Quick Answer: What Is The Best Time To Buy A Used Boat?

Why is owning a boat so expensive?

There is no getting away from the fact that boats are expensive – both to buy and to maintain.

Many factors influence the cost of owning a boat.

It begins with the purchase cost, whether new or used, and continues on to the upkeep, where maintenance, birthing or storage fees, fuel, and insurance can add up..

What should I look for when buying a used boat?

8 tips for buying a used boatLook for cracks in the fibreglass above and below the waterline. Small cracks, such as spiderwebs in localized areas, are mostly cosmetic. … Inspect for signs of damage. … Check for loose seats. … Look for mildew. … Make sure the electronics work. … Check the belts. … Start the engine. … Test the oil.

How many hours is a lot for a boat?

Unless you are looking at a really high hour boat (2,000+ hours) there are typically very few drawbacks to the number of hours a boat has. In fact, a boat with normal hours (50-75 per year) will often time run better than a boat with low hours.

How much below MSRP should I pay for a boat?

Depending on the price of the boat, the retail customer should get anywhere from a 10% to 15% discount from MSRP and sometimes 20% on more expensive models. These are volume production boats sold through dealerships.

Is owning a boat worth it?

Boats are a good investment if you don’t overshoot your budget. If you research your options and go for a vessel that you can afford, nothing trumps the joy of spending time on the water. However, a boat can definitely also be a bad investment. A rule of thumb is to only buy a boat you can afford to pay for in cash.

Where is the best place to buy a used boat?

Craigslist, Kijiji and magazine classifieds Without a doubt, the best place to buy used boats online is in the wilds of Kijiji, Craigslist, and the classifieds. We have found many boats for sale on Craigslist that never appeared anywhere else online, but there are a few secrets to scoping out the very best deals.

Will boat dealers negotiate price?

Negotiating Your Boat Purchase Ask an honest dealer what the bottom-line price is, and you’re likely to get a straight answer. That doesn’t mean, however, that you can’t make some special requests. Dealers can sometimes add an extended warranty or an option or two to sweeten the deal, without taking too much of a hit.

What is the best boat for the money?

Best Boat BrandsBoston Whaler. … Chaparral. … Grady-White. … Lund. … MasterCraft. … Sea Ray. … Tracker. … Yamaha. Yamaha boats are the only jet-powered watercraft to make our list, but it’s clearly deserved since they are consistently the number-one choice of consumers buying runabouts in the 19 to 24 foot class.More items…•

What is the average markup on used boats?

Hulls: 15% to 30% for the factory and 10% to 30% For the boat dealer. Warrantees: 50% of the face value. Intrest rates. Most dealers try to add 2% to the APR.

Is it cheaper to buy a boat at a boat show?

The high-traffic nature of boat shows makes for a competitive environment for dealers. Buyers can take advantage of this sense of competition to score a great discount on a boat they’ve been eyeing. There are often special “show-only” deals at exhibitions and are unavailable any other time.

What is the best month to buy a boat?

DecemberDecember is the best time to buy a new boat and get a great deal. In fact, if you’re looking for a bargain, between December 14 and the end of the year is the best time of all.

Is it smart to buy a used boat?

While you can certainly find expensive used boats, if you want a reasonable vessel that fits within a tight budget, you will likely choose a used option. Not only is the price lower, but like a used car, much of the value depreciation has already happened, so a used boat will hold its value better as well.

How do I get the best deal on a boat?

7 Tips to Get the Best Deal on a BoatTiming can make or break you. … Regional boat shows are rife with deals. … Shop local, but always shop around. … For some boat purchases, you need a reputable broker on your side. … Finance your boat through a marine lender. … Let an independent agent shop for boat insurance. … Enjoy the experience.

Should I buy a used boat or new?

A used boat gets you out on the water for less money, and there’s tremendous value in that. When you buy used, much of the depreciation already has taken place. The rule of thumb is that new boats depreciate 10 percent the first year and 6 to 8 percent every year thereafter.

What is a good boat for a beginner?

5 Best Starter BoatsDinghies.Aluminum Fishing Boat.Pontoon Boat.Fish-and-Ski.Bowrider.

How do you negotiate a used boat?

Here are a few tips for negotiating the best price.Begin by Looking at Comparable Boats in the Area. … Make a Low Offer First — But Be Respectful. … Tally Up Any Repairs You’ll Need to Do in Your Head. … Check on the Insurance. … Don’t Get Too Hung Up on One Boat. … Ask for Some Extras to Be Tossed In (or Forego Extras)