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Buying a
Previously Owned Boat
Tip!
Before you make your used boat purchase do
your homework. Don't just pay the asking price without first
finding out what the book value of the boat is. Use the
www.bucvalu.com or the
NADAguide.com to see how much the boat is worth before you
purchase, These two manuals are similar to the Kelly Blue Book of
automobiles.
If you
are the type of person that buys something uses it often and keeps it
forever than maybe a new boat is for you. But buying a new boat is a big
step especially in today’s market. If you’ve never been boating or have
never owned a boat you’d probably be better off starting with a used boat. So you can
test the waters so to speak.
There’s
nothing to be ashamed of in buying used. Some used boats are built far
better than the new ones. Look at it this way there are hundreds if not
thousands of boat owners who had to mortgage their house and sell their
first born for that new expensive boat that sits in their yard all year.
Probably the only water it has seen was from last weeks rain storm. Don’t be
one of those boat owners.
The main
thing is to enjoy yourself get out to the water and have a blast. Far better
is the boater in his or her used boat every weekend than the rich guy
working 70 hours per week getting out to the water once or twice per year.
How many
times have you passed boats in yards around the neighborhood whose trailer
tires are flat and dry rotted? Some people spend literally tens of thousands
of dollars on fancy boats and jet skis and never use them. Buy the boat you
can afford don’t go crazy just to keep up with your neighbor who never even
invites you out to the water. I know I’ve seen countless boats in yards
being from Miami. While all the rich guys were working I was enjoying the
ocean on my 16 foot 1967 tri hulled Woodsen. Those were the day’s lots
of fun.
Remember
this; boats are like automobiles in that they depreciate just like
automobiles do. So buying a used boat does have its advantages. It’s funny
the term used boat is usually the furthest from reality.
Tip!
Another good place to find great deals
is at government auctions. You usually need to go with a cashiers check
just to be able to bid. But the bids are sometimes for pennies on the
dollar.
Most of these government auctions are for seized vehicles and
boats. Here's a link
Click Here! to a site that has information about these types of auctions.
Because usually nine times
out of ten the reason the boat is being sold to begin with is because it is
NEVER or seldom used. That’s why I referred to previously owned in the title
of this article. I have bought boat engines that were considered relics with
less than 100 hours of running time on them. Compared to your automobile
that’s almost brand new.
Look at
it this way it’s probably good that used boats already come with a few
scratches and dents. This way you won’t feel so bad when you make a few of
your own. With the money you save buying used you can afford to purchase
accessories and make any necessary repairs. Boats are a lot of fun but the
hobby can get a little expensive as well as time and labor intensive.
Another
thing is that when you purchase a used boat from a previous boat owner. The
majority of the time the previous boat owner is getting rid of the boat
because they never used it. So guess what you usually get all the goodies
they bought for the 4 years or more that they had the boat. Family and
friends keep buying birthday and Christmas presents for the not so avid
boater. Hey they meant well. Their
loss is your gain. Often times you can get marine radios, life jackets,
antennas, fishing tackle all thrown in for one nice neat and tidy bargain
price.
Tip!
I always suggest joining a good boat forum or bulletin board. You can
ask questions about the used boat you're interested in.
Questions like: How does it handle in the water? Is it a good buy? etc.
You'd be surprised at just how much information other boaters are
willing to share with you. Just make sure to choose a forum with a lot
of posts.
The only
downside to purchasing a used boat is that one does not know whether or not
the boat has had any previous maintenance issues. You won’t know whether or
not the previous owner took the proper care of the boat. Unless of course
you buy from the guy down the street, maybe you saw the boat in his yard for
the last eight years. In any event it’s always a good idea to have someone
knowledgeable inspect the boat for you. Like maybe a boat mechanic or
someone who just knows a lot about boats.
Read a
lot about the subject. Check out some books from the library. Find out as
much as you can about the model you are contemplating the purchase of. Often
times a little due diligence on your part can go a long way. Good luck to
you and I hope you find that gem of a boat for a bargain price.
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