Quick Answer: What Questions Should I Ask When Buying A Used Boat?

What is a good boat for beginners?

5 Best Starter BoatsDinghies.Aluminum Fishing Boat.Pontoon Boat.Fish-and-Ski.Bowrider..

What are the worst boat brands?

Boat Brands to Avoid [4 of the Worst Boat Brands]Bayliner.Monterey.Luhr.Kingfisher.

What are the best used boats to buy?

Best Boat BrandsChaparral. … Grady-White. … Lund. … MasterCraft. … Sea Ray. … Tracker. … Yamaha. … Viking Yachts. Although the cost of Viking Yachts will price out the average boat buyer, this brand is still one of the most recognized—and admired—on the ocean.More items…•

What is the best time to buy a used boat?

Boats are no different at all. Dealers price them highest in the spring, and lowest in the fall and winter. Boat sales being as seasonal as they are, encourage marinas to boost cash flow during the quieter months by selling at a larger discount.

How many hours is a lot for a boat?

There are a few things to consider when looking at boat hours. Unless you are looking at a really high hour boat (2,000+ hours) there are typically very few drawbacks to the number of hours a boat has. In fact, a boat with normal hours (50-75 per year) will often time run better than a boat with low hours.

Do Boat dealers negotiate price?

Negotiating Your Boat Purchase They know just what their overhead costs are and what level of profit they need to make to stay in business. Ask an honest dealer what the bottom-line price is, and you’re likely to get a straight answer. … Buy at a boat show, where the dealer may offer special incentives or reductions.

How much is boat insurance a month?

The general rule of thumb when it comes to calculating average boat insurance prices is that you’ll pay about 1.5% of the value of your boat in annual rates. To insure a boat worth around $20,000, it would cost you only about $300 per year to have it fully insured.

Is buying a boat a waste of money?

Boats are a good investment if you don’t overshoot your budget. If you research your options and go for a vessel that you can afford, nothing trumps the joy of spending time on the water. However, a boat can definitely also be a bad investment. A rule of thumb is to only buy a boat you can afford to pay for in cash.

Is 1000 hours a lot for a boat?

The number of hours that a marine engine runs is very dependent on the amount and quality of maintenance over the years. The typical gasoline marine engine will run fine for the first 1,000 hours. It is at this juncture that the engine starts to exhibit small problems.

Is 1200 hours a lot for a boat?

Much like high performance cars, some boat engines are not designed to last forever. If a boat is 10-15 years old, 200-300 hours is most likely not enough. You would want to see that number closer to 500 or more for a boat of that age.

Where is the best place to buy a used boat?

Craigslist, Kijiji and magazine classifieds Without a doubt, the best place to buy used boats online is in the wilds of Kijiji, Craigslist, and the classifieds. We have found many boats for sale on Craigslist that never appeared anywhere else online, but there are a few secrets to scoping out the very best deals.

What should I look for when buying a used boat?

What to look for in a used boat?Questions I feel that you should ask before buying a used boat: · What’s the year of the boat and the motor? … The Outboard Motor: · Compression Check. … The Boat: Make sure you’re looking at the style of boat that best fits your needs. … The Trailer: Don’t overlook the trailer.

What do I need to know before buying a boat?

12 Things to Consider When You Are Buying A BoatNew or Pre-Owned. The first decision you’ll need to make is whether to buy a new or used boat. … Size. There are many different factors to consider when you’re thinking about what size boat you will need. … Sail or Motor. This choice will usually just come down to personal preference. … Uses. … Time. … Financing. … Insurance. … Legal.More items…

Is buying a used boat a good idea?

While you can certainly find expensive used boats, if you want a reasonable vessel that fits within a tight budget, you will likely choose a used option. Not only is the price lower, but like a used car, much of the value depreciation has already happened, so a used boat will hold its value better as well.

How expensive is owning a boat?

The annual tab for upkeep, including insurance, winter storage, and maintenance comes to $4,300. That’s $358 per month. Neither of these estimates include taxes, registration, and mooring or dock fees so the real cost of owning a boat is even higher.