Buying a Boat on a Bargain

Whether you’re fishing, tubing, or just catching some rays, boating is a fun and enjoyable experience for all parties involved. Unfortunately, the initial step of purchasing a boat can break the banks of many people who are just trying to spend some quality time out on the water. If you’re considering buying a new boat for the upcoming summer season, we have a few helpful tips for you.

You can get some great deals on great boats from depreciation. As boat manufacturers are expected to roll out with new models year after year, the older models that are not sold have to clear inventory, which means bargain prices for you. As with anything that you buy used, a cause for concern is the condition of the boat, if the value of the boat reflects its listing price, and how many seasons it will last you. Additionally, you should expect additional maintenance on your part – particularly when you put your boat away for the season come autumn.

If you’re going to be pinching pennies over the next few years while owning a boat, you certainly don’t need to invest in a larger boat. Insurance, maintenance, fuel, repairs; just about every cost associated with boat ownership increases as the size of a boat increases. Even if you can find a great deal on a boat that is bigger than what you need, you may want to decline the offer on account of ownership costs.

Having a solid and accurate understanding of what the current market prices are for boats that you are interested in buying goes a long way when you are negotiating prices with the boat owner or dealer.

Do a broad search on the Internet for boat models and prices and compare to what you can find locally. It is important to remember that distance plays a huge role in the price of a boat, as transportation costs of large boats can be quite hefty.

Like in the car sales world, it is particularly important to keep sales separate if you wish to get the best deals on your purchases and sales. Dealers often like to use trade ins as a bargaining tool, as they can set a profitable margin on both the boat they are selling and the one you are selling to them, and a person not trained in boat sales can easily lose sense of the value of what is being bought and sold. If you have the time and patience, selling your boat on your own will often yield the best selling price for you.

Another bargaining ploy many dealerships use is offering an enticing warranty coverage on a boat. While there are certainly plenty of pros and cons to including a warranty in the purchase price, the majority of expensive problems on your boat won’t occur until after the warranty has expired. Additionally, you can shop around for various warranties online and at other marinas to find the best option for you. It just takes extra time and effort on your part.

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