The sailing season has officially begun! If you plan your next fun-filled sailing vacation or your birthday on a boat, you must wonder whether to buy or rent a boat in Montreal. Since buying and renting a boat has pros and cons, it becomes difficult to choose one. We have highlighted the difference between buying and Boat Rental Montreal, which will help you choose better. So, without any further ado, let’s dive in!
Boat Buying Vs. Boat Renting in Montreal: Overview
Boat Buying
Buying a boat can be described as a process of purchasing a sailboat or a watercraft, either for recreational or personal usage. Boats are available in various types, sizes and price ranges, ensuring you can make an informed choice based on your preferences and needs. While buying a boat, it is important to determine your purpose and needs.
Boat Renting
Renting a boat can be described as a process of temporarily hiring or leasing a boat for a particular period. Generally, people rent a boat to celebrate special occasions like birthdays, anniversaries, proposals and other celebratory events. These rental services are offered by marinas, individual boat owners, boat clubs or resorts.
Buying vs. Renting a Boat in Montreal: Key Comparison
Ownership
Buying:- Once you have purchased the boat, you will have complete ownership, ensuring anytime access and full customization.
Renting:- During renting, you are not termed as the owner; however, you get the flexibility to choose different boats and explore multiple destinations.
Costs
Buying:- Buying and maintaining a boat can be costly as there are ongoing expenses like fuel, storage, insurance and maintenance. The average cost of buying a vessel ranges between $50,000 to $1,00,000. If you’re buying a used model, it costs around $20,000.
Renting:- Renting a boat does not include higher upfront costs as there are no storage fees or ongoing maintenance costs; however, a rental fee is added. On average, renting a medium-sized boat ranges between $200 to $500 per day.
Customization
Buying:- Yes, as the boat owner, you have complete rights to customization.
Renting:- Since you have paid the rental fee, limited customization options are available.
Convenience
Buying:- Immediate access.
Renting:- Not available every time.
Maintenance & Repairs
Buying:- As the boat owner, you will be responsible for the overall maintenance and repairs.
Renting:- The Boat Rental Montreal company will be responsible for the maintenance and repair costs. However, if you have caused any damage, you will be liable to pay the cost.
Variety
Buying:- Once you have purchased, its variety becomes limited as you can no longer choose different boats for sailing.
Renting:- You have easy access to a wide variety of boats for different occasions based on your preferences.
Why Renting a Boat is a Much Better Decision Compared to Buying?
Yacht Rental Toronto is a preferred option if you love to explore different destinations and sail through various iconic sights to witness the mesmerizing views. If you plan to go out on a boat during birthdays, family gatherings, anniversaries, bachelorette or other important events, renting a boat is a more appropriate option.
By renting, you can save hundreds or millions of dollars. Additionally, you will not have to pay any maintenance or storage costs. On the other hand, buying a boat is a big investment that can cost you a lot of money without providing excellent benefits.
Wrapping Up!
Buying and Boat Rental Montreal are two popular ways to enjoy your parties on a boat and make your celebrations more fun-filled. This article highlights the difference between buying and renting a boat in Montreal.
