Engineering a Great Boat Purchase
There are a number of major decisions to make in the boat buying process and consideration given to all options to ensure you make a great purchase.
Here are a few considerations:
- Sail or power.
- New or used.
- Length and manoeuvrability..
- Waterways you intend to visit – inshore, offshore, blue water sailing.
- How many people you want to take on your boat.
- Where you are going to moor or store your boat – trailer requirements, mooring costs and availability.
- Is your car suitable to trail a boat?
- Your capability to handle the boat, special license or training requirements
capability to handle the boat
Your capability to handle the boat, special license or training requirements
When buying a brand new boat, there are many great manufacturers to choose from, whether you’re buying a yacht or a powered cruiser. Several of the leading yacht builders including Beneteau, Bavaria and Jeanneau, are based in Europe but have local dealer representatives in other countries, including Australia.
In the power boat market, many of the top names are built in Australia including Maritimo and Riviera at the top end of the market and many in the trailer boat and sports fisher market including the well-known Quintrex.All leading boat brands present their ranges in great detail on their websites and that is the best place to start looking before heading to the local dealer representative for a first-hand look and test drive. When comparing online, keep a boat finance calculator open in another web tab so you can calculate estimated monthly repayments on each model. Refer to our Boat Finance Calculator webpage for how to use a calculator effectively.
Visiting a major boat show offers an excellent opportunity to view the latest releases and easily compare a large number of boats in the one place.
When purchasing new, you often have the chance to customise many of the specifications and finishes to suit your lifestyle.
Before negotiating a price, it can be very handy to have your finance organised. Pre-approved boat loans are available and we have outlined the options on our Boat Finance webpage.
capability to handle the boat
Used Boat Sales
The second hand boat market is massive and fortunately online marketplaces such as www.tradeaboat.com.au and www.boatsales.com.au make the process of checking out what’s available a lot easier.
When buying a used boat, carefully check out and verify the seller and the condition of the boat. Buying a used boat from a licensed boat dealer rather than a private seller may offer greater coverage in relation to consumer guarantees and other warranties.
When buying a used boat, engaging the services of a marine engineer, surveyor or shipwright will assist in assessing the condition of the boat. They may find issues which are easily fixable but may give you a negotiating angle to bargain a better price.
Pre-approved Boat Finance
With all boat purchases, knowing you have your finance sorted before committing to a purchase can be a very wise move. Head to our Boat Finance webpage for information on securing a pre-approved boat loan.