No matter what type of boat you are looking to buy, there are some very important points that you should take into consideration first. After all it can be one of the biggest investments that you make in your entire life and you need peace of mind when spending so much money that it is sound. Here we have a look at some basics to consider when looking to buy boats.
- Are the dealer’s officially recognized by the boat manufacturer if you are buying a new boat?
- When buying, ensure that a recognized and valid contract has been written?
- Ensure that you know exactly what is included in the sale. For a second hand sale, get a list written of all that is included in the sale. For new boats find out what are extras and what is included in the price.
- When buying a used boat, make sure that your offer is subject to a survey and possibly a sea trial.
- If you buy a boat with finance, does the finance company register the boat or are you responsible? Also find out the date that insurance will need to be active.
- Agree the fixed price and then agree a time and date to send payments and deposits and keep to these times.
- If buying a used boat, are all of the ownership documents available?
- Ensure that a delivery date has been set.
Don’t forget that it is not only the purchase cost of the boat that you need but also financing for the overall running costs. Some examples of these are below:
Boat and trailer registration; Taxes; Survey; Insurance; Trailer; Fuel; Storage; Docking or mooring fees; Equipment (fire extinguishers, flares, life jackets etc); Maintenance.
That is the basics of what to keep in mind when looking to buy boats. As outlined above, there are numerous factors like costs and options to consider no matter whether in the market for a used or new boat. We hope that the above will ensure that you find a good boat and the sale goes smoothly.
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