready to take things a step further? Boatsetter also works with commercial boat owners and operators. You can join the hundreds of boat rental companies, <a href=\"https:\/\/boatsetter.com\/boating-resources\/cost-to-charter-a-yacht\">yacht charter<\/a> agents, fishing captains, and boat clubs across the U.S. receiving leads from Boatsetter, regardless of being an established operator or <a href=\"https:\/\/boatsetter.com\/boating-resources\/start-my-own-boat-charter-business\">starting your boat rental business<\/a>.<\/p>\n<p><iframe loading=\"lazy\" title=\"Boat Owner Tips: Understanding Insurance, Listings, and Payouts\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/aTMVYoo0HBI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2><span class=\"ez-toc-section\" id=\"4_Compliance_Legitimacy_of_Business\"><\/span>4. Compliance &amp; Legitimacy of Business<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Yes, we\u2019re legit.<\/p>\n<p>Following the law is our priority, and our team will be there every step of the way to ensure your success as you get started. We\u2019ll work with you directly to make sure your rentals are compliant with all local and federal U.S. Coast Guard (USCG) regulations.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"5_Peace_of_Mind_Insurance\"><\/span>5. Peace of Mind &amp; Insurance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Did we mention that Boatsetter is the <strong><em>only<\/em><\/strong> boat rental marketplace in the U.S. that provides peer-to-peer boat rental insurance? Meaning, no other boat rental platform offers you, as a boat owner, the peace of mind you need to embark on this kind of venture.<\/p>\n<p>This is made possible through our <a href=\"https:\/\/www.boatsetter.com\/safety\"><strong>exclusive partnership with Geico\/BoatUS<\/strong><\/a>, which also includes on-water assistance and towing within the peer-to-peer policy. This policy is designed to protect both the owner and renter during a rental, and provides separate protection not covered with an owner\u2019s personal insurance policy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ready_to_Learn_More_or_Start_Listing\"><\/span>Ready to Learn More, or Start Listing?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Visit <a href=\"https:\/\/www.boatsetter.com\/a\/list-boat\">List Your Boat<\/a> today to start the process.<\/li>\n<li>Explore additional information on our <a href=\"https:\/\/www.boatsetter.com\/why-list\">Why List?<\/a> page.<\/li>\n<li>Still have questions? Contact us at <a href=\"mailto:contact@boatsetter.com\">contact@boatsetter.com<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Answer: It is with Boatsetter. If you love being out on the water\u2014or you just had an incredible experience on a Boatsetter boat rental\u2014then the idea of buying and owning <a href=\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment\" style=\"text-decoration: none\">[&#8230;]<\/a><\/p>\n","protected":false},"author":22,"featured_media":28486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[113],"tags":[],"class_list":["post-28481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-and-selling"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Why is Buying a Boat a Bad Idea? It isn&#039;t\u2014and Here&#039;s Why | Boatsetter<\/title>\n<meta name=\"description\" content=\"Is buying a boat worth it? Critics often focus on why buying a boat is a bad idea, but let&#039;s explore why owning a boat is a good investment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Owning a Boat a Good Investment? - Boatsetter\" \/>\n<meta property=\"og:description\" content=\"Answer: It is with Boatsetter. If you love being out on the water\u2014or you just had an incredible experience on a Boatsetter boat rental\u2014then the idea of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment\" \/>\n<meta property=\"og:site_name\" content=\"Boatsetter\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Boatsetter\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-11T16:10:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-11T17:44:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.boatsetter.com\/boating-resources\/wp-content\/uploads\/2022\/03\/why-buying-a-boat-is-a-bad-idea.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kim Koditek\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@boatsetter\" \/>\n<meta name=\"twitter:site\" content=\"@boatsetter\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment\"},\"author\":{\"name\":\"Kim Koditek\",\"@id\":\"https:\/\/www.boatsetter.com\/boating-resources\/#\/schema\/person\/0e575395db24357520b6885c230c82e4\"},\"headline\":\"Is Owning a Boat a Good Investment?\",\"datePublished\":\"2022-03-11T16:10:58+00:00\",\"dateModified\":\"2022-03-11T17:44:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment\"},\"wordCount\":935,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.boatsetter.com\/boating-resources\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.boatsetter.com\/boating-resources\/wp-content\/uploads\/2022\/03\/why-buying-a-boat-is-a-bad-idea.png\",\"articleSection\":[\"Buying &amp; Selling\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment\",\"url\":\"https:\/\/www.boatsetter.com\/boating-resources\/buying-a-boat-a-good-investment\",\"name\":\"Why is Buying a Boat a Bad Idea? 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