Question: Can You Haggle When Buying A New Boat?

Why is owning a boat so expensive?

There is no getting away from the fact that boats are expensive – both to buy and to maintain.

Many factors influence the cost of owning a boat.

It begins with the purchase cost, whether new or used, and continues on to the upkeep, where maintenance, birthing or storage fees, fuel, and insurance can add up..

Are Yamaha boat prices negotiable?

Generally there is little to no negotiation with Yamaha dealers. On current year model boats you might get some accessories thrown in or a a discount on accessories. It is rare for Yamaha dealers to not sell out but where they can be found boats from previous years are where the best deals are found.

Are boat show prices negotiable?

There are often special “show-only” deals at exhibitions and are unavailable any other time. Dealers use a lot of resources to be at the boat show and might be more willing to negotiate on price or offer incentives like better a financing plan or warranty to close the sale.

What is the best brand of used boat to buy?

Best Boat BrandsBertram. … Boston Whaler. … Chaparral. … Grady-White. … Lund. … MasterCraft. … Sea Ray. … Tracker.More items…•

How do I get the best deal on a boat?

7 Tips to Get the Best Deal on a BoatTiming can make or break you. … Regional boat shows are rife with deals. … Shop local, but always shop around. … For some boat purchases, you need a reputable broker on your side. … Finance your boat through a marine lender. … Let an independent agent shop for boat insurance. … Enjoy the experience.

Is there a blue book for boats?

The Kelley Blue Book of Boats It includes pricing for everything from motors to trailers, and is used by banks, finance companies, insurance companies, and even government agencies.

What is a good interest rate on a used boat loan?

Boat Loan Interest RatesLoan AmountRateTerm$25,000 – $58,3006.86%Up to 15 years$58,301 – $74,9995.49%Up to 15 years$75,000 – $499,9994.49%Up to 20 years$500,000 +4.74%Up to 20 years1 more row

How do you buy a good boat?

Close the deal—find out more about boat registration, insurance and taxes.Choose the Right Boat Type.Decide to Buy New or Used.Find a Certified Boat.Review Boat Financing Options.Get a Boat Loan.Discover Where & When to Buy.Work with a Boat Dealer.Research Boat Values & Prices.More items…

How do you negotiate with a boat dealer?

Want to Buy a Boat? Here are Some Tips for Negotiating the PriceBegin by Looking at Comparable Boats in the Area. … Make a Low Offer First — But Be Respectful. … Tally Up Any Repairs You’ll Need to Do in Your Head. … Check on the Insurance. … Don’t Get Too Hung Up on One Boat. … Ask for Some Extras to Be Tossed In (or Forego Extras)

What is the best month to buy a boat?

Buying the Latest and Greatest New Boats If you’re one of those people who likes to get the hottest new models on the market, late winter or early spring may be the best time for you to buy a boat.

Is it smart to buy a used boat?

Benefits Buying a Pre-Owned Boat With a used boat, you get more boat for fewer dollars, lower cost per year of ownership, and less on the line if you decide a different style or size boat would better serve you.

Is owning a boat dealership profitable?

Boat dealers average about 15-25% gross profit on the boats the minute they sell it to you, but this profit has to pay for all the other yearly costs for them to say they made such and such profit or loss.

How far can a boat go on a tank of gas?

To get nmpg, divide boat speed in knots by gph. So, if the throttled-back boat above travels at 17 knots, it would get about 1.4 nmpg. At this speed and with a 120-gallon fuel tank, the range would be 151 nautical miles.

How old of a used boat should I buy?

Our experience indicates that boats in the 2-4 year old range usually offer the best prospects. Of course, boats that are only one year old are hard to find since not many people sell at that age.

What is the markup on new boats?

30 percent”Remember, the numbers can vary, but the typical markup in boat sales is maybe 30 percent. Don’t completely lowball him, though. Most estimates are that a dealer’s overhead is around 18 to 22 percent.

Is it worth buying a brand new boat?

For reliability and quality, many people choose new boats. … You will, in most cases, pay more for your new boat than if you were to buy a comparable used boat. You’ll also have to assume most of the value depreciation, although if you buy a high-quality boat like a Scout your depreciation could be less.

How much should I pay for a new boat?

Your Choice of Boat The average price for a brand new pontoon boat is around $35,000. That’s for the popular 22-foot pontoon boat size that can be seen on lakes and rivers all around America. You can find smaller pontoon boats for less than $20,000 and you could easily spend more than $50,000 as well.

Is buying a boat a waste of money?

Boats are a good investment if you don’t overshoot your budget. If you research your options and go for a vessel that you can afford, nothing trumps the joy of spending time on the water. However, a boat can definitely also be a bad investment. A rule of thumb is to only buy a boat you can afford to pay for in cash.

Do Boat dealers haggle?

Very much like negotiating the purchase of a car or home, you as a seller, may have a stronger position to negotiate if: The boating market is strong and boats are selling quickly. You are not in a rush to sell. Similar boats are listed slightly above your asking price.