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This is meant as a general guide when buying a boat for the first time.
When buying a boat for the first time it can be quite a daunting task, there are many pit falls, there are many things to do and many questions to ask, listed below are some guide lines to help you through the process.
If you are looking for your first boat then the most important thing to do is research, research research, narrow your search down to about six boats before you embark on looking at them in the'flesh' as too much choice can sometimes cloud your judgement, your first boat probably won't be your last and sometimes you won't find out what you really want until you have lived with a boat for a while, it might help for you to hire a boat first.
It is recommended that you buy a boat through a recognised broker as they will handle eveything for you and will be able to advise you every step of the way.
Once you have found the boat of your dreams you need to agree on the price that you are prepared to pay, sometimes offers on the asking price will be considered, once agreed your brooker will require a deposit, this is usually 10% of the agreed price but they will advise you of this.
SURVEYS
It is strongly recommended that you have a full out of water survey by a qualified marine surveyor, Brokers will usually have a list so that you can choose one but hunting through the waterways press will also help.
Once you have the survey you will be in a position to progress with the sale, if however the boat has serious defects then you might be able to renegotiate the price with the vendor through your broker, or indeed pull out out of the sale altogether.
Payments methods
Cash is usually acceptable,but due to money laundering regulations most brokers will only accept a certain amount, your broker will advise if this is the case and how much they will accept.
Banker’s drafts and Building Society cheques are acceptable usually seven days prior to handover of the vessel, All monies usually need to be cleared with the broker before the boat can be handed over.
Telegraphic transfer and CHAPS can be requested to be paid directly into the brokers bank account. This must be carried out five working days prior to handover of the vessel.
Credit and Debit cards such as Mastercard, Visa, Switch and other cards (except American Express) can sometimes be used to place deposits, they may however attract a handling fee, your broker will advise.
If you need to move your boat much further away from where you buy the boat then your broker should be able to arrange this for you, it can be done by road transport or by water.
The actual buying of the boat is only a part of what you need to do, you will of course need to insure it, make sure it has a current navigation license and find a mooring for it, again your brooker should be able to offer sound advice on these subjects, in some cases the broker will be able to offer you a mooring,
Once you take ownership of the boat it is advisable to have the engine serviced unless you know when it was done last, often the boat may have been stood for many months prior to you purchasing it.
This is meant as a very general guide and there are many other important considerations to be made before purchasing a pre-owned boat
.
When buying a boat for the first time it can be quite a daunting task, there are many pit falls, there are many things to do and many questions to ask, listed below are some guide lines to help you through the process.
If you are looking for your first boat then the most important thing to do is research, research research, narrow your search down to about six boats before you embark on looking at them in the'flesh' as too much choice can sometimes cloud your judgement, your first boat probably won't be your last and sometimes you won't find out what you really want until you have lived with a boat for a while, it might help for you to hire a boat first.
It is recommended that you buy a boat through a recognised broker as they will handle eveything for you and will be able to advise you every step of the way.
Once you have found the boat of your dreams you need to agree on the price that you are prepared to pay, sometimes offers on the asking price will be considered, once agreed your brooker will require a deposit, this is usually 10% of the agreed price but they will advise you of this.
SURVEYS
It is strongly recommended that you have a full out of water survey by a qualified marine surveyor, Brokers will usually have a list so that you can choose one but hunting through the waterways press will also help.
Once you have the survey you will be in a position to progress with the sale, if however the boat has serious defects then you might be able to renegotiate the price with the vendor through your broker, or indeed pull out out of the sale altogether.
Payments methods
Cash is usually acceptable,but due to money laundering regulations most brokers will only accept a certain amount, your broker will advise if this is the case and how much they will accept.
Banker’s drafts and Building Society cheques are acceptable usually seven days prior to handover of the vessel, All monies usually need to be cleared with the broker before the boat can be handed over.
Telegraphic transfer and CHAPS can be requested to be paid directly into the brokers bank account. This must be carried out five working days prior to handover of the vessel.
Credit and Debit cards such as Mastercard, Visa, Switch and other cards (except American Express) can sometimes be used to place deposits, they may however attract a handling fee, your broker will advise.
If you need to move your boat much further away from where you buy the boat then your broker should be able to arrange this for you, it can be done by road transport or by water.
The actual buying of the boat is only a part of what you need to do, you will of course need to insure it, make sure it has a current navigation license and find a mooring for it, again your brooker should be able to offer sound advice on these subjects, in some cases the broker will be able to offer you a mooring,
Once you take ownership of the boat it is advisable to have the engine serviced unless you know when it was done last, often the boat may have been stood for many months prior to you purchasing it.
This is meant as a very general guide and there are many other important considerations to be made before purchasing a pre-owned boat
.