| Buying a used boat can be a daunting task. | | | | bottomed boat with a lot of open space. The |
| Regardless of whether it's your first time buying a | | | | biggest mistake that new boat buyers will make is |
| boat or you are simply upgrading there are a few | | | | thinking that they can tick all the boxes with a |
| tips and tricks that will keep you and your new | | | | single craft, and unfortunately they simply can't. |
| boat safe. | | | | Next, make sure that you are not buying out of |
| When buying a used boat, make sure you are | | | | your price range, boats require regular |
| buying from an authorized used boat dealer. No | | | | maintenance and some types, particularly race |
| matter where you are in the world, if any part of | | | | yachts and wooden boats can require up to one |
| your used boat fails shortly after purchase you | | | | third their purchase price in running costs every |
| will have some level of recourse against the | | | | year. It's for this reason that boats are often |
| retailer, buying used boats privately can incur all | | | | referred to holes in the water where you |
| kinds of problems down the track. | | | | repeatedly throw money. In addition to the initial |
| Identify how you are going to be using your boat. | | | | cost you will have recurring fees like storage, |
| There are many different ways to use and boat | | | | insurance, pen/mooring fees, trailer, engine |
| and each one requires a specific type. For | | | | maintenance, registration fees fuel, safety |
| instance some people will plan on spending lazy | | | | equipment and the list only goes on. A commonly |
| days sailing around and island, obviously they will | | | | used estimate for running costs is about $100+ |
| need a sailing boat, others will be more interested | | | | per foot per year to keep the craft operational |
| in waterskiing and wake boarding, they will need a | | | | assuming minimal use. If the boat is regularly used |
| powerful deep hulled boat and others will be | | | | you can expect to spend anywhere up to three |
| looking to go fishing, so will be looking at a flat | | | | times that amount. |