Want to buy a used boat? You’re right to consider it, because it has many advantages. However, it is a purchase where it’s unwise to be too hasty. To help you make the best purchase, here is everything you need to know about used boats.
The 3 advantages of a used boat compared to a new boat
A used boat is ideal for you if you are on a tight budget. Indeed, the purchase price of a second-hand boat is often much lower than that of a new one.
You won’t have to save for long to get your boat.
Buying a used boat also gives you more choice. The reason is simple: you will have access to many models. You even have the option of choosing a model that is no longer manufactured. This has its advantages if you have your heart set on a particular model.
In addition to the already-lower purchase price, you also have the possibility to bargain. This consists of reducing the price to get a very good deal. However, the golden rule is to be well-informed about market prices. This will allow you, on the one hand, not to buy a used boat at the price of a new one and on the other hand, it will help you to aim for a reasonable price when negotiating.
Usage: the basis of a successful purchase
Determining the use you will make of a boat is important when choosing one to buy. The type and model you choose will depend on this information. Are you going to use it for fishing, for simple cruising or for something else? The features and prices depend on all this.
You’ll also need to think about how often you’ll use it. Will the boat be used every day, regularly or occasionally? For a boat that will be used frequently, look for a solid model. It will require a bigger budget, but will cost you less in maintenance.
Then, ask yourself if you want to keep it for a long time. Indeed, many used boat buyers set a maximum time limit to keep their boat. After that time, you can trade the boat in for another model. If you plan to keep it for a long time, it’s important to choose it accordingly.
How much are you willing to pay for your boat?
You will also need to determine your budget. This is the most important condition for your purchase. If you already have the resources to buy, the first thing to do is to look at current prices. If you are working with a limited budget, your choices will probably be limited as well.
If possible, it is advisable to prepare a substantial sum. The reason for this is simple: you may find a model that is inexpensive to buy, but will cost you more afterwards because of major repairs, when you could have bought something better.
If you already own a boat, a trade-in is also a good way to finance the new one. In the used boat market, it is common to trade in one vehicle for another for an additional fee.
3 things to look for in a used boat
The hull is one of the most delicate parts of a boat. You need to make sure that the used boat you are interested in does not have too much impact marks. In the long run, this could jeopardize the watertightness of the boat by creating openings.
The engine is obviously a priority element to examine on a boat. It is the heart of the boat! In case of a defect, the extra cost can be very important. This is why you need to make sure it is in perfect condition.
Finally, don’t neglect the various mechanisms present. Check their condition and operation by trying them out.
How does the purchase take place?
The first thing to do when you buy a boat is to visit it. To do this, ask for an appointment with the seller. This is an important step, as it will allow you to estimate the general condition of the boat.
If the situation allows it, ask to try it out. It is during this step that you will be able to evaluate all aspects of the boat. Sail the boat as long as possible and pay attention to the different noises and behavior of the boat.
The next step is to prepare the papers. To do this, you need to check that the owner has all the necessary administrative documents. Then you will have to prepare the sale and the transfer of the boat to your name.
The last step is the purchase. Importantly, you must insure your boat before delivery. This will allow you to be protected in case of incident during this last step.
Don’t buy a used boat if…
Although the price may be attractive, it is important not to buy a boat if the owner does not allow you to visit it. Never buy without getting a close look. If the seller won’t let you see it, there may be major defects. The same goes for the test ride, especially if your location allows it.
Also, avoid boats with improper paperwork. Make sure everything is in order before you buy. Also, take the time to verify that the documents provided are for the boat you’re buying.