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GOBankingRates
GOBankingRates
Angela Mae

4 Expenses You May Not Be Prepared For When You Buy a Boat

bonetta / iStock.com

Have you ever dreamed about sailing the open seas or going on the Great Loop? Maybe you’ve been thinking about buying a boat so you can go fishing or watch the fireworks over the lake. Whatever the case, boats can give you a lot of freedom — but they’re also more expensive than you might think.

GOBankingRates spoke with Robert Lehmann, a marine industry professional, founder of Fair Wind Fasteners and former superyacht captain, about the cost of owning a boat. Here’s what he shared and the key expenses to watch out for.

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