When is the best time of year to buy a boat? While it’s possible to get a good deal during any season, an experienced yacht broker will tell you that the off-season (fall and winter) is typically a buyer’s market. Not only do boat dealerships begin to clear out unsold stock, but this time of year also coincides with boat shows and expos. To learn more about the yacht buying process, check out the guide below.

What Should You Consider When Buying a Yacht?

Set a Budget

Go over your finances and consider how much a bank would be willing to lend to you. Use this information to set a budget and target your search toward boats in your price range. Additionally, consider whether financing makes more sense than paying cash upfront.

Know Your Specifications

Think about the draft, size, and type of yacht you want. Will you use your boat for coastal or blue water cruising? How many people will typically be on your boat, and how much space will they need? Take note of vessels you’ve seen that you liked and pass this information on to your yacht broker.

Decide Between New & Used

Typically, newer is better from a maintenance and repair standpoint. A new vessel will also have a more advanced design and construction. However, you can often find used yachts with minimal wear and tear that have reduced prices.

Why Use a Yacht Broker?

Using a yacht broker to arrange your boat deal can help you save time and money in the long run. They will also help you avoid any legal hassles. A broker can provide ethical and professional advice while ensuring your interests are protected throughout the purchasing process. Yacht brokers have access to an array of networks and experience with all the necessary paperwork so you have nothing to worry about. Just like working with a real estate agent when buying a house, your yacht broker will ask the right questions, ensuring your new boat is up to code and meets your specifications.

 

Are you looking to buy or sell a boat? Contact the professionals at World Class Yacht Sales, Inc. in New Port Richey, FL. With experienced yacht brokers and resources to find you just what you’re looking for, this established brokerage firm has more than 15 years of experience and provides top-notch customer service every step of the way. Visit their website to browse a range of used boats for sale today, or call (727) 945-7500 to obtain a free market analysis.