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[I49]I Need A Boat

by Kerry Ng, Ker

Whether you're in a stormy season or not, if you leave your boat unattended or unused for more than a week, it's a good idea to have it protected from the elements of nature, people and animals. The majority of people transport their boat from the water (dock) to a garage on land with a trailer. If the boat happens to be a stored on land in a specifically designed garage, then need for a boat console cover will not be required.

What You Need to Do When the Boat is Stored in the Open for a Long Time?

A boat is very sensitive to the elements of nature, however the most important thing that needs to be protected is the boat console. The majority of boats will come with a custom-made boat console cover, which will protect the boat from water, sun or dust. These are the most common elements that you'll have to fight against to preserve your boat.

Probably the best material to help protect your boat from all the elements is the old and very versatile canvas cloth. If the cover is made of canvas, you can be ensured that your console will be totally protected. While canvas will usually provide good protection against water, for the best results, some people will seal the cover with waterproof duct tape. This will almost guarantee total protection against even the worst possible storms.

Another good quality of canvas is its ability to "breath". This is a very important factor when the boat is stranded in a high humidity region. In this type of place, there is high moisture buildup, which, if left on the boat can destroy everything. This is particularly bad for the machinery of the boat console. The boat canvas cover will ensure that there is sufficient air circulating inside, so that the moisture evaporates before it can create potential damage.

A canvas boat console cover will also provide protection against dust and debris as well. While it allows the air to circulate, it also blocks the dust from entering and settling down on the console of the boat. Even against the strongest of winds, dust will not penetrate the canvas.

The bottom line is, the best way to protect your boat is to park it in a land garage. However, if you decide to leave your boat in the open, you will need to protect it with a customized canvas boat cover. This will ensure longevity for your boat.

- the price of the boat
- how much of your own money you are going to use
- how much do you need to borrow
- the interest rates of the loan
- the loan terms also known as 'the small print' in the loan contract.

You should compare loan offers from several sources before you choose one. On the internet this is really easy because, you'll be provided a list of different loan offers with rates and terms included. This makes it really easy to do a comparison and choose the right boat lender for you.

When you have decided which loan offer you'll go for you must apply for the loan. You loan application has to be approved and the lender will check your credit rate before he or she can do that. Most lenders will also require proof of income before they can approve your loan application. If you apply for your loan offline, you have to do some paperwork, online you just have to fill in a few boxes of info, push a button and sit down and wait for the decision.

When it comes to the loan's interest rate, you normally can choose between a fixed or variable rate. The niche thing with a fixed loan interest rate is that you will know upfront what your monthly payment will be. If this is important to you, then choose a fixed rate loan for you boat. The variable loan rate option can give you a lower rate in the beginning but normally the rates often increase after a while.

You can also choose between a loan interest calculated on a per day basis or over the lifetime of the loan. This can make a significant difference of the cost of your loan. Also be aware of and understand all penalties and fees included in the price of the loan.

You should carefully consider the loans pay back time. The longer time you choose to pay for the boat, the longer it will take you to acquire equity, which is the part you own. The loan's payback time should always be shorter than the time you plan to own your boat. Terms for boat loans usually ranges between 5 to 25 years for most boats.

Be careful to read all the loan terms, especially the part with small print. Let's take some examples of questions you may ask;

- Letˆs say you want to pay off your loan. Are you penalized with extra fees if you pay off the loan before time?

- Will your lender penalize you if you take the boat out of US waters?

- Does the lender charge any fee to get into the loan like for instance a small print that says that a certain percentage of the loan has to be paid as a loan origination fee?

So reading the 'small print' of the loan contract carefully, can be very beneficial for you.

Article Source : Boating Guide

About Author

Both Kerry Ng & Terje Ellingsen are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Kerry Ng has sinced written about articles on various topics from Home Buyers Guide, Acid Reflux and Strep Throat. Kerry Ng is a successful Webmaster and publisher of The Boat Cover Info Blog. For more great helpful information about boat covers visit The Boat Cov. Kerry Ng's top article generates over 18100 views. Bookmark Kerry Ng to your Favourites.

Terje Ellingsen has sinced written about articles on various topics from Business and Finance, Credit Cards and Check Credit Rating. . Terje Ellingsen's top article generates over 27100 views. Bookmark Terje Ellingsen to your Favourites.