Summer recreational vehicles like boats, RVs and motorcycles provide hours of fun and excitement for the whole family. But before you take the plunge and invest in one of your own, consider these five purchasing tips.
- Choose the right model. Whether it’s a boat, RV or motorcycle, you need to do your homework and find the model that best suits your needs and your lifestyle. All of these vehicles come in numerous types, sizes and price ranges. Consider all of your options and make your choice carefully.
- Don’t make a rash purchase. Who wouldn’t leave the boat show or see a group of motorcycle riders on the highway without suddenly wanting to go out and get a boat or a bike of their own? Don’t give in to the temptation and make a purchase that you might regret. Along with the initial purchase price, all of these vehicles have serious maintenance and upkeep costs. You need to be fully informed and prepared for all of the additional costs and responsibilities that come with owning one. And you must be sure you’ll still enjoy owning it after the initial thrill fades.
- Don’t overestimate your abilities. Chances are that most first-time buyers will be somewhat unprepared for their new purchase. You must fully assess your skills and abilities as an operator, and if you decide to make a purchase, take classes to fill your skills gap and practice, practice, practice.
- Go for a test drive! Never buy a boat, RV or motorcycle without taking it out for a test drive. If you are not comfortable or can’t handle it, don’t buy it. Consider a different, more suitable model or look into renting for a while to make sure you are making the best choice.
- Protect your investment. Boating, RVing and motorcycle riding are all great ways to spend your recreation time. They are also huge investments and all of them must be protected with proper insurance. Your boat insurance, RV insurance or motorcycle insurance must protect your new vehicle, your property on board the vehicle, your passengers, and you from any potential liability issues. And don’t forget to cover the customizing equipment. Anything that’s not factory-installed may not be covered unless you request additional coverage for customizing equipment or add-ons. All those little piece of chrome that people add to their motorcycles can really add up to a lot of money. Make sure they’re covered!
Remember that bundling you boat, RV or motorcycle policy along with your auto and home insurance policies can make you eligible for certain discounts on all of your policies. In addition, taking safety classes and maintaining a good driving record will help to keep your premiums low for your auto insurance and all of your recreational vehicle policies.
Have you been thinking about buying a boat, RV or motorcycle? Do you already own one? If so, what buying tips can you share?