Tag Archives: cheap boats

woman on pontoon boat

Looking for a Cheap Pontoon Boat? Check Out Bank Repo Pontoons

Thinking about buying a pontoon boat? In recent years, pontoon boats have become popular all across the country. Individuals, couples and families appreciate the simple change of pace these boats offer. Whether it’s fishing, partying, relaxing or water sports, these boats are able to do it all. 

Why Own a Pontoon Boat 

Before buying a boat, it’s important to assess your needs and budget. Pontoons are not good for rough waters or speed, and they have a wide turn radius. As long as you’re looking for a sturdy, comfortable and customizable boat, a pontoon will serve you well. 

In fact, you can turn your pontoon into a party boat with LED lighting and built-in speakers. Or, opt for a kid-friendly amusement park with inflatable water slides and tubes! And because these boats are relatively easy to maintain, they have a longer lifespan compared to other watercraft. You can also save on insurance, as pontoons are very safe boats. 

How Much Do Pontoon Boats Cost? 

The average cost of a pontoon boat is between $18,000 and $70,000, but they can go much higher than this. This is a wide range, but there are many factors that influence price: age, condition, features, engine power, etc. 

If you’re looking for a cheap pontoon boat, a great option is to shop for repossessed boats. This opens up a new inventory of affordable boats in fair or good condition. While it’s common for repossessions to need some maintenance, some are like new and were only taken because their owners couldn’t afford the payments. 

What are the Benefits of Buying a Repo Pontoon Boat? 

Repossessed inventory presents another opportunity for people who are looking for affordable boats and watercraft. This makes sense for many people because they may only use their pontoon during the summer months. 

The advantages to buying a repo pontoon boat are: 

  • Pay a fraction of the price 
  • Afford higher-end models or brands 
  • Get attractive financing from the lender (who is also the seller) 
  • Ability to negotiate with the banks 

Things to Look for When Buying a Used Pontoon Boat 

Buying a repossession does not necessarily mean that you’re sacrificing quality. Aside from the boat needing a good cleaning, you may only have to make a few light repairs. We do recommend being a smart shopper, doing your homework and inspecting the following: 

  • Furniture and flooring
  • Condition of the hull 
  • Motor performance 
  • Underneath the boat (it should be raised on a trailer)
  • Gauges and dials 
  • Shift and throttle 

RepoFinder.com has a wide inventory of repo boats, including family friendly pontoons. Click on your state and you’ll see a list of banks and credit unions in your area that have repo inventory. By doing your research, asking the right questions and completing an inspection, you can find a great boat at a fantastic price. 

boat on the water

Don’t Sink Your Budget! 4 Ways to Save Money on a Boat

This entry was posted in Repo Boats and tagged , , on by .

It’s officially summer and many people are scrambling to figure out what they’re going to do for vacation. Things are slowly opening up, but many people are still scared to travel due to Covid. That’s why we’re seeing more families invest in RVs and boats so they can safely enjoy the summer season. 

But what about the cost of a boat? Not only is it expensive on the front end, but also you need money in the bank to pay for gas, repairs, maintenance, docking and more. Is there a way you can save money on a boat right now? Actually, there are many! Below you’ll find our tips for buying a boat without sinking your budget

1. Know what you plan on using the boat for.

A quick search of boats will turn up an endless selection of fishing boats, pontoons, sailboats, wakeboard boats and more. To know which one is right for you, determine what you plan to use the boat for. Do you enjoy fishing? Going tubing or water skiing? When you know what purpose you want the boat to serve, you can narrow down your options and look for the cheapest one. 

2. Determine the maximum size you need.

It’s tempting to get a big boat, but usually the bigger it is, the more expensive it is to buy and maintain. Even if you plan on inviting people out, is this worth going over budget for? Ideally, you should stick to boats that offer just enough room for your needs. 

3. Consider where you plan to store the boat.

Where do you plan to keep the boat when you’re not using it? Some people keep them on trailers while others dock them at home port marinas. Obviously, the bigger the boat is, the more storage space you’ll need. If your boat is especially large, you may need permits or professionals to move it. 

4. Shop for used boats instead of new ones. 

Probably one of the best ways to save money on a boat is buying used. Pre-owned boats are far less expensive than new ones because of depreciation. Not only are you limited to used boats for sale, but also you can shop this site for repo boats. These boats have been repossessed by their owners and are now being sold by the banks. Because vehicles aren’t valuable to banks and lenders, they’re often willing to negotiate a great deal! 

To save money on a boat, find the cheapest boat for your needs (no bigger, no extra features) and shop for it used instead of new. RepoFinder.com has a full list of repossessed recreational vehicles like boats, ATVs and RVs that are perfect for your summer vacation needs. Browse our site today for free and see what you can find in your price range!