A GPS will tell you your lat and long. It will usually have a way to display
waypoints that you enter. Perfectly fine if you have paper charts or
a chartbook to look at too.
A chartplotter will display a map and mark showing where you are
on that map. The choices for where you get those maps or charts
are varied. Others will offer more advice, I'm sure. I am not very
familiar with current Garmin offerings.
I will say that I was playing with one that had a builtin chart. The
depths for my area, off my dock, were massively incorrect. You will
probably want to factor in the purchase of an electronic chart set. This
can cost from $50 to, well, I don't know, exactly.
Chartplotters are cool. I would not like to go back to a plain GPS.
But, a GPS will tell you where you are, and that may be all you
need.
Also, you should make sure the GPS has NMEA out and if you have
a DSC equiped radio, and boat in an area where someone will
pick up the broadcast, you should connect the GPS to the VHF. That
way, the emergency broadcast function of the radio can tell
rescuers where you are.
Mike