top 7 boats buying strategies boat buying secrets

1. Top 7 Boats Buying Strategies  Boat Buying Secrets

2. Best Boat Buying Strategies Whether you decide to buy a new boat or a used boat, you can get started right away – and have fun to make sure you buy the boat in the best possible way. If you have made the right decisions about buying a bike, car, truck or even a house, this is the best time to buy your boat. Also, checkout our blog article the one big regret buyer have.

3. Used Vs. New Boat • For the same money you would pay for a smaller new boat, you can afford a bigger used boat. • To have a little more boat in your budget, consider buying a used boat, but if you decide to get it, get a marine surveyor to show you the condition of the boat. • If you are buying a second-hand pontoon boat privately, ask the seller to provide proof that he owns the boat.  • A lot of boats are sold to dealers because the dealership does not service them as new, so be sure to ask for service documentation. • To check the condition and quality of a boat you are planning to buy, ask a surveyor before buying.

4. History of the Boat • The Boat-Alert.com database combines 68+ nationwide databases into a single place so you can search the HIN History in a matter of minutes.  • These include records for stolen boats, marine lien claims, boating accidents, pollution incidents, auctioned boats, factory recalls, and boat manufacturers. • You can get one or ask the seller to provide it to see if they have nothing to hide. All you need is the HULL ID Number.

5. Price Ranges for Boats vs. TCO • Many boat buyers are concerned about the purchase price but consider the total cost of ownership (TCO). • Compare to other similar boat listings to get an idea if the asking price is realistic.  • If you have spotted the boats you like, take the price and add up how much it will cost to ensure your boat is safe and functional, and then see how that new number compares to similar boats on the market. This will help you prioritize and budget. • Websites like NADAGuides can also help you find out which boats are sold at the best price in respective markets. Hindecoder.com has a value calculator as well.

6. Buying a Boat on Financing • Use a boat loan calculator to see how the boat fits into your budget • Be sure to read the cost of owning a boat to find out the total cost • Read our blog article on Budgeting Your “Boat Dollars” for the annual maintenance.

7. Buy Local Boats with a Broker • Consider working with a broker to make the process smoother and avoid common mistakes. • When buying a new or used boat, remember that your local market will be key to finding your preferred model. • Proper use of a boat broker means extensive market research and assurance that the boat you choose meets your needs and offers a fair price. • Working with a reputable broker can save you time and money, and it doesn’t cost you anything. 

8. Buy Local Boats with a Broker • One of the most important aspects of choosing the right broker is to keep your boats in good condition when you sell them. • If you want to buy from a dealer read the blog article: 10 questions to ask a dealer.  • Go to the dealer or the boat show to see the boats up close. • This applies to pontoons and deck boats as well as others but consider the special needs of each boat and know the boat better than you.

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