How to Purchase a Used Boat

Learn how to purchase a used boat in this Howcast boating video with expert Toby Stull.

Transcript

Hi, my name is Toby Stull and I'm captain with Out in the Water Sailing. We're an adventure sports sailing company, providing charters, sailing lessons, vessel training and consulting. Please visit our website at www.out-sailing.com. We're here today in Liberty Harbor to talk about boating. When your buying the boat having all the knowledge is the key. First, know what type of boat you want. Know what kind of expense you want to get in to. If you have a boat that you were going to keep on a trailer your storage costs are down, but if your keeping your boat in a marina you have your marina fees and also your fees when the boat has to go out of the water, dry cock, and have work done to it. Talk to friends who have boats. Stop at a marina and peer over the fence. Usually someone will talk to you and explain to you a little bit about it. Once you have found the boat you want your going to contact a broker. A broker is like a real estate agent and is working for the seller of that boat. If you decide you like the boat, make an offer. When you look at the boat look at it with eyes wide open. and try not to use your heart to much. Sometimes there are flaws that just can not be overlooked. And make sure on a more expensive boat to hire an accredited marine surveyor. The surveyor works on behalf of you to go and inspect that boat and find out anything wrong with it. Don't be alarmed, unless those flaws are major most can be accounted for. Either by having the seller fix the problem or in the price. A survey usually leads to a 2nd negotiation. Outside of that make sure you have your insurance and if your financing your financing and how are you going to register the boat, all sorted out before the day of your closing. You don't want any surprises that is going to delay you getting your hands on your new boat.

Popular Categories