Boating on a lake or out at sea is a great way to spend your summer. If you go boating frequently, it may be worthwhile to get your own boat. The prices of boats can vary greatly depending on type, brand, model, age and condition. Here are tips on how to save money when buying a boat.
Compare prices There are dealers and boat owners selling all kinds of boats on the Internet. To make comparison-shopping effective, know exactly what kind of boat you want and its market price. Use a comparison-shopping website or get quotes from several dealers or private sellers to compare offers.
Buy at a boat show Boat sellers at a boat show are generally willing to sell their display boats at lower prices to save transport costs. Visit a popular boat show and select a few models that meet your preferences and budget. Write down all the information available for each boat, including the price, brand, model, size, type, features, options and equipment. On the last day of the show talk to the salespeople and let them know that you will definitely be purchasing a boat at the show, but you are not sure which boat to buy. Then negotiate for better prices, starting from 30 to 40% below the written sales prices.
Buy out of season Most boat dealers have to pay interest on boats that are on their lots. To minimize these interest payments, they may be willing to reduce the prices of their boats considerably at the end of the boating season.
Buy from an out of biz boat builder Find boats made by former boat builders at large boat dealerships. It is recommended that you get a boat surveyor or mechanic to inspect the boat before you buy it. The lowest-priced boat may not always be the best deal. To ensure that you are getting the best value for your money consider the components, features and equipment that are included in the selling price.
About the Author: John McMalcolm is a freelance writer who writes on a wide range of subjects, from money saving tips to biographies of famous entrepreneurs such as Richard Branson, Mark Cuban and Steve Wynn.