Your Used Boat Buying Guide

If you want to buy a boat on a budget, then you should check out the used boat market. Used boats hold their value very well and offer you more selection than new models. Additionally, they’re great for beginners who want to dip their toes into the water of boating without making as big of a financial commitment. Here’s what you need to know when buying a used boat.

Do Your Research

Take some time to research various brands and models of used boats online so that you can get an idea for which models have truly stood the test of time. Professional reviews and reviews left by prior owners can tell you whether a given model or brand is worth your investment. Also, you can look at different types of boats to narrow down which style will work best for your needs.

Make a Budget

Sit down with your finances to determine how much you can afford to pay for your used boat. If you use financing options, you should ascertain how much you can put towards a monthly payment on a boat loan, along with saving up at least 10% of the sticker cost for a down payment. Don’t forget to factor in the costs of insurance, maintenance, storage, and accessories.

Obtain Maintenance Records

When you’ve landed on a used boat that interests you, you should ask the seller for the boat’s maintenance records. This will give you an idea of how well the boat was cared for, in addition to providing you with valuable information about any potential problems or accidents with the boat.

Visit our dealership in Naples, ME, today to view our wide selection of used boats for sale. New England Water Sports is proud to serve our Maine customers in Sebago Lake and Long Lake.