Buying a boat is not something you do every day. There are boat tips galore, so it can be hard to figure out where to start or what advice to take seriously. This blog post will give you 5 boat tips that will make the process of buying your boat much easier!
1. Difine what kind of boat you want
Always do research before buying!
Make sure you know what kind of boat is best suited to your needs before shopping around since it will save time and money in the long run if you get something that isn’t right or just doesn’t meet expectations.
2. Do not get scammed
If possible, don’t buy from anyone unless they provide proof of ownership so there aren’t any problems with documentation later down the line regarding taxes or transfer fees, etc.
3. Talk to your bank before shopping for boats
You want to keep the price of the boat at a level that won’t break the bank. You’ll have to figure out how much boat you can afford as well as what boat type- so make sure you get pre-approved for a boat loan before shopping around!
4. Resale value
The boat will have resale value if it has the latest safety features and is in good condition. It should be well-maintained to retain its worth over time so that there are no surprises when it comes time for sale. But even a boat with years of wear can still sell for top dollar, depending on who you contact and what they’re looking for. For instance, some boat brokers specialize only in boats below $25,000; others buy boats up to $150,000 or more.
Another factor impacting the boat’s resellability is whether you’ve owned a boat before – this means higher initial costs but could make your boat easier to sell down the line because many buyers prefer buying from former owners as opposed to new sailors.
5. Boat insurance
Buying boat insurance is a great idea. If you don’t buy boat insurance, and something happens to your boat, then it’s going to be much more difficult for you. It will also take up all of the money that you were saving in order to purchase your boat which can put things on hold indefinitely. Boat insurance might not seem important when buying a boat but it does protect both your boat and personal liability as well!