Buying a boat is a big decision that requires research before taking action. When broken down into smaller decisions, though, you'll find it much easier to decide on, shop for and buy a boat that is the best fit for you.
The best two days of your life is the day you buy a boat and the day you sell it.
The best two days of your life come every weekend when you take the boat out with family and friends!
Admit it—you’ve watched people in boats enjoying themselves out on the water and thought "I wish I was out there." Well, it’s time to stop wishing and start boating, because NOW is a great time to buy a boat! Why, you ask?
Incredible deals. We want to sell boats, and we'll be happy to work with you with special offers and the best deals to get you the boat of your dreams. There’s no time like the present. Boating is the perfect way to spend quality time with family and friends—and that’s an investment that never loses its value.
Buy new or buy used? That’s a tough call for a boat buyer, especially a first-timer. There’s no right or wrong answer. It all depends on you: your tastes, your budget, your mechanical aptitude. What makes your smile wider? A mint condition new prize or a bargain cleverly bought and burnished? Some say the sweet spot is a used boat that is a couple of years old, bought from a dealer you trust, but you decide. Here are some pointers from both sides.
5 Reasons to Buy New
Who doesn’t like stuff shiny and new? No need to wonder how the boat’s been used or misused, or if it’s been adequately maintained and look after. There is no history to uncover, because you’ll write this boat’s on-water biography.
You can buy exactly what you want and not just what’s on the pre-owned market. You’ll be getting the latest, greatest technology — the stuff people gather to drool over.
If something does go awry, you’ll have a manufacturer’s warranty to back you up. That warranty is served by the selling dealer, which is a good reason to buy from your local dealer only.
You can rig it the way you want with the latest gear selected precisely for your purpose. Unless you buy a boat-and-motor combo with the lowest-offered powerplant, it’s probably a satisfying match.
You don’t have to get an answer to the most troubling question: Why is this used boat for sale?
5 Reasons to Buy Pre-Owned
Bucks! Someone else has covered the 10 to 20 percent depreciation that takes place when a new boat is delivered by the boat dealer. 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.
It sounds funny, but there’s peace of mind in knowing you’re not going to put the first scratch or ding in the boat. Hahaha...
Any initial bugs in boat or motor have likely surfaced and been dealt with. For reassurance, and before signing, get a marine survey. Marine surveyors see what you can’t and look where you won’t. First, get a survey. Then smile and buy, whittle down the price, draft your own to-do list, or walk away.
You get time-tested technologies. If a manufacturer brought out a bad boat or balky motor, the Internet and other sources will wave you off.
You can choose a style of sale — from the trade-in or used stock of a dealer, who has to cover overhead but has a reputation to guard and a service team; from a broker, who has reduced overhead costs; or from a private seller, who may be most motivated.
Shop new first
It might sound counter-intuitive, but as with a car, there are pros and cons to both new and pre-owned boats. When buying boats, we recommend shopping new first even if you’re on a tight budget, for a number of reasons:
- You’ll see the most current technology, latest design and naval architecture
- Electronics will be state of the art with the newest software
- New mechanical, electrical and plumbing systems(MEP)
Have a plan
Know what you want and what you can afford. Do your financial homework and run a budget --- before you buy a boat. It’s the smart thing to do and will save you a lot of time. Be sure to allow for general maintenance, storage, insurance and other important add-on products you may require such as extended warranties.
To learn more about buying your very first boat, give us a call at 9119 1872
Boaters enjoying numerous boating rendezvous and rallies to nearby islands and neighbouring countries on a regular basis every year put together by SGBoating. Selling you a boat is easy, keeping boaters "busy" with regular boating activities and fun on the water is what we do best
The Joys and Pitfalls of Buying a New Boat
Who can deny the pleasure of stepping on board a brand-new, purpose-built cruising boat? The special smell and feel of fabrics, finishes, and gear touched only by those who assembled them just for you, customized features that are exactly what you desired. The respite from maintenance that comes with having all-new equipment. You should not have to spend a lot of time changing this boat or repairing its gear for three or four years. “New” gives you the feeling that you can set off cruising almost as soon as you load the provisions. If you can afford this luxury, it is important to make sure the purchase goes smoothly and the experience is emotionally rewarding.
Here's some tips to guide you along;
1. Research and evaluate different designs, different builders, and different dealers, just as you would when buying secondhand.
But also ask for the name of five or six recent customers. “Make sure you speak with people who have dealt with both the broker and the boat builders within the past year. Things change fast in the boat building industry – sometimes for the better, sometimes for the worse.”
2. Don’t be lured by prices that look like bargains – i.e., the biggest boat for the least money.
Try dividing the base price of the boat by the designed displacement to arrive at the price. This is a more effective measure of a boat’s true construction costs – and far better for comparison than dollars-per-foot-of-length. If one boat appears significantly lower per dollar, be cautious and establish how the cost savings were achieved. Sometimes it could be by cutting quality or by lower labor cost; if you are truly comparing similar-quality boats, built for similar purposes, the prices per dollar should be pretty close.
3. Be willing to pay extra for a company’s reputation.
Simultaneously, though, be sure the same builders and managers are running the company. Some of the best-known builders, went bust twice or was sold overseas to another party that never own a yard before. There's no assurance to ensure the new company builds to the same quality. This is true world-wide. Companies have changed hands in the past few years and this may or may not have affected quality standards.
4. Becareful with "Hidden Cost"
The cost of the boat does not represent the final transacted price you'll pay. There are other elements of cost before you get the keys to your new boat. Ocean freight, sea commissioning, registration, licensing and insurance are just some extras you need to be fully aware of before walking away thinking you have just gotten a great deal. Detailed your contract or sales agreement and ask as much questions before you put pen to paper.
DOCKSIDE NEWSLETTER THIS MONTH USED BOAT DEALS! WHAT WERE THEY THINKING?
Write to us a short captions of no more than 150 words as we're giving away a pair of quality Sperry boating shoe each month for the best entry. Winner will be announced and their entry publish in our Facebook!
Looking for a deal on a used boat? Don't miss this month special on our boats. We're the factory-authorised boat dealer here in Singapore you can buy with a piece of mind knowing we will continue to support your after-sales services as a SGBoating customer
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