Buying a boat or yacht is going to be a large expenditure, even if the boat is smaller than the one you had your eye on. You have to consider all the associated fees that come with owning a boat like marina fees, storage fees, maintenance, repairs, fuel, insurance, supplies, fishing gear, safety equipment, license, and even a trailer. If this is going to be your first boat, it is important to lay out as little as possible up front so that you can make this most of the boating lifestyle.
The biggest savings when you decide to buy used is the cost of the boat. Even if the boat is a week old, just like how a care significantly depreciates the minute it dives off the lot, the same can be said for a new boat once it hits the water. That being said, there are hundreds, if not thousands, of cases each week where the new boat owner must get out of the deal for a variety of reasons. Whether they are relocating or have unforeseen issues, this is a chance for you to get slightly used for a significant saving.
Most people who buy boats brand new are going to be paying for all those extras up front. Even though they think they may get the trailer for free, it was figured into the price long before they made the deal. When you buy used from a private seller, many times they will toss in the trailer as part of the sale price, a huge savings to you.
When you first get a new boat, you can’t wait to buy all those toys that go with it. Whether it is a boat barbecue, tubes, or water skis, you might be able to get a motivated seller to toss them in with the boat if you make the deal today.
Safety equipment is not cheap, and you must have it before you can use the boat. If you are buying used, the seller may be willing to give you all those life jackets and life preservers as part of the whole package. That’s a lot of cash you will be able to keep in your pocket instead.
Now you see how you can save quite a lot of cash by simply making a shift in your focus and buying a used boat instead of brand new.