How to Buy a Boat or RV

Is adventure calling you? Purchasing a boat or an RV is the perfect way to answer the call. Here are a few steps to consider before heading to the dealership.

Determine your purchase purpose.

From freshwater fishing boats to speed boats, there’s plenty of boat types to choose from. The same applies to RVs, which range from the simple to the extravagant. The question to ask yourself is, “What sort of boating or what kind traveling will I be doing?” Will you be taking your boat out for water-skiing or will you be doing some deep-sea fishing? You wouldn’t buy a luxury sedan to go off-roading, so it’s important to find a match that fits your lifestyle.

Decide New or Used

Buying a boat or an RV is a long-term investment so it’s essential to determine if you’ll be buying new or used. There are pros and cons to buying in both categories. Buying used means you’ll have more money left over to either invest in upgrades or spend as you wish but you risk inheriting damage that might not be visible at purchase. Choosing to buy new means a higher price tag but you’re more likely to get exactly what you want.

Do Your Research

Research loan rates before you go to the dealership or talk to a private seller. Financing through a credit union like Hughes ahead of your visit will put you in a better position to bargain.

Recommended Product

Recreational Vehicle Loan
Finance the boat or RV of your dreams.


How Much Will My Loan Payments Be?
Compute the payment amount for a fixed rate loan.