Warmer days are just around the corner, and as temperatures rise, so do the number of boat enthusiasts looking forward to getting out on the water with family and friends. Until recently, you could count on an occasional invitation from friends to enjoy the local waterways.

But this year — and for the foreseeable future — social distancing requirements may mean you'll have to politely decline any invitations you receive.

So, is it time to take the leap and buy a boat of your own?

Some benefits of buying a boat:

Enjoy socially distanced mini-vacations on your own schedule
Unwind by disconnecting from the daily stressors of life
Master new skills like navigation, setting an anchor, and using a VHF radio
Explore unique recreational activities like SCUBA diving and snorkeling

A quick note about the total cost of buying a boat:

The price tag of a new or used boat depends on the boat type, brand, size, style, features, geographic location, and whether you buy during the off-season.

With a large recreational purchase, such as buying your first boat, you need to factor in the costs of insurance, safety equipment, a trailer, winter storage, seasonal maintenance, and repairs. These costs can vary widely depending on the type of boat, as well as your usage of it.

7 Tips to Avoid Costly Boat Buying Mistakes

Buying a boat is a substantial investment, and first-time buyers should explore these and other tips offered by the boating community to avoid costly buying mistakes.

1.Determine how you'll spend your time on the water

Your preferred activities will help determine the best boat for your needs. For example, a freshwater fishing enthusiast will search for a different boat type than someone who expects to spend most of their time wakeboarding or tubing. The former might select a pontoon boat and the latter a deck boat.

2. Establish a budget before you shop

Due to the wide price range for new and used boats, set a limit — and stick to it — to avoid overspending.

Try out our free financial calculators to see what boat budget fits into your lifestyle.

Everyone might want the yacht, but not everyone needs the yacht — Everyone might *want* the yacht, but not everyone *needs* the yacht

3. Marry your needs, experience level, and budget

Buying the biggest boat you can afford or one that's too powerful for your experience level are two mistakes you can easily avoid if you've already identified your boating needs. Buying a small boat that fits your budget but doesn't provide the space you need could also lead to buyer's remorse. Search for a boat that meets your size needs, matches your on-the-water experience, and is within your budget.

4. Visit a boat show to explore a range of models in one location

While many boat stores carry a small variety of boats to choose from, a boat show will expose you to a broader selection and allow you to compare more of the boats that are on the market today.

5. Take it for a test drive

Just as you wouldn't buy a car without test driving it first, be cautious of someone who wants to sell you a boat without offering a sea trial. This test run is especially important for first-time boat owners, as it provides an opportunity to see how the boat functions in a real-life environment.

6. If you buy new, buy local

Since the selling dealer often services the boat manufacturer's warranty, it will be more convenient to have it serviced if you live nearby.

7. If you buy a used boat, hire a surveyor to perform a pre-purchase boat inspection.

It's possible to make an offer contingent upon a satisfactory inspection. An experienced surveyor should be able to alert you to potential problems. Search for a qualified surveyor by visiting the National Association of Marine Surveyors or The Society of Accredited Marine Surveyors. Expect to pay at least $20 per foot for an inspection. You should receive a written report after the review. Use it to negotiate a better deal or walk away.

Buying a boat can make your dreams of spending more time enjoying life outdoors a reality. Finance your new or used boat purchase with a Together Credit Union Boat Loan. Members have access to competitive rates and extended payment terms, depending on the amount financed.

Ready to hit the waters? Apply for a Boat Loan today.