Tips for Buying a Second-Hand Boat

Discover how to make safe decisions when purchasing your next pre-owned vessel.

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10 MARCH 2024

Buying a second-hand boat can be a great opportunity to enter the world of boating at a more affordable price. However, this investment requires caution and planning, because, as the saying goes, “buying cheap can end up being expensive.”

If you’re thinking about purchasing your next pre-owned boat, these 7 tips will help you make safer decisions and avoid unpleasant surprises.

 

1. Buy through an official dealer or professional broker

Buying a boat, whether new or second-hand, is a significant investment. That’s why it’s essential to have the guidance of a trusted professional in the nautical sector. An official dealer or professional broker will not only guide you through the purchase process but also provide their expertise to help you make informed decisions.

 

2. Make sure you have a berth or dry dock space

Before buying, confirm that you will have a berth suitable for your boat’s length and beam.

If you plan to store your boat in a dry marina, also make sure that there are available spots.

If in doubt, your trusted nautical advisor can help you find the best option.

 

3. Visit the boat in person and check its condition

Never underestimate the importance of seeing the boat in person. Especially with second-hand boats, a direct inspection can save you a lot of problems.

  • During the visit, inspect the bilges, start the engine, and check that all electronic components and systems are functioning properly.

  • Also, make sure that the safety equipment is up-to-date and compliant with the boat’s navigation area.

  • Finally, look for signs of osmosis and check the status of the registration certificate.

If you want to be completely sure, you can always hire an independent professional or marine surveyor.

 

4. Verify that all documentation is up-to-date

Before closing any deal, request copies of the boat’s original documentation:

  • Port Authority registration or proof of ownership.

  • Seaworthiness certificate.

  • CE conformity certificate for the boat and engines.

  • Maintenance invoices to check the service and repair history.

This will help you avoid legal issues and ensure that the boat is in order.

 

5. Request an independent survey or appraisal

For an objective valuation, it is recommended to request an independent survey or external appraisal before making an offer. This inspection will help you understand the boat’s true condition and market value.

 

6. Make payments through a nautical company or broker

Making payments directly between buyer and seller can be risky. Ideally, the transaction should be managed through a professional intermediary, who ensures that the money is transferred simultaneously with the transfer of ownership.

 

7. Take out boat insurance

As soon as your offer is accepted, make sure to get adequate insurance.

Even if it’s only the legal minimum, boat insurance will protect you both on and off the water and prevent problems in case of an accident or damage.

 

Buying a second-hand boat can be an exciting and rewarding experience, as long as it’s done with caution and following expert recommendations. With these 7 tips, you’ll be one step closer to enjoying the sea safely and peacefully. And remember, Hermanos Guasch can help you find the pre-owned boat of your dreams.

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