Buy a Used Boat | Get helpful tips on buying a used boat

Tips For Buying A Used Boat

How To Buy a Used Boat
Some used boat buyers say they want the biggest boat for the cheapest price. WRONG. You want the boat that comes closest to fulfilling your needs. The 70% rule says that if you use your boat 70% or more for fishing, then you should get a boat rigged for fishing, 70% used for pleasure, get a pleaure layout. Make a list of your used boat must have features and stick to it.

Check Your Finances
Consider buying only a used boat you can afford long term (3 years or more). Most beginning buyers sell at a big loss after the first season. Financing a boat with a boat loan is the most expensive way to go. Consider a home equity loan or secured loan at a bank. You may save 50% on your interest charges.

Finding Your Dream Used Boat
Buying directly from the seller is best. Remember, it is really the buyer who pays the commission. If you use a broker, make him work for his commission. Give him your specs and let him do the leg work. Don't accept the first used boat he shows you. You want a selection to choose from.

Geography
Stay close to home when buying your used boat. Long distance shipping is costly and hazardous. Also, a local used boat has seen use on the ocean or lake port you will be using. You can easily see how it has stood up and can mimic the same conditions.

Inspection
Never buy a used baot unless it is inspected by a licensed expert. He will find things you never could and thereby help you either to reject or better the price or your selection.

Negotiations
There are a number of used boats that fit your requirements. Cost is King and the buyer is the crown Prince. Bargain politely but firmly. He wants to sell. Pay particular attention to the equipment on board. New equipment can cost a fortune. Know the market for the used boat you are after and make a reference to other offerings at a cheaper price. Finally, have patience. Your dream used boat is out there at a fantastic price!