Dangers of buying a used boat
Buying a used boat can save you a great deal of money and many times the boat can be “like-new”. Many people buy a boat impulsively and end up rarely using it so after a while, they are making payments for nothing and sell the boat. This is wonderful for the serious boater who is in the market for a used boat. Of course, not all used boats come this way. There are seized boats and fixer-uppers galore for sale all over the world.
One of the best deals around on used boats involves seizures. The most common type is repossession. People don't make their payments and the dealership takes the boat back from them. Often, these boats are in great condition because the person it belonged to took care of it as they would be responsible for damages otherwise. Many dealerships offer these seized boats at a good reduced price and they are almost new. You can sometimes find these boats at up to 30 percent off or more. It's definitely something to check into.
The average used boat is between 5 and 10 years old and is sold either privately or on consignment. If sold privately, you can find them in newspapers, boat trading magazines, or online. The condition of these boats varies depending on the owner. Some people abuse their boats, don't maintain the engines properly, and just run them down. These are usually cheap but might require a bit of an investment to have it inspected and repaired. Many people take pride in their boats and just don't have the time for them or someone in the family passed it on to them. These are usually boats in good condition that don't need a ton of work.
The best bet when buying a used boat is to research that boats history thoroughly and make sure it is in good shape. Some people really like fixing up a run down boat but if that isn't your thing, find one that is in better shape. When dealing privately, make sure you get proof of ownership so you aren't buying a stolen boat.