| It's summer and it's a buyer's market. What | | | | banks will sometimes sell their boat to recover |
| better time to buy a used boat? Due to financial | | | | the investment. Although these boats often go |
| strains, many people are giving up their luxury | | | | for %20 to %60 of their value, the banks seldom |
| possessions. In the used boat market, selection is | | | | advertise these sales. |
| high and prices are low. There are currently a few | | | | 3. Government auctions are a great option. |
| different sources to find used boats for sale. | | | | Between federal, state, and local government |
| Explore Your Sources | | | | auctions, there is a wide selection of boats at a |
| As a buyer, you can explore many of the same | | | | wide range of prices. Sometimes bidding starts as |
| options that boat dealers use to purchase | | | | low as $100. These auctions are also not well |
| inventory. Here are a few ideas: | | | | advertised, so there will be fewer bidders |
| 1. Classified ads are a great way to find boats for | | | | competing for your favorite watercraft. |
| sale by owner. Online classified websites such as | | | | Your Best Source |
| craigslist are often also a good choice. If you are | | | | If you have decided to explore your options, you |
| lucky, you might be able to find a deal. | | | | are probably wondering where to start. There are |
| Unfortunately, unless you are an expert, you | | | | websites that list online auctions, and give |
| probably won't be able to determine the | | | | information on how to bid. Joining one of these |
| mechanical condition of the boat. Nobody wants | | | | sites will allow you to search out some of the |
| to go home with any unpleasant surprises. | | | | best deals available and make an informed |
| 2. Many boats get repossessed by banks or other | | | | purchase. Take advantage of this market. This is |
| financial institutions. When an owner fails to make | | | | a great time to buy a used boat. |
| payments or owes a large sum of money, the | | | | |