If you've considered buying a pontoon boat and are curious about the cost, you're not alone. Pontoon boats offer many benefits, such as providing a great space to spend time with friends and family. If you're a business owner, you can also use the boat to entertain potential investors and business partners.
Taking them out on your boat could encourage them to invest in your next project. However, many people shy away from buying a pontoon boat due to concerns about overspending.
It's important to keep in mind that the price of a pontoon boat varies depending on several factors. Below, you'll find information about the different costs associated with pontoon boats.
Average Prices – How Much Are Pontoon Boats in 2024?
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First, it's essential to familiarize yourself with the average prices of pontoon boats, though the price range can be quite broad, typically spanning from $18,000 to $70,000.
Generally, the most popular pontoon boats are priced between $20,000 and $40,000. With this in mind, you'll need to narrow down your options to determine your specific price range.
You'll also notice that prices vary depending on the type of boat you prefer. Below, you'll find the average prices for certain types of pontoon boats:
- Fishing: The 22' G3 XRF Fishing Pontoon Boat starts at $28,500.
- Luxury: The 25' Tahoe Pontoons Vision Rear J begins at approximately $72,000.
- Cruising: The 23.5' Lund LX220 Cruising Pontoon Boat starts just over $26,000.
- Ski: The 21.4' Lowe 115 ELPT Pro XS starts at just over $22,600.
- Tritoon: The 24' Sun Tracker Party Barge XP3 begins at $34,500.
It's important to note that prices will vary based on several factors, including the type of pontoon, horsepower, brand, and size, which will be further explored below.
Is It Wise To Buy A Use Pontoon Boat?
After deciding to purchase a pontoon boat, you'll be faced with numerous choices, some more challenging than others.
One of the first decisions you'll need to make is whether to buy a new or used pontoon boat. Both options come with their own set of advantages.
While many people initially lean towards purchasing a new boat, you might find that the benefits of buying a used pontoon boat are appealing as well. It’s important to consider both options carefully.
Opting for a used pontoon boat typically offers significant cost savings. However, it's important to remember that the boat has already been used, and you may not know how the previous owner treated it. They could have been rough on the boat, leading to potential hidden issues.
Unfortunately, you can't undo any past misuse, so it's crucial to exercise caution when buying a used boat. If you want to ensure your investment is secure, purchasing a new pontoon boat might be the safer option.
Below, you'll find more information on the benefits of choosing a new boat.
Benefits Of Buying A New Pontoon Boat
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If you opt to buy a new pontoon boat, you'll encounter higher costs, but this investment might be worthwhile in the long run. Purchasing a new pontoon boat allows you to customize it according to your specific needs. By collaborating with the manufacturer, you can tailor certain features of the boat.
This option is ideal for those who have particular preferences, ensuring that the boat meets all your expectations. If flexibility is important to you, buying new is the way to go.
One of the most significant advantages of purchasing a new boat is its unused condition. You'll be the first owner, ensuring that it hasn't been subjected to wear and tear. Although there are always risks, they are generally much lower with a new boat.
Another benefit is that a new boat usually comes with a comprehensive warranty. Most manufacturers offer warranties for new boats, which adds substantial value to your purchase. If something goes wrong, the manufacturer will cover the repairs. On the other hand, with a used boat, you'd be responsible for fixing any issues yourself or hiring someone to do it.
How Much Are Used Pontoon Boats?
Many people ultimately decide that buying a used pontoon boat is the right choice for them, as it offers several advantages. One of the primary benefits is the cost savings. On average, you can find a used pontoon boat priced between $10,000 and $15,000. This is a great option for those looking to purchase an older model without all the latest features. It's possible to find even cheaper options, though these may require significant repairs before they're ready for the water.
While you may save money initially, you might end up spending more time and effort on getting the boat into good condition. For some, it may be worth paying a bit more upfront for a boat that's ready to use immediately.
When buying a used pontoon boat, you also have more flexibility in where you purchase it—you can shop from both dealers and private sellers. However, keep in mind that buying used comes with more risks. Be sure to exercise caution and ensure that you're getting a boat that offers good value for your investment.
Will A Pontoon Boat Hold Its Value?
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When purchasing a pontoon boat, it's essential to keep in mind that you're making an investment. At some point, you might decide to sell your pontoon boat, and naturally, you'll want to recoup a significant portion of your initial investment.
To achieve this, it's crucial to ensure that your pontoon boat maintains its value over time. If it doesn't, you may not get back as much of your money when you sell it.
Unfortunately, like automobiles, pontoon boats are subject to depreciation. Even if you invest in a high-end pontoon boat, which may retain more value than a lower-end model, it will still depreciate. Lower-end boats typically lose value at a faster rate.
It's not uncommon for pontoon boats to depreciate by as much as 25% to 35% within the first year of ownership. For this reason, many buyers consider purchasing a used boat, as it has already gone through its initial depreciation.
Opting for a boat that is a few years old can lead to significant savings. Regardless of the choice you make, it's important to understand that the boat's value will inevitably decrease over time.
Don’t Forget Maintenance Costs
Remember, maintaining your pontoon boat is crucial to avoid losing money over time. Proper maintenance ensures the longevity and functionality of your boat.
If you're not handy with repairs, hiring a professional is advisable. Regular upkeep will make a significant difference in keeping your boat operational for years to come.
In addition to the purchase price, you'll need to account for state sales tax, which varies by state. You'll also have to register your boat with the United States Coast Guard.
Getting insurance for your boat is also recommended. On average, boat insurance costs between $20 and $50 per month, but it's a worthwhile investment for peace of mind and protection.
Other Expenses
In addition to insurance and maintenance costs, there are other expenses to consider once you've purchased your boat. If you’re a new boat owner, here are some additional costs you should be aware of:
Boat Trailer: Essential for transporting your boat, trailers typically cost between $2,000 and $5,000. Since you probably don’t live near a boat ramp, a trailer is a must-have.
Safety Equipment: Depending on how many people will be onboard, essential safety gear can cost up to $1,000. This includes life jackets, flares, and other safety items.
Training Courses: If you’re new to boating, you might need to enroll in training courses, which can cost around $250.
Fuel and Mooring Fees: Regular expenses will include fuel for your boat, mooring fees if you store your boat at a marina, and any ongoing maintenance costs.
Cleaning Supplies or Services: To keep your boat in good condition, you’ll need to budget for cleaning supplies or, if you prefer, professional cleaning services.
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