Tuesday, 12 July 2011

What to look for in the seller of a used boat for sale


One easy thing to look for when hunting for used boats for sale that is that the broker or dealer you are planning to buy from is an member of one of the following associations; British Marine Federation (BMF), Boat Retailer and Brokers Association (BRBA) and Association of Brokers and Yacht Agents (ABYA). Your broker or dealer being a member of one of these will mean they have to operate under a certain code of conduct. It may also be helpful to be aware that if you do decide to buy privately you will not be protected if the boat has hidden problems; it is your responsibility to make sure it is in the right condition. Ask the seller about any accidents the boat may have been in or any major repairs it has had to undergo (if they were recent it may be worth asking for the exact date as repairs tend to have a twelve month guarantee). Another thing to look out for is make sure the seller seems knowledgeable about their boat and has a believable reason for sale. If anything seems ‘off’ or the price seems too low compared to others there is likely to be a good reason. The best way to be sure about these things is always to get an independent marine survey. And as I mentioned in a previous post it is important to ensure you aren’t buying a stolen boat.  Make sure to ask the seller to provide some kind of title documents for the boat, such as previous bills of sale or evidence of VAT status; ask for this evidence before getting into any kind of purchasing agreement. The important thing is to go to whatever lengths it takes to ensure you feel comfortable with the sale and know what you’re getting into and a good seller should have no problems enabling you to do that.

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