Spring has nearly sprung; boat shopping has begun.
It’s nearly February, boat shoppers, and you know what that means: prime time for boat shopping is approaching. Are you ready to embark upon a Spring boat buying journey? After reading our tips, you will be. We’ve shared our boat shopping advice below. Just remember to call us for marine insurance when you add that beautiful vessel to your life…and your lift.
Spring boat shoppers should consider:
- Seller motivation – Whether you’re searching for a used craft or a brand new one, the owner is likely going to be motivated to negotiate. New boats are released during the summer months, so a dealer may need to make room for the new inventory. Private sellers looking to upgrade have extra urgency during this time as well. After all, the peak boating season is just a few months away, and they’re needing to research their next craft or avoid paying storage fees for the one currently up for sale.
- Research – There’s still plenty of time to learn all the facts about that center console, yacht or pontoon boat. Take this month leading up to the beginning of Spring to truly consider what you’d like in a vessel. One solid place to begin is with a copy of the NADA Marine Appraisal Guide, which displays the worth of different boats.
- Consulting the right sources – Treat the NADA guide as your ‘blue book for boats.’ Savvy car shoppers praise the Kelly Blue Book for its reliable valuations; the NADA guide shares the same trusted status. It’s a shopper’s must-have for boats from 7 to 60 feet.
- Keep that market and residual value in your mind while shopping. Boat prices can vary even for similar crafts. Knowing what you believe to be the true best price will save you money.
- Time– If you’re motivated to buy, skip the leisurely marina tours. There’s no reason to visit every marina around in search of what you want unless you truly do not have a type of boat in mind. In this day and age, all it often takes is a few online clicks to find a vessel that meets your requirements. That’s when you schedule a look-see.
- Once you’re interested in purchasing a certain boat, ask for extras – Let’s say that you do the homework, find the perfect boat, and sense the owner is willing to strike a deal. Now is the time to ask for more. Bottom painting? Slip rental? Maintenance plans? The negotiator may say no – but if you don’t ask, he’s likely not going to offer.