Benefits of Boat Leasing: Why Renting Is Better Than Buying

boat leasing

Hobbies are great, especially when they give you a reason to get outside. But some of the most enjoyable outdoor hobbies, like boating, come with hefty price tags.

What if there was a way to enjoy the beauty of the sea without the financial burden?

Boat leasing allows everyone to climb aboard a beautiful boat, even if they don’t own one. From deep-sea fishing adventures to sunset cruises, renting a boat is fun for the whole family.

Let’s take a look at why you should consider boat leasing and the credentials needed to rent a boat.

Benefits of Boat Leasing

Can you lease a boat? Absolutely! Boat leasing comes in a variety of forms. Some boating organizations allow you to rent by the hour, day, or do long term boat rentals.

Is renting a boat a better alternative to buying? Many people would say so. Boat leasing is more cost-effective and easier than purchasing a new vessel. Renting also gives users a great variety of boats to choose from.

Let’s dive into the five top benefits of leasing a boat.

Renting Is Cost-Effective

It’s no secret purchasing a boat is a hefty investment.

Not only do boats have high price tags, but they’re also very expensive to maintain. Just like cars and houses, boats require regular maintenance, which adds up. Most boat owners also must pay to store their boats when they are not in the water.

Don’t forget about the boating equipment you must purchase, too. Examples of essential items you’ll need for your new boat include:

  • Life jackets ($75 per piece)
  • Fire extinguisher ($35)
  • Boat navigation system ($1,200 or higher)
  • Oars ($80 per set)
  • Ropes ($100 or higher)

The high expenses from buying a boat can be overwhelming, which is why 54% of first-time boat buyers stop sailing. Some boaters joke that BOAT stands for “Bust Out Another Thousand.”

The cost of renting a boat is much less. When you rent, all of the boating equipment is there for you. Renters pay for the time they spend on the boat and gas. Leasing a boat is an excellent way to get out on the water without emptying your piggy bank.

Boat Leasing Means More Variety

There are thousands of boats out there, why not try as many as you can? When you purchase a boat, you commit to one specific make and model. But each time you do a boat lease, you can try a different type. 

Are you looking to cruise around the water on a relaxing yacht? Rent one for the day. Are you and the family interested in going on a fishing adventure? If so, then lease a fishing boat. 

There are a variety of boats available, so you can enjoy as much of the water as possible. Taking advantage of a boat lease is the best way to experience all boating has to offer.

Renting Is Guilt-Free

If you asked a boat owner what their biggest regret is, most would agree not using their ocean beauties enough.

The truth is that most boat owners don’t utilize their vessels. The average boat owner only takes their boats out on the water 14 days a year.

When renting a boat, you only pay for the hours that you’re on the water. When you own a boat, you’re always paying for it, even when the boat is idle. So while many boat owners feel guilty when they’re not enjoying their ships, renters do not.

Boats Depreciate

People invest in real estate because it has proven to produce a decent ROI. Boats, on the other hand, do not.

Boats are one of the fastest depreciating assets. They lose value over time, similar to cars. A boat’s value is determined by engine hours. The more a boat is used, the less value it has.

Examples of boat depreciation rates include:

  • Bow Riders retain 66% of their value after 3 years
  • Cuddy Cabins have 63% of their value after 10 years
  • Pontoon Boats depreciate 30% after 5 years 
  • Sailboats and yachts hold 85% of their value after 5 years
  • Fiberglass fishing boats lose 60% of their value after 10 years

Renting a boat eliminates the stress of reselling a deprecated boat. When you lease a boat, you get to cruise the open ocean without worrying about the boat’s long-term value. It’s a win-win! 

Renting Is Easy

The biggest benefit of boat leasing is that it’s simple and easy to do.

Find a reputable boat leasing company near you and reserve your time. Let the company know what type of boat you’re looking for. If you don’t know, explain what you’re going to be doing, and the experts will match you with the right vessel.

After your trip, return the boat to the dock, and you’re on your way. There’s no post-trip boat cleaning or maintenance required. All you have to do is show up, have a good time, be safe, and return the boat when your time is up.

What Credentials Do I Need to Rent a Boat?

Renting a boat is simple, but you need a few credentials to ensure a safe trip at sea.

Boat renters should keep in mind that there are required boat licenses and regulations they must adhere to, even when leasing. Every state has specific age and license requirements for boaters, so know the laws in your area.

In Florida, any boat rental operator or charter captain must hold a valid boat license.

Florida boat renters must also complete a state-approved boating safety course. While operating a rental boat, the driver must carry their Boating Safety Education Identification Card (issued by the Florida Fish and Wildlife Conservation Commission). You may also need to present proper credentials to the boat rental company.

Find Your Next Summer Boat Rental

If you’re ready to set sail, renting a boat is a great option. Boat leasing is simple, cost-effective, and eliminates the stress of owning a ship. It’s a great way to enjoy a day out on the water without the hassle.

If you’re looking for the place to lease your next boat, you’re at the right spot. Browse our fleet of high-quality rental boats now. If you’re itching to get out to sea, we’ve got the boat for you.

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