Welcome to Power Boat Guide
Used Power Boat Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
HOW MUCH IS THAT BOTH WORTH IN TIME? POWER BOAT TRADE-IN VALUE
from:There comes a time in a boater’s life when they wish to move one. What then to do with the old boat? The two basic options are sell or trade.
The first question you should ask yourself is “How much is the boat worth?” Power boat trade-in value should be a given when buying a boat. Unfortunately, it is not. Boat reviews generally ignore this fact. They focus on the here and now, oblivious to the future reckoning. The current power boat trade-in value is a complex matter. How much you can get depends upon a variety of factors including condition, availability, uniqueness, quality and the reputation of the manufacturer.
To verify the trade-in value you can ask the dealer you plan to arrange your sale with but that might not work. A dealer works on the principle: "Buy low, sell high." The Blue Book may state a high and low price for your power boat trade-in value, but chances are the lower price will end up being selected.
Secondary research through a bank, insurance agency or other knowledgeable source may help out. In some instances, the manufacturer will provide you directly with a power boat trade-in value and accept it for resale.
One thing that will become obvious to most is how quickly the value of your craft has decreased. This is an indirect result, in part, to rapid technological advancements and performance improvements. Some advice before buying a boat is to consider whether the boat has staying power. Those currently the “hottest” or “coolest” on the market may not have staying power. They will depreciate quickly and you may find yourself paying for it when you try to trade it in.
There are several things you can do to try to increase your chance of getting a better power boat trade-in value. They involve much the same effort you would put into your boat before trying to sell it. Think of it as selling it – in all sense of the word, to the dealer.
Consider the time of year. Choose the beginning of the boating season when prices are highest. With more buyers than sellers you just might get a better trade-in value from a dealer.
Think cosmetics. Clean the boat. Tidy up the mess you have accumulated. Fix anything that can inexpensively be repaired. Shine, buff, polish until the boat looks like new. A spanky clean power boat is bound to obtain a better trade-in price than a filthy one.
One further consideration that might help you in power boat trade-in value is the sales tax advantage. You may only pay tax on the difference between the old a d new models price value if the trade-in value is included in the invoice for the new model. This can save you a substantial amount of money.
There is a lot to consider, however, the best place to start is when you buy the boat.
Used Power Boat Specific links
Used Power Boat News
Recreational Boat Dealers Buoyed by Rise in Area Sales - LoanSafe
Recreational Boat Dealers Buoyed by Rise in Area Sales LoanSafe “We're definitely seeing more sales this year — pontoons, Jet Skis, runabouts — both new and used,” said Chris Rising, sales director at Devil's Lake Water Sports in Manitou Beach, Mich. The sales activity aligns with a recent report by the National ... |
$16m solar boat sails into record books - CNN
 The Costa Rica Star | $16m solar boat sails into record books CNN (CNN) -- For 585 days, Swiss adventurer Raphael Domjan braved storms, pirates and cloudy skies in an attempt to circumnavigate the globe on a boat propelled by nothing but sun beams. The boat, christened "Turanor" after a word meaning "power of the ... Circumnavigating the World in 585 Days Using Solar Energy on the MS Turanor |
Officials urge added caution on state's lakes, highways - Access North Georgia
Officials urge added caution on state's lakes, highways Access North Georgia To stay safe on the lakes, Burgamy encourages people to take a boating safety class, make sure their boats are properly outfitted with all the required safety equipment, and to make sure lights are operational and used properly at night. |
Officials urge safety on the water - Kenai Peninsula Online
Officials urge safety on the water Kenai Peninsula Online Members of the Kenai Flotilla of the United States Coast Guard Auxiliary have examined various personal-use boats to determine if the boats meet federal and state requirements. "We look for valid registration, personal flotation devices, ... |
China, North Korea ties hit rough weather - Seattle Post Intelligencer
China, North Korea ties hit rough weather Seattle Post Intelligencer The story said the hijackers ripped down the Chinese flag on one boat and used it "like a rag." Photo: Ng Han Guan / AP BEIJING (AP) — China's leadership is hitting a rough patch with ally North Korea under its new leader Kim Jong Un, as Beijing finds ... |