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Other Things to Consider when Buying a Boat
I previously talked about some of the questions a first-time boat buyer would have about choosing the right kind of boat for him. In this article, I’d like to discuss some other common questions that potential boat owners have during the boat buying process.
1. What do you think is the price range of a new boat or yacht? Well, prices can naturally vary based on size and manufacturer of the boat, but you can spend something around $20,000 for a small runabout up to about $750,000 for a fifty-foot luxury yacht. However, many yacht manufacturers, and yachtSource Online as well, can arrange for financing of your new boat. Payments for many entry-level boats can be less than $200 per month.
2. Can I take a boat out for a test drive to see if it fits your needs? Definitely. Generally, this is talked about as sea trials. Usually you will take the boat out for sea trials after your offer has been made and accepted. Your personal broker can arrange for this kind of trial and will be present during the sea trials himself. If you find something which is not to your satisfation, you can withdraw your offer.
3. What should I look for when inspecting a boat? A certified marine surveyor can help if you are looking at larger yachts, otherwise you should give particular attention to the engine, bilge, steering and throttle controls, electrical components and systems, floors, propeller, deck hardware, fuel tanks, batteries, rigging, hardware, sails, hull condition, prop shaft, and upholstery. Both the National Association of Marine Surveyors and the Society of Accredited Marine Surveyors offer licensed professionals to help you evaluate a vessel and make an educated decision when buying a boat.
4. When is the best time to buy a boat? Boat shows can often be a good time to get special deals, rebates, or incentives. Watch the yachtSource Online Boat Blog for special manufacturers promotions and for notices of boat shows. In areas where the boating season is not year-round, purchasing a boat at the end of the summer can often be a good move, since the seller may be more willing to negotiate knowing he will not have to pay for storage through the winter and dockage the following year.
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