Choose the best boat or yacht at our online auction

The best way to enjoy a water escapade is to buy your own boat. Boat or yacht auctions is just the kind of place for you to pick up a boat or yacht of your choice at down to earth prices! A whole range of boat parts, hardware, accessories, electronics and instruments are also on offer on boat parts auctions! 

But buying a boat or yacht at online auction also requires some careful planning so as to ensure that you get the best deal available. Here we provide you some useful tips that may help you in choosing the best boat or yacht at our online auction! 

Tips for buying boats at boat auctions 

Online boat auctions offer a wide range of boats, yachts and watercrafts and so some experienced opinion would help you make the right choice. If you're a first time buyer, we suggest you engage a professional boat surveyor to help you - not only to assess the boat you're interested in, but also to decide what sort of boat is most appropriate for your needs. 

• For instance, do you need the boat primarily for your own use, i.e. fishing boat or cruising, or will do you plan to take your family members out in it too? Then make sure you don’t end up with a boat too small for your family’s needs or one too big for just one person! Be sure to think about what is really important to you and those around you. 

• Most used boats for sale online need some work done on them and it is better you do some research beforehand, study some boats preferably in the company of someone experienced, to assess what work is required and how much it would cost additionally. You will be amazed to find how this would help you avoid putting money in boats with problems you can’t fix. 

• Examine carefully the equipment and safety items in the boat – whether they are in good condition or would it cost a fortune to have them replaced? Sometimes, you may also find a boat has a lot (and we mean a lot) of equipment that doesn't get factored into the sale price. If the equipment's sound, these boats can make great buys. 

• Online boat auctions offer a wide choice of models. Opt for a popular model, which makes it easier for you to find replacement parts or even resell the boat at a later date. Do a market study on the prices of different models so that you pick the best deal. Boat or yacht auctions try and set a fair market value for goods. 

• A larger boat will require higher costs to operate, maintain and store it. A general guideline for boat cost is to take the boat’s monthly payment and double it for estimating your total monthly outlay. A boater is likely to spend that amount due to added cost for gas, insurance, maintenance and mooring or storing the boat. Fortunately, Galleys (cooking, head and sleeping quarters) do qualify in most states for a write off as a second home. Check with your accountant before you buy a boat to see what the tax implications are. 

4 Tips To Saving A Bundle At Your Next Car Auction

Many of us have been at the car dealership and have been drained by a salesperson during price negotiations for the purchase of a new car. Most people give in too easily or do not negotiate at all to avoid the dreadful act. This only means more money in the car dealers’ pocket, while you are out of several thousand dollars! Yes, they make that much in profit per car. 

This article unveils the dealer’s selling tactics and how you can get around them. But before we dive into the new car buying tips, we need to understand what makes up the dealer’s profits. 

In addition to the MSRP (manufacturer suggested retail price), which is the dealer’s cost for the car plus an additional 20-25% profit, a dealer also gets financial incentives from the manufacturer when a new car is sold. This is called Holdback. 

Depending on the car, dealers can make hundreds on each car through holdbacks. Dealers also get additional incentives and bonuses on selling a car before the end of the month and/or quarter. 

A shrewd dealer can make several thousand on a new car even by selling it at invoice price. This is how new car buying can become tricky for the consumer.