Myth 1: Boats Are Only for the Super Wealthy
Boats aren’t just for billionaires. While superyachts can cost millions, there are boats available for a few thousand pounds, especially in the second-hand market. From modest dayboats to luxury catamarans, there’s something for every budget.
Thanks to flexible marine finance options and a wide variety of models, boating is much more accessible than many people think. The key is to buy wisely, just like with any other major asset.
Myth 2: You Must Pay the Full Price Upfront
You don’t need to pay 100% in cash to own a boat. Marine finance providers offer loans with flexible deposits and repayment plans, often up to 10 years, with competitive interest rates.
Most lenders will expect a decent deposit (typically around 30%) and a stable income. If you have seasonal income, you can choose a lender who understands and accommodates this.
Myth 3: Bigger Boats Are Always Better
It’s tempting to buy the biggest boat you can afford, but bigger doesn’t always mean better. The right boat depends on how you plan to use it.
✅ Smaller boats are easier to handle, cheaper to maintain, and often surprisingly spacious.
✅ Larger boats offer more luxury and room, but come with higher costs, more upkeep, and may require crew.
The key trade-offs when buying a boat are size, age, and price.
Myth 4: It’s Only Worth Owning a Boat in Hot Climates
Boating isn’t just for the Mediterranean or the Caribbean. Many of the most active boating communities are actually in cooler countries like the UK and Scandinavia.
British lakes, rivers, canals, and coastal waters offer fantastic boating experiences, often with fewer crowds. Modern boats are also built with better insulation, heating, and weather protection, making them comfortable year-round.
Myth 5: Buying a Boat Is Easy
Some people walk into a marina, fall in love with a boat, buy it—and then regret it. Why? Because buying a boat isn’t simple. It’s a big decision.
Think of a boat as part house (bedrooms, kitchen, toilet), part car (engine, electrics, navigation), and part floating home exposed to the elements. There’s a lot to consider legally, technically, and financially.
