#BUYING A BOAT - With the current economy making everyone think twice before they spend, the question of whether to buy or rent a boat is one being asked more and more often in the marketplace. But what should you consider before you make that decision?

Moose Landing Marina in Maine outlines the main points to be mindful of when you're on the look-out for a new vessel.

First things first is to figure out how often you plan on using your boat. If it's only a few times a year, then perhaps renting would be the most cost-effective option. But if you plan to take it out every week, spending more up front would surely bring you bigger savings in the long run.

If you're new to boating, evaluating the costs will surely be a primary concern. It might be prudent to consider renting for a time while you get your feet wet.

Maintenance should also be considered, as when you buy a boat you're also taking responsibility for its upkeep - making sure all fixtures and fittings are up to scratch and the engine is in clean running order.

Find out more on whether to rent or buy a new boat HERE.