Ways to sell a boat

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Selling a boat isn’t as simple as selling a car, as a prospective buyer can’t just “jump in” and go for a drive around the block nor look in the glove box and see the service records nor easily find its true value as comparisons of “like for like” are extremely rare to find in the used boat sector due to so many variables that influence the price.

Boat Pricing – in simple terms – the easier it is to dispose of and sell the boat, the lower the amount you receive.

A balance must be found factoring convenience to the seller, risk to the buyer, condition, warranty, ease of purchase and costs to bring the hull/trailer and motor back to seaworthy/roadworthy and reliable condition.

The following information and overview is in my opinion the 5 major ways to sell your boat.

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Matthew Hodson
Managing Director

Most boats sold through Auction tend to have issues, hence they are difficult to sell through a retail scenario due to warranty issues. Therefore to a seller, it’s a simple way to sell quickly with no strings attached. However buyers are vary wary, when a buyer purchases a boat from an Auction, it comes with no warranty, so pricing will reflect this risk via this type of purchase.

PROS

  • It’s the quickest sale with the least hassle to the seller but the lowest return.
  • Sell “As-Is” and spend no money cleaning/repairing or road worthying the trailer

CONS – the Seller receives the lowest amount of money because:

  • There is too much risk for the buyer as they have little means to test what condition the boat/motor/trailer is in.
  • No warranty is implied nor given under Auction Terms.
  • The boat and trailers are sold unregistered and sold AS IS condition, becomes a cost to the buyer.
  • Time works against your better judgement and emotions are strained via FOMO and clever strategies when the last call is made.
  • No chance to complete a water demonstration and you are on your own to learn how to use and care for it.

Other than the Auction process offering the buyer “guaranteed title” there are no other buyer benefits, hence the quickest way to sell for a seller, but this method returns the lowest sale price to the seller.

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