Assuming you have already decided the type of boat you're interested in purchasing, the following checklist will help you through the process.
- Find a dealership that sells the range of boats you think you're interested in. Check the service history and reputation of the dealer or broker.
- Decide how much you can afford as a down payment, plus the annual operating budget and monthly financing cost of the exact boat you want.
- Research what that make, model and year is actually selling for so you know the fair price range.
- Compare condition across the boats in your category — look for the newest boat in the best condition at the lowest price.
- Ask why the boat is being sold, how many owners it has had, and how long the current owner has had it.
- Ask whether any transferable warranties remain, and get the details in writing.
- Check the HIN and confirm it has not been tampered with.
- Get copies of all documents and the current owner's identification.
- Confirm exactly how the boat is equipped and what comes with it at sale.
- Make a careful personal inspection, then hire a marine surveyor and repair expert for a full inspection.
- Sea trial the boat and perform load tests before closing.
What the Surveyor Should Cover
- Hull, transom, stringers and frames — impact damage, previous repairs, stress cracks and delamination
- Moisture readings and thermal imaging of hull, decks and transom
- Engines, generators, drives and running gear
- Fuel, water and waste systems and tankage
- Electrical panels, wiring, pumps and electronics
- Safety equipment and regulatory compliance
- Condition and value with a prioritized list of recommendations