Mike Loftus serves as the president of MLE, a brand services and merchandising firm based in Illinois. Outside of his responsibilities at MLE, Mike Loftus maintains a passion for boating. He has owned a wide variety of vessels since purchasing his first for $250 at the age of 18.
For people preparing to purchase their first boat, a good rule of thumb is to buy bigger than they actually intend to. Novices typically want to save money by purchasing a smaller boat, but vessels become less safe and less comfortable as they decrease in size. Also, smaller boats cannot travel as far as larger ones. For that reason, individuals who purchase a smaller boat may soon begin dreaming about a larger one.
Switching to a larger boat can prove costly, so it is advantageous to look at larger boats from the very beginning. While they cost more, it is possible to save by purchasing a used vessel.