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These people went all-in on boat life. Here s how they did it, and what you need to know Share Updated: 4:03 AM CDT May 6, 2021 Terry Ward, CNN SOURCE: Maggie Jay
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These people went all-in on boat life. Here s how they did it, and what you need to know Share Updated: 4:03 AM CDT May 6, 2021 Terry Ward, CNN Imagine casting off most of your worldly possessions to live on a sailboat you bought on the Internet perhaps without even seeing it, or knowing how to tie a knot or hoist the mainsail.For some newbie sailors who embarked on boat life during the pandemic, the past year provided an unexpected push to make what may have once seemed unattainable suddenly within reach.Randi Hitchcock was 30 days into lockdown last April with her family in Colorado Springs, Colorado, when she hit the wall. The hours upon hours
Dallas marina operator buys superyacht service center for $340 million
It marks the second major acquisition of 2021 for Safe Harbor Marinas.
Dallas-based Safe Harbor Marinas purchased the Lauderdale Marine Center in Fort Lauderdale, Fla., in May 2021 for $340 million.(Courtesy of Safe Harbor Marinas / Safe Harbor Marinas)
11:38 AM on May 4, 2021 CDT
Dallas-based Safe Harbor Marinas is acquiring its second superyacht service center this year with a $340 million deal for Lauderdale Marine Center in Ft. Lauderdale, Fla.
The transaction for the 60-acre service and repair facility closed Monday.
The marine center, founded in 1997, has 106 slips, employs more than 100 workers and houses hundreds of marine industry tenants and contractors.
Demand Remains High
February registrations continued to soar. NMMA says builders âare shipping approximately
20,000 new boats monthly and operating at 13 percent above normal levelsâ
Author:
Apr 26, 2021
Preliminary data from just over half of the U.S. boat market showed what was largely expected: February’s registration numbers continued to ascend, with little sign of plateauing, according to Statistical Surveys, a Michigan firm that tracks new-boat registrations.
With 29 states reporting approximately 56 percent of the U.S. boating market registrations in February were up 16 percent in the main powerboat categories and 19 percent on a year-over-year basis in those segments. “What we’re seeing is there’s still high demand,” says Statistical Surveys sales director Ryan Kloppe. “As long as [manufacturers] can continue to build boats, there’s people waiting to buy them.”
Getting a boat loan: What you need to know
By Tim Maxwell article
Before you set sail in a new boat, educate yourself on boat loans, so you don’t sink yourself with a bad loan. (iStock)
Setting sail on the water is a dream for many Americans. And in 2020, that dream became a reality for many new boat captains, as recent powerboat sales increased by 12% compared to 2019, according to the National Marine Manufacturers Association. With an average price of $37,000 for a traditional powerboat, many of these new boat owners likely needed a boat loan to purchase their vessel.
If you’re looking to hit the water, read on to learn your boat financing options and how to apply for a boat loan. Then check out an online lender marketplace like Credible for loan resources and find competitive rates tailored for you.