That advice about buying a used car can apply to any type of vehicle.
Virtually anything with an engine — from off-road vehicles to yachts — will depreciate in value over time. So, in most cases, you’ll get more bang for your buck by purchasing used.
New boats, for example, depreciate the most in their first year. So, even if you buy a vessel that’s just one year old, you stand to save a boatload.
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