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Here's how to protect yourself, both before you purchase a boat and after you discover a problem.Don't buy a boat sight unseen!Protect yourself with a contract.Next, you'll need to hire a competent marine surveyor.Check for open recalls or problems.Photograph the boat's HIN.Zipped lips sink ships.
How to Write1 Save The Boat Sales Receipt.2 Identify The Boat Seller And Buyer.3 Describe The Purchased Boat.4 Report The What The Boat Buyer Paid For.5 Document The Boat Sale's Payment.
What Should Be Included on a Boat Purchase Agreement?The name, address and contact information for the buyer;The name, address and contact information for the seller;A description of the boatbrand, model, year of manufacture, length, Hull Identification Number (HIN);State registration number.
It is advisable that a written contract is used in any purchase or sale. The RYA provides a model Agreement for the Sale and Purchase of Second-hand Boats which includes the common terms and conditions relating to the sale and purchase of a boat.
In brief, you research the market and determine how the boat you want compares in price. Then, figure out what you want to pay for it by performing a close examination of the boat. You could let a professional do this for you. Lastly, ask the seller if he'll take your price, and negotiate if necessary.