Buying a Used Boat: The Rewards and Dangers

Boating is a sport that promotes rest and relaxation, and the opportunity to connect with nature on a whole new level. It is a sport that can assist you on a quest to put fresh seafood on the table as well as allow you to kick back and enjoy the sunshine with friends and family on a long summer day. A boat is an investment that allows you to explore the sea while enjoying the simple pleasures of life. If you are considering purchasing a used boat for your water adventures, here are some rewards and dangers for you to consider.

Upkeep of the Boat

When you purchase a used boat, you do not necessarily get a clean and shiny engine as you would with a boat purchased new from the showroom. Before purchasing a used boat, be sure to check the engine to make sure it operates properly and see if the seller has a record of maintenance that has been completed during previous ownership. It is also a good idea to have a licensed surveyor do a thorough survey of the boat before you complete the transaction to ensure you will not have to do any costly repairs after buying the boat. You should also make sure there are no obvious signs of wear or damage along the frame, deck, and interior spaces.

A True Value

Purchasing a used boat is always more affordable than purchasing a brand new model. Boat dealers often raise the price on new boats based on supply, demand, and prestige of the vessel. You can find pre-owned boats with custom upgrades and new additions for a reasonable price, and save yourself some money, while still getting a dream ocean exploring machine. Another perk to purchasing a used boat is that the previous owner can provide firsthand knowledge on how the boat operates in the water.

No Wait Time!

Purchasing a pre-owned boat means that you do not have to wait for your boat to be built…which is an especially enticing perk for those who love instant gratification! Pre-owned boats are ready for a trip out to sea the instant you finish the transaction and receive the keys.

No Warranty

When you purchase a used boat, chances are that the warranty will no longer be attached to it, which is reason enough to make some buyers nervous. A boat is a luxury investment and you want to make sure it will provide you with many years of joy and not be a money pit. Again, be sure to ask for the maintenance paperwork so you can make an informed decision on risk versus reward.

The Depreciation Factor

Similar to purchasing a new car, a boat begins to depreciate in value from the moment it leaves the showroom. You begin to lose money instantly when you buy a new boat, and a new boat can depreciate as much as 10% in the first year before the value starts leveling out. Be a smart shopper and wait out the market; a used boat depreciates at a much slower rate.

New is New, and Used is Used

Before purchasing a pre-owned boat think about whether or not you will enjoy spending time on the water on a vessel that has created memories for others before you. Some people really enjoy being the first owner of an item, while others love gently used things. It is a matter of personal preference.

Making the decision to purchase a used boat should not be taken lightly. At Atomic Tuna Yachts is here to help you every step of the way. We work with expert boat brokers from all over the world to ensure you will get a product that meets your expectations and will not leave you stranded in the middle of the ocean somewhere. We are passionate yachtsmen ourselves and are excited to help you find your next luxury dream boat. Contact us today so we can get started!

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