Tips for Buying a Used Boat

There are many reasons you might be looking to buy a used boat. However, it is important to take your time finding the right model. Our team at Spring Brook Marina & Yacht Sales is here to help you with the buying process. Continue reading for a few useful buying tips!

Do Your Research

The first step in buying the right used boat is completing your research! Gathering information about different boat models, styles, and features will help you determine exactly what you need. Take your time speaking with other boat owners about their experiences, regrets, and necessities. The more time you take to learn about your options, the easier the buying process will be.

Set a Budget

Even when you're planning to buy a used boat, it is extremely important to give yourself a budget. Although used inventory tends to have lower asking prices, you won’t want to go over a top price. Just like any other purchase, make sure to evaluate your situation and determine how adding another payment will affect your monthly expenses.

As you evaluate your boat budget, also think about how you plan to complete the purchase. Most people will finance a boat purchase, but you could also buy it outright. Either way, it's a good idea to begin saving money as soon as you decide you want to buy a boat! Most loans will require a downpayment to complete the agreement.

Don’t Skip the Inspection

Luckily the marine industry didn't experience a market quite as chaotic as the housing one; do not skip the inspection! Although most used boats you purchase from a dealership will already have been inspected by professionals, you should take the time to thoroughly look the boat over before you purchase it. If you aren't comfortable doing that yourself, seek a trusted and experienced friend or professional.

Used boats can be a great investment when you use your knowledge and time to shop for the right one! Call our main location in Seneca, IL to speak with on of our experienced Sales Professionals and help guide you into the right boat for your needs as well as keep you at ease through the buying process.