Is it worth buying a used boat?

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Meaghan Homenick asked a question: Is it worth buying a used boat?
Asked By: Meaghan Homenick
Date created: Sat, Jun 5, 2021 12:51 AM
Date updated: Tue, Jun 28, 2022 4:47 PM

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Video answer: Buying used boat what to look for

Buying used boat what to look for

Top best answers to the question «Is it worth buying 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.

Video answer: What to look for when buying a used boat

What to look for when buying a used boat

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We would pay cash. A big one, but we would not be going into debt to buy a boat. We would pay cash for it, plain and simple. And the cons… It’s expensive. I figured we could get a decent used boat that would fit in our garage for $5K-$9K. While we are able to pay cash, we’re currently saving for a hefty down payment on a house.

But if you're new to boating—or simply used to buying new—the prospect of buying a secondhand boat may be enough to send you running for shore. There are lots of great deals out there, though some may be hiding under a summer's worth of weeds.

If you’re looking for a used boat, you’ll want to go over it with a microscope and make absolutely, positively sure it doesn't have any of these 10 common problems - which commonly go unnoticed. By Lenny Rudow. March 24, 2021. Whenever you buy something used, there’s a higher level of risk than when you buy it new.

I've made a conscientous decision about buying a boat; it's not just something I'm "doing to keep up with the neighbors." 12) We bought a used boat. This is self-explanatory; buying new cars and new boats is financial retardation. 13) I might be experiencing a mid-life crisis.

What is a used boat worth? Use this boat pricing tool to find used boat values, used boat prices and the market value of a boat you want to sell or purchase. The Blue Book or KBB for boats. Find Prices and values for power boats, sailboats, personal watercraft, outboard motors and trailers.

There are a number of advantages for buying a used boat, to boot. Boats that were brand new a few years ago, like this Stamas 289 Tarpon, are now showing up on the used market at reduced prices. Still, used-boat buying is not without its pitfalls. In many cases you won’t have a new-boat warranty to back you up if something goes wrong, and ...

Buying a boat is always an exciting time, and for the best experience possible, it's always a good rule of thumb to work directly with a professional boat dealer or manufacturer (both of which have a wide selection of affordable entry-level models at reasonable prices); however, we understand that some boat buyers may opt to buy a used boat from a private seller in an attempt to save some money over the price of a new boat.

Fiberglass and aluminum don't rot like traditional wood does, so today's boats last a long time. Buying used can also save you money upfront, but just like buying a used car, it also increases the variables. If you haven't bought a used boat in the past, be sure to check out Boat Buyers Beware: 10 Hidden Problems to Look For in Used Boats.

First and foremost, a new boat is NOT an investment. If anything it's an expensive liability. As for financing, very few people buy a new boat or even a really nice used boat and pay cash for it. Now, I will say I think you fall into the sucker trap if you finance one more than four or five years because of a couple of reasons.

Re-engineering the motor mounts, exhaust system, fuel lines, cooling system, etc., adds complexity and expense. If you’ve got a solid hull and good engines, you can use your boat on the weekends while the yard works on the other jobs during the week. Before long, your boat will be as good as new, and maybe better.

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Video answer: How to buy a boat / things to look for to save you money

How to buy a boat / things to look for to save you money