All Articles Tagged: Buying a Boat

Three Ways to Lower the Price of Your Boat Purchase

electronics

Boats.com offers three negotiating tips that may help you walk away paying less for that boat you really want – depending on how willing you are to drive a hard bargain.

The first tactic is an interesting one – to “diss the electronics.” Read More »

Share on Facebook Share on Twitter
564 views
No Comments

Financing Your Boat in Today’s Economy – What You Need to Know

“It’s a good time to buy a boat.” We heard that from yacht broker Ken Comerford a few weeks ago and it was echoed by Vernon Blanc of Newcoast Financial Services this morning. He and Brooke Fowler described the current environment for boat lending and shared tips on how to best prepare for taking out a loan in a seminar sponsored by Sail America and Blue Water Sailing.

The speakers painted a picture of boat lending pre- and post-recession. Pre-recession, a person with a 700 credit score could easily qualify a loan for a $500k boat. Post-recession, a credit score of 700 or below was considered subprime. Read More »

Share on Facebook Share on Twitter
654 views
No Comments

5 Mistakes People Make When Buying a Boat

D405

Spring is in the air – at least if you aren’t in Chicago, New York, or Texas. And even with the snow, you know that in a few short months the thaw will finally come. It will be time to hit the water again.

However, you need a boat to turn the dream of sailing into reality. Making the transition to boat owner can be daunting. To help you avoid some common pitfalls, we’ve identified the top five mistakes people make when buying a boat. We asked experienced yacht broker Ken Comerford, of North Point Yacht Sales in Annapolis, to give us some advice on how to avoid them. Read More »

Share on Facebook Share on Twitter
4,475 views
2 Comments

Buying a Used Sailboat: Step 5 – Closing the Deal

Adam Turinas of the blog Messing About in Sailboats has published a series on How to Buy a Used Sailboat. Step 1 described how to determine how you will use your boat. Step 2 entails developing a list of potential boats that fit your usage criteria. Step 3 shows you how to narrow down your list. Step 4 shows you how to find the one boat for you from your final list. Finally, Step 5 explains how to finalize the purchase of your new boat. Read More »

Share on Facebook Share on Twitter
699 views
No Comments

Buying a Used Sailboat: Step 4 – Finding YOUR Boat

Adam Turinas of the blog Messing About in Sailboats is publishing a series on How to Buy a Used Sailboat. Step 1 described how to determine how you will use your boat. Step 2 entails developing a list of potential boats that fit your usage criteria. Step 3 shows you how to narrow down your list. Now, Step 4 shows you how to find the one boat for you from your final list.

The method isn’t sexy. As with earlier steps, it’s necessary to but emotion aside and look at cold, hard facts. Read More »

Share on Facebook Share on Twitter
556 views
No Comments

Buying a Used Sailboat: Step 3 – Narrowing Down Your List

Adam Turinas of the blog Messing About in Sailboats is publishing a series on How to Buy a Used Sailboat. Step 1 described how to determine how you will use your boat. Step 2 entails developing a list of potential boats that fit your usage criteria. Now, Step 3 shows you how to narrow down your list.

In narrowing the list, your research will move from online to offline as you should begin looking at actual boats to see how well they fit your needs. Read More »

Share on Facebook Share on Twitter
419 views
No Comments

Should You Hire a Surveyor for Your Boat?

Should you hire a surveyor for your boat? Unlike buying a home, where an inspection is expected, and often mandatory, a boat inspection is not always a “given” in a boat sale. But it should be. After all, a boat is not an appreciating asset. A fascinating interview with surveyor Jonathan Klopman provides some insight into why a boat survey is so valuable.

Klopman is a member of the BoatU.S. Marine Insurance Catastrophe Field Team, which recovers and assessed hurricane-damaged boats, so he’s seen how the most extreme conditions can affect a boat and its systems. Read More »

Share on Facebook Share on Twitter
363 views
No Comments

Buying a Used Sailboat: Step 2 – Developing a Long List

Adam Turinas of the blog Messing About in Sailboats is publishing a series on How to Buy a Used Sailboat. Step 1 described how to determine how you will use your boat. Step 2 entails developing a list of potential boats that fit your usage criteria.

This can be the most enjoyable part of the boat purchasing process (who doesn’t like looking at pictures of boats?) but also the most time consuming. Turinas recommends a three step process: Read More »

Share on Facebook Share on Twitter
406 views
1 Comment

Don Casey: When should you not rebuild a damaged boat?

DamagedBoats

Who hasn’t seen the derelict boat, worn down and beaten up, waiting at the boatyard for someone to come by and fix it up? Is this a good investment? Is your current boat one of these? Share with us your stories…

In this article by Don Casey, he explores when it is – and isn’t – a good idea to buy and fix-up a damaged or neglected boat. Specifically, he lumps potential buyers into three categories: Read More »

Share on Facebook Share on Twitter
821 views
No Comments

Buying a Used Sailboat: Step 1 – How Will You Use Your Boat?

Adam Turinas of the blog Messing About in Sailboats has just started a series on Buying a Used Sailboat. The first step, according to Turinas, is to think about how and where you will use your boat. Clearly, a racer will have different needs than a cruiser just as someone who plans to sail in protected waters will have different needs from one who plans to spend a lot of time offshore. These are some of the needs you should consider before making a list of potential boats to purchase:

  1. Where are you going to do most of your sailing?
  2. How much are you going to sail?
  3. Racer, cruiser, racer/cruiser, blue water?
  4. Read More »

Share on Facebook Share on Twitter
859 views
No Comments

Quick Links

Med_Clipper 68_CLRfs_M52271

2011 Waterway Guide cruising guides for the Chesapeake, Atlantic Intracoastal, Southern and Bahamas cruising guides will become available Sept. 27. (Soundings Online)

2011-12 Clipper Round the World Race is looking for skippers. (Sail-World)

10-mile long red tide seen in New York Harbor. (NY Daily News)

Become a fan of Laser on Facebook and you could win one. (LaserPerformance)

Thinking of buying a boat? Boat U.S.’s new online tax guide can help you figure out how much you’ll pay in taxes on your purchase. (Boat U.S.)

Share on Facebook Share on Twitter
222 views
No Comments

10 tips for inspecting a boat

So you think you’ve found the perfect boat online? These tips from the Sailnet Forums will help you inspect it when you first visit. Check out the thread for more discussion on the topic. Read More »

Share on Facebook Share on Twitter
484 views
No Comments

Buying a boat: 30 things to check before getting a survey done

Specific Inspection Areas:

#1 Sails & Canvas – If the sails are on board find the UV cover or luff end of the head sail and scratch the threads with your fingernail. If they fail or break the sails need at a minimum re-stitching. If you can find the head board of the main sail,it sees lots of UV as it’s not folded into the sail when flaked do the same here. Do the same for any canvas. Read More »

Share on Facebook Share on Twitter
774 views
No Comments