When is the best time to sell a boat?
If you are in the process of determining the best time to sell a boat, you have likely come across endless advice on the internet. From a specific month to the best time of year; or depending on the type or condition. The short answer is: there is no perfect answer. Here are a few things to consider when determining the best time to sell a fishing boat.
Do you want to buy a new boat? If the answer is yes, the best time to sell a boat is as soon as possible. According to some boat sales specialists, the boats quickly depreciate by 15-25% in their first year and travel south at a reasonable speed each year until they balance. Of course, many variables can skew this number, e.g. B. How well maintained the boat is and what type of vessel it is. If you are planning on buying a new boat, it is best to sell it soon for more bargaining power and a chance to make more money.
Are you selling your boat with no plans to buy another? Then you may want to consider additional factors like time of year and location. Some say the best time to sell a boat is just before the boating season, which varies based on the location of the ship. Spring and summer are generally popular boating months – think spring break, warm weather, summer break, and a willingness to thaw those winter fears. You likely have a larger pool of buyers, albeit with greater seasonal demand.
Regardless of the best time to sell a fishing boat, here are some key tips for selling a fishing boat that you should follow:
- Detail the boat and make sure everything is OK.
- Capture a variety of high-quality, well-lit photos, including both indoors and outdoors.
- Advertise heavily in local boat publications.
- If the boat is particularly unique, you can expand your advertising regionally or beyond.
When you get a new boat make sure you register it. Registering your boat is an important step in boat ownership. The requirements vary from state to state. Registration numbers and validation stickers may need to be displayed depending on the size and type of your boat.