Private Sale or Dealer?
When searching for different boats for sale online, you will come across boats for sale from private sellers and also boat dealers or brokers. The are pros and cons associated with buying a boat from either source, but both are definitely worth your consideration.A boat for sale privately can sometimes be bought for a lower price. This is because there is no commission to be paid by the seller to a third party seller. Another reason for this is that the seller may be in a hurry to get rid of their boat and take a lower offer.
With boats for sale privately though, you should be more even more careful with inspections of the boat, as there is usually no guarantee on the quality of the boat. Delivery may also be more difficult with a private seller because it is not something they may have experience with.
Finally, you need to check the official ownership of the boat is the sellers. Be careful who you give your money to and be certain what you are paying for. Having said this, almost all boat sales end happily for both parties, so buying a boat from a private seller is very recommended.
When buying a boat from a registered dealer, you will have a few more peace of mind advantages. The paperwork is simplified and organised for you. The boat will have been inspected thoroughly. You will often get a warranty on certain parts of the boat. Finally you will have someone to go back to with questions about the boat who might offer better after sales service.
Just because boat brokers or dealers are making a profit on the boat, does not always mean it will be more expensive. They have a lot of experience buying and selling boats and may have got the boat for a price well under market value.
Either way, take your time buying a boat. It is better to take a week longer to the find the right boat, which you may own for a long period of time. Organising a pre approved boat loan is one way to help get a lower price. Everyone likes a quick sale and if you have the money readily available, you are more likely to get a lower price based on the fast money prospect.