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Is the Boat Safe and Reliable?
Whether you buy new or used, the key to smart boat buying is knowing the quality and condition of the specific boat you want to buy. We’ve got lots of good tips and sites here for you. Check out boat reviews on the models you like.The following are just a few of the many websites that offer boat reviews. You can also enter the name of the model you like into your search engine followed by “boat review” to search for reviews of that specific model.
Considering a used boat?Critical Tip! Don’t buy a used boat without talking to the previous owner!Ask them:
Critical Tip! Don’t buy any boat without taking it for an extensive “test drive.”Even if you’re not a boater yet and are very uncomfortable at the helm, you must do this. Boats are like cars in many ways: you’ll feel comfortable in some of them and very uncomfortable in others. If you’re really too uncomfortable to take the helm, why not bring along an experienced boater to help you evaluate the boat in the water? A friend or a member of a boating club would do this just to help you. Or, you can retain a mechanic or marine surveyor to be the captain (not a bad idea, particularly if you are spending a lot of money on a boat. More on these people in a second). What about buying a used boat and installing a new motor?Remember that many boats themselves have a much longer useful life than the engines on those boats. You might be able to find a great older boat hull for little money, for instance, then put a new engine on the hull. Give a used boat an initial check yourself.If you've found a boat (particularly a used boat) that fits your wish list and budget, use the following checklists yourself to see if the boat has enough potential to have it checked-out thoroughly by a marine surveyor or mechanic. If the boat flunks your examination, you'll save time and money by crossing it off your list.
Critical tip: We can’t say this enough—don’t buy used marine engines or hulls without having them checked out by a marine mechanic or surveyor.
Another big tip: “Safe and Reliable” applies to both engines and hulls.Is the engine safe and reliable? Is the hull safe and reliable?
Checking out the hull and general constructionGenerally speaking, in boat hulls, you get what you pay for. Some boats are virtually unsinkable because of expensive construction techniques (Boston Whalers, for instance, are regularly sawed in two to prove their unsinkability). Others can look just as seaworthy, but are flimsy in construction and durability. At times, the least-known brand makes a boat better than the more expensive brand. Remember that at all times, the seller’s job is to tell you their boat is best! Here are some tips to help you gather relatively unbiased information about construction quality and general reputation concerning specific hulls.
Checking complaints on engine and hullsBoatUS.com offers a great service which both reviews owners’ problems with specific boats and provides a mediation service when problems develop. You might want to bookmark this site. BoatU.S. National Recall Alert Registry provides access to the USCG recall database, lists new recalls, and allows you to register your boat information so you can be notified in case of a recall. Prepared for Corning Credit Union by Remar Sutton & Associates, April 2003. Reviewed and updated March 2007. All rights reserved. |
Boat Buying GuideAvailable Cash CalculatorYour Available Cash is the maximum amount you have to spend on a boat. This calculator enables you to determine 1) the amount of cash a boat loan will yield and 2) the total Available Cash from all sources, including the loan, you have to purchase a boat. If the estimated amount of Available Cash is too little for the boat you would like to purchase, you have several options: A higher monthly payment and/or a longer loan term will typically yield higher initial Loan Cash, thus increasing your Available Cash. You may also wish to consider alternative boats that better fit your budget. *Check the current interest rate for the loan term. This calculator is solely for informational purposes. It gives you a reasonably accurate estimate of your Available Cash. Results for your actual loan will vary based on your final rate and loan amount. |