If you want to know why there are so many used boats for sale across the country, it is because those buyers bought new on impulse without having a plan or budgeting for all the mounting expenses. Owning a boat is truly a labor of love because many liken it to throwing endless amounts of cash in a hole that never is satisfied. There is a reason the happiest two days in a boat owners life are the days they bought and sold their boat, but it doesn’t have to be that way for you.
First off, so many boat owners need to sell their boats before they even had a chance to enjoy time out on the water. That means the boat is still in new condition, and the engine barely has hours on it. You may also be able to have the warranty transferred between owners if it is still early enough. That alone is a huge savings you won’t have to be spending on future repairs.
The boat owner most likely has a trailer too, and since they are selling the boat, the trailer needs to go too. That is a huge cost when buying new, so if you have decent negotiating skills, you could secure both the boat and the trailer for a real bargain. That is a huge expenditure you will not have to be making down the road either.
If the boat owner truly bought on impulse, then they probably added a bunch of cool accessories to their boat. These can range from upgrades stereo systems, more powerful engines, to a custom galley. Regardless how much money they sunk into these changes, you get to reap the benefits because chances are you are going to get this boat at an incredible discount.
When you buy a boat, you have to go to boating safety classes and then buy a ton of safety equipment that must be on board before the boat can leave shore. Those life jackets, flotation devices, and weather radios are not cheap, and the boat owner is going to just want everything gone when they are selling so you get a huge score not having to buy all these supplies with your own cash.
Now you see why a used boat is such a smart investment, you already get a huge amount of boat equity value for just a little cash.