At Lakeside Motorsports, we are gearing up for Memorial Day Weekend, and we hope you are, too!
As this unofficial boat kick-off weekend nears, we know people are eyeing boats on the market. We’ve put together a short boater’s guide, so you know what to look for when searching for (and buying!) a used boat.
The Boat That Fits Your Needs
When in the market to buy a boat, the first question you should ask yourself is What kind of boating do I want to do? As boats are specialized, it’s important to do your research and understand the pros and cons of the different boats you can purchase. Common things that may have impact on what choice you make include:
Taking your friends on nightly lake outings and fishing on rough ocean waters are different from each other and require unique types of boats. Before signing that purchase contract, make sure to have a clear understanding of your boating wants and needs.
Contacting the Right People
If you are beginning your initial boating search, there are many great websites that provide first-time buyers – and those who have been in the boating sphere a while – excellent information. As comparing boats in-person can be difficult, online resources allow shoppers to compare models, prices, and other features side-by-side from the convenience of your own home. Some websites like YachtWorld and Boat Trader even allow you to take virtual tours of boat models.
Once you have a good handle on what you are looking for, you can then take a look at Lakeside Motorsports’ Model Showroom to get a better look at what fits your needs!
Inspecting Your Boat
Knowing your boating needs and knowing who to contact are important; but buying from a reputable boating dealer and inspecting your potential purchase are just as important. If you’re planning on making a major boat purchase, make sure to ask the seller a few questions:
Purchasing a used boat should raise additional questions, and a comprehensive out-of-water should be conducted to ensure the hull has no irregularities. And if you’re planning on purchasing a boat more than 30 feet in length, it may be beneficial to hire an inspector or surveyor. Many insurance companies require a recent survey, and by hiring one, you’ll either guarantee yourself a great purchase or save yourself from a not-so-great summer.
Closing the Deal
So, you’re ready to close the deal because you’ve found the boat of your dreams. Congrats! But there are a few things you should consider and ask before signing away the papers. First, make sure the seller owns the boat; surprisingly, some sellers do not actually own the boat, and this can lead to issues later down the road after your purchase. Additionally, make sure to negotiate the price. You’ll have the opportunity to make a counter offer after the seller’s initial offer, and it’s recommended to suggest a price ~10% below the original price.
If you’re interested in talking with one of our representatives about the purchase process, make sure to contact us. As always, we’re here to make your next boating purchase great!