Purchasing a new or used boat has a few unique challenges. Due to common use in salt air and salt water, corrosion and hull structural issues need to be carefully reviewed.
Before you purchase any used boat we highly recommend that you have a knowledgeable repair person check over the boat. People who repair boats every day are the best people to spot damage that someone else may miss.
Do Your Homework First
- Identify the boat you want in as much detail as possible — type, length, power and brand.
- Decide what you can afford as a down payment, plus operating budget and monthly financing.
- Determine the realistic price range and research what that model is selling for.
- Compare the condition of boats in your category — the newest boat in the best condition at the lowest price.
- Ask about transferable warranties and get the details.
- Find out why the boat is being sold, its history, number of owners and how long the current owner has had it.
- Check the HIN and confirm it has not been tampered with.
- Get copies of all documents and the seller's identification.
- Confirm exactly how the boat is equipped and what is included in the sale.
Inspect Before You Commit
- Hull — impact damage, previous repairs, corrosion, stress cracks and frame separation
- Decks and soles — flex, soft spots and water stains
- Transom and hull-to-deck joint — cracks, gaps and movement
- Fuel tanks — staining, leaks and corrosion at connections
- Engines and drives — leaks, rust, smoke, noise and alignment
- Electrical — discolored wire, loose connections, non-working switches
- Paperwork — title, registration, liens and prior surveys
Finally, hire a marine surveyor who repairs boats every day, and always take a sea trial with load testing before you close.