How Much Does a New Boat Cost?

Posted Date: 01/08/2018

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One of the first questions potential boat owners want to know when they call TGYG is:

How much does this boat (Cobalt/EdgeWater/Crest) cost? Although this is a challenging question to answer, I will do my best here to explain some general pricing guidelines.

 

                The purchase of a new boat is much like the purchase of a vehicle, or even a home. With so many options and choices available, price ranges can vary significantly. Just as a Ford F150 can start around $25k with just a basic package, it can quickly cost over $50k once a shopper adds such items as all-leather interior, navigation system, chrome finishes, 4-wheel drive, spray-on bedliner, upgraded wheels, etc.

               Considering that the average American sells or trades in their vehicle within the first five years of purchase, why do so many people elect to get upgrades? The answer is because most people understand the importance of getting what they want the first time so as to not have any regrets down the road. Because most Americans spend over 30 minutes a day in their vehicles, they want to make sure their vehicle will provide them with comfort, quality, longevity, and ease of use. These same principles apply to most boat shoppers as well.

               You’re going to be on your boat with family, friends and possibly potential business clients. Picking the right boat, with the right options the first time is imperative to ensure maximum enjoyment with minimum maintenance. Because of this, most shoppers elect to get the boat that will make them happiest in the overall, long-term.

               Unfortunately, some people place sole focus on the initial price of the boat, with the goal of finding the cheapest dealer; therefore, sacrificing quality, warranty, performance and first-class dealer support. This inevitably leads to dissatisfaction with their boat and ultimately regret – leading to the misplaced stereotype that the best 2 days of owning a boat are when you buy it & sell it.

 

Some of the most common ‘options’ found in the purchase of a new boat:

-          Upgraded Chartplotters

-          Premium Stereo Systems

-          Underwater Lights

-          Onboard Battery Chargers

-          Hardtops/Extended Shades for Sun Protection

-          Hydraulic Swim Platforms

-          Windlass Anchors

-          Multi-Color Interior Lighting

-          Autopilot

-          Vaccuflush Head Systems

-          Digital Power Steering

-          Joystick Controls

-          GPS Position Holding

-          Satellite Weather Tracking

-          Cockpit A/C

-          Custom Flooring

                This list scratches the surface of the optional upgrades available. When TGYG provides a quote, we thoroughly examine each option together as to educate the boat buyer(s) on the benefits of each option. We want to identify what’s important for your boat and situation, and equally as important, ensure you fully understand which options are right for you.

 

What Options Should I Put On a New Boat?

               When someone inquires how much a Cobalt or EdgeWater may cost, extent of options & features is a significant key factor. What I mean by this is that as a company we can fully customize your boat with precisely the options you desire. We will equip your boat with as many or as few extras/options as our customers would have us do. This flexibility leads to less stress and more savings for the customer.

1.       For example, a Cobalt 25SC equipped with a few key features suited for the Tampa Bay area, can be purchased for between $85k-$95k. Compare this to a similarly equipped Sea Ray 270SDX OB, and you’d be hard pressed to get under $100k. Another customer could take the same Cobalt 25SC platform and ‘check all the boxes’ and the price could be in the $115k-$125k range.

2.       Another important aspect to consider is comparing all equipment – standard & optional – when comparing different boat builders. Take the EdgeWater 248CX or EdgeWater 262CX vs. the Boston Whaler 230 Vantage or Boston Whaler 270 Vantage.

a.       The EdgeWater 248CX comes equipped standard with:

               i.      fiberglass hardtop, windlass anchor, vaccuflush head w/ overboard macerator, fishing livewell, bow table, bow filler cushion, prep station w/ corian countertop, watersports tower, raw water washdown, freshwater shower and underwater lights

               ii.      The above equipment is all optional on the Whaler 230 Vantage

b.       The EdgeWater 262CX comes standard with:

               i.      Side entry/dive door (not available on 270 Vantage), vaccuflush head w/ overboard macerator, fishing livewell, bow table, bow filler cushion, prep station w/ corian countertop, watersports tower, raw water washdown, freshwater shower and underwater lights

               ii.      The above equipment is all optional on the Whaler 270 Vantage

           As you can see, whether you’re looking at a luxury sport boat like Cobalt, Sea Ray, etc. or a family fishing boat like EdgeWater, Boston Whaler, etc. it is critically important to ensure you’re comparing boats equipped similarly to each other. At TGYG, we thoroughly examine each option as to educate each customer on the various equipment benefits. We strive to help you identify the importance of all options and features to your family’s enjoyment on the water.