What’s true of real estate in 2009 is also true of the boating world: It’s a buyer’s market. So if you’ve always wanted to hit the open water but didn’t think you could afford it, now may be the right time to reconsider.
Prices on new boats dropped steeply in the past year as used boats flooded the market, so start your search at a boat show or local dealer, where you can find surprisingly good deals on new models. For instance, Chaparral Boats, a subsidiary of Marine Products(MPX Quote – Cramer on MPX – Stock Picks), is running a “Wow Now” sales event with cash rebates and free extended engine warranties. Marine retailers like MarineMax(HZO Quote – Cramer on HZO – Stock Picks) can help you choose and finance the right boat. By cruising shows and dealers, you can get a firsthand look at different models and ask questions about them…Â More info