Whatever your reason for doing so, selling a boat can be tough. Not only do you have to account for depreciation, but you may also have to make repairs and wait for ages before someone approaches you about it. There are also plenty of mistakes you can unknowingly make that cause problems. Some of
As a boat owner, there are many things your vessel can’t do without. Life jackets and anchors, for example, are necessary. But have you given any consideration to procuring a Bill of Sale? Even if you plan on never selling your boat, having a US Coast Guard Bill of Sale can be beneficial. Unfortunately,
One of the things all prospective boaters should take into account is boat depreciation. Many kinds of boats exist, as well as brands, models, and features. Not every depreciation curve is going to be the same, but boats do depreciate in value—much like motor vehicles. Knowing how much your new boat may depreciate can help
Modern times are great. You can stay at home and buy or shop for a boat online. From looking at pictures online, taking a tour of the vessel, and making contact, most of the steps can be done virtually. This raises the question of why you should use a yacht broker to buy or
Do you know how long the marine engine on your boat is going to last? There are two kinds of marine engines—gasoline and diesel—and one lasts far longer than the other. On average, a marine diesel engine lasts about 5,000 hours, while a gasoline engine lasts for 1,500 hours. What does that mean for you
Think of the last time you purchased a vehicle. You took it out for a spin before signing the contract, right? Go into buying a boat with the same process. Taking a watercraft for a test drive is essential to finding the one that is right for you. It is the only way to
Want to sell your boat but still owe money on it? You have options. Selling your vessel when it has been financed may seem daunting, but it doesn't have to be. Not when you know how to sell a financed boat the right way. There are three steps to cover before handing your boat off
Whether this is your first time purchasing a boat or you have owned several in the past, having a second opinion about a boat is important. Since a boat is a huge investment, you want to make sure you are making the right choice. That is why boat surveys and valuations matter—even when they seem
The starting price of a boat is also the breaking point. You don’t want to overprice your vessel as the seller, nor do you want to overpay as the buyer. When deciding on the right price for a boat, it takes a little research on the make and model, as well as an inspection of
Selling a boat only requires one interested person. In order to seize that person’s attention, though, you need to put your listing in the right place. Advertise in the wrong place or way, and you may end up holding onto your used boat for longer than you wanted. So where is the best place to
