Once you decide to buy a boat, you will be torn between two options; to buy a brand new or a used boat. Both options have their fair share of pros and cons. In this post, we will be focusing on the benefits of buying a used boat. Keep in mind that with this option you will not be able to do away with the input of a marine surveyor Palm Beach trusts.
The biggest advantage of buying a used boat is that you benefit from the low cost. This option enables you to own a bigger boat at a fraction of the cost. This is a huge advantage more so if you are on a tight budget or need a bigger boat but lack the financial muscle. However, since used boats have wear and tear, you need to involve a marine surveyor Palm Beach to help assess its condition. An experienced boat surveyor will be able to inspect every inch of the boat and compile a report that helps you determine if the boat is a good investment for you or not.
It is good to note that, unlike brand new boats, used boats do not depreciate as fast. The value of a brand new vessel depreciates by about 10% within the first year of buying it. This value will continue to go down every year. Used boats, on the other hand, are priced based on their accumulated depreciation. This means if you are going after a used boat that is 4 years old, you will be able to buy it at a discounted price of about 30%. This is a great bargain when you compare it with the cost of buying a brand new boat.
It is as good as new
There are so many used vessels that are in mint condition. They cost a fraction of the cost of a brand new boat and look as good as new. The only thing you need to do is make sure you get the boat evaluated properly. An experienced marine surveyor will be able to perform an inspection and report on the areas that need to be repaired or replaced. The surveyor will also help you know the fair market value of that boat. You can then use the survey report to negotiate a better deal with the seller.
Buying a used boat is the best way to go especially for new boat owners. You will get a boat that looks and performance as good as new at a fraction of the cost. The best thing is you will not have to spend as much on it and you will not feel the bite of depreciation.