Chaparral Build a Boat
When you're shopping new boats, performance, quality, style and price all factor into your buying decision. So does the name on the hullside. Respected worldwide, Chaparral is a name you can trust. Stretching from 18- to 33-feet, our 2018 fleet is our most complete ever... stern drives, jets, outboards in a size and price range that's right for every family. Recognized by every leading boating publication and industry association, Chaparral has earned more than 50 Awards for Product Excellence. But it's not just the experts that rate us number one... so do you. For 8 consecutive years, Chaparral has been recognized for customer satisfaction by the National Marine Manufacturer's Association. Equally impressive, we've won CSI awards for every category of boats that we build. Chaparral is proud to be #1 on the market in trailerable runabout boats! Stop in our showroom and see why Chaparral is such a popular choice of boaters everywhere.
Stop in and let us help you build the boat of your dreams! Call our store with any questions, 717-859-1121.
There's nothing better than being on the water!
Our store was recently featured in an article written by The Reading Eagle. Powerboat sales are on the climb nationwide, but is owning a powerboat a good investment? We think so! Check out this article to learn more.
THURSDAY AUGUST 9, 2018 11:48 AM
WRITTEN BY MICHAEL C. UPTON
Retirees take boat ownership seriously, but is it a good investment? For many, owning a boat is as much a part of the American dream as owning a house. For retirees, is it a good idea?
These days, Dale Hartman, 85, and wife Fran, 81, could easily be enjoying the splendors of retirement. But the founders of Lancaster County Marine, West Earl Township, Lancaster County, still enjoy being part of the family business. Opened in 1967, the dealership employs three generations of the Hartman family. "My grandparents still enjoy seeing all the regular customers coming in," said granddaughter Sarah Shanely, who handles the computer side of the business. "They still do whatever they can do to help out."
New powerboats sold
For many, owning a boat is as much a part of the American dream as owning a house. Consumer data from Statista show that 87 million U.S. adults participate in recreational boating annually. According to The National Marine Manufacturers Association, an estimated 260,000 new powerboats were sold in 2017. "Last year marked our sixth consecutive year of growth in new boat sales," said association President Thom Dammric. "And we expect that trend to continue through 2018. If economic indicators remain favorable to the recreational boating market, then the outlook is good for boat sales." Shanely said Lancaster County Marine has been enjoying the prosperity of the boating market over the past six years. "We have customers of all ages and all walks of life," Shanely said.
Most visitors to Lancaster County Marine age 50 and over are interested in lightweight watercraft, such as canoes and kayaks under 50 pounds, but there is an interest in bigger boats. "We have a couple coming in to trade in their fishing boat," she said. "They are both retired, and they are buying a 19-foot, brand new Chaparral." According to the manufacturers association, 72 percent of boat owners in the U.S. have household income of less than $100,000.
Upward of $50,000
The cost for a sport boat like the one mentioned by Shanely can range from $30,000 to $37,000, as researched on Boat Trader. The average price for the popular 22-foot pontoon boat often seen populating Pennsylvania lakes and the Chesapeake Bay is approximately $35,000 but can reach upward of $50,000. The sale price depends on the boat and the physical features. The total cost of the boat includes upkeep, gas (if not a sailboat), storage, taxes and fees. According to 2016 statistics from the manufacturers association, sales of new boats, engines and marine accessories topped $350 million in Pennsylvania alone.
Forbes magazine advises that when thinking about buying a boat, take the total cost of the boat divided by the number of times it will be used, realistically. The total cost should include the purchase price plus insurance, maintenance, storage or dock fees and licenses. That number should give a potential buyer a snapshot of how much each use will cost. Marine financing firm SGB North America recommends following these steps when considering financing a boat. Evaluate your financial situation by checking credit history, verify income and budget and prepare a down payment between 15 and 20 percent. Compare offers from different lenders and consider the "big picture" when confronted with overly attractive rates. Be meticulous with your financial documentation and obtain a pre-approval letter form a lender before shopping for a boat. Finance a boat at the lowest term to fit your budget: The monthly boat payment plus insurance, storage and maintenance should be no more than 45 percent of your disposable monthly income.
Jack Hillard of New Holland, Lancaster County, sold his boat after 23 years of ownership. Even though he said he could not imagine his life without it, the vessel's yearly upkeep became too much of a financial burden. "I had a friend who said, 'a boat is just a hole in the water you fill up with money,' " said Hillard. "That's what it got to be like." Hillard is not alone. The surplus of used boats in the United States is testament to a market oversaturated with products. However, many others argue that boat ownership is a sound investment for retirees. Proponents of boat ownership as an investment cite tax deductions.
Primary and secondary qualified homes are eligible for mortgage interest deductions. According to the Internal Revenue Service, any living space, whether it is a condo, mobile home or even a boat, can be considered as a qualified home if the property provides owners with the means to sleep, cook and use a restroom. This deduction has made boat ownership attractive to consumers. Some manufacturers specialize in designing boats based on the rules for mortgage interest deductions. According to finance writer Amanda Dixon, an owner will not have to reside on the boat full time for the boat to be accepted as a qualified home.
Boating for health
For the most part, being on the water is relaxing. A survey conducted by Discover Boating and Russell Research found that boaters had a higher level of satisfaction in several areas of life, including health, than non-boaters. Boaters in the survey said they enjoyed improved physical fitness and overall health, including the health of their family. Physical ability is something to consider when purchasing a boat in the retirement years. Former Coast Guardsman and avid boater of the Great Lakes region James Thomas Eastmanfound it necessary to pen "The Book for Senior Boaters." The book tackles the issues of aging and boating, while making recommendations for staying safe on the water. The Boat Owners Association of the United States offers a series of "smart solutions" for the aging boater. The organization recommends always using notes and checklists, bringing a mate along to be extra ears in hard-to-hear situations and adding nonskid surfaces and extra safety lines to a boat.