Question: What Is The Best Way To Sell My Boat?

What do I need to do to sell my boat?

How to Sell Your BoatDetermine if you are going to sell the boat yourself, or work with a broker or dealer.Make sure the boat looks and runs as good as possible.Research the price of similar boats taking make, model, size, and age into consideration.Decide on an asking price.Advertise your boat for sale.More items….

Where is the best place to sell a used boat?

Best Place To Sell A Boat OnlineBoat

Do you have to pay tax when buying a used boat?

In general, use tax applies to purchases of vessels for use in this state when an amount for sales tax is not paid to a California dealer. … Unless an exemption or exclusion applies, you must pay use tax on your vessel purchase.

Does a boat bill of sale have to be notarized?

Sign two copies of the bill of sale, one for you and one for the other party. Many states require that signatures on a boat bill of sale be witnessed by at least two people or notarized. Do not sign the document until you are in front of those witnesses or a notary.

Should I use a broker to sell my boat?

Most used boats for sale offer the ability for the buyer and the seller to be represented by a professional. Its one way to take the emotion out of the potential transaction. … Getting the boat surveyed before making an offer is imperative and a broker can facilitate this for you.

Is selling boats a good job?

Selling boats is a great job for the right person, for others, not so much. It’s not a champagne and caviar cruise through life – it’s work like any other. You can make great money or you can starve. Not everyone has the skills or personality to make it, in fact I would wager most don’t.

Does anyone buy used boats?

WE BUY BOATS FORM Inland Boat Center is southern California’s largest used boat dealer. … We will buy your boat for cash! We’ve purchased hundreds of used boats and we will offer you a fair price. Contact us today via the form below and we will get you a quote, or call us at 951-928-4180!

What is the best time of year to sell a boat?

Analyzing sales over a period of years, statistically speaking, (adjusting for other market influences), the best “season” to sell your boat is between the months of February and June.

What percentage does a boat broker take?

10 percentBoat brokers are similar to real-estate agents, but with important differences: They’re far less regulated, and their commission is 10 percent rather than six percent.

Do Boat dealers negotiate price?

Negotiating Your Boat Purchase They know just what their overhead costs are and what level of profit they need to make to stay in business. Ask an honest dealer what the bottom-line price is, and you’re likely to get a straight answer. … Buy at a boat show, where the dealer may offer special incentives or reductions.

How long does it take to sell a used boat?

When considering price it’s also important to appreciate how long it takes, on average, to sell a boat. Currently this varies from around eight months for boats 26′ to 35′ to almost 12 months for a boat 46′ to 55′. For every boat that sells in a couple of months, there’s another that takes two or three years.

What paperwork is required to sell a boat?

Write a bill of sale. This document must include a vessel description, Hull number, purchase date, price, the names and addresses (including city state zip) of the parties, and the signatures of both the buyer and seller. If the boat is used, you’ll likely need the boat’s previous registration number. Boat title.

Is there a blue book value for boats?

The Kelley Blue Book of Boats It includes pricing for everything from motors to trailers, and is used by banks, finance companies, insurance companies, and even government agencies.

How do I sell a boat I still owe money on?

It’s possible to sell your boat and pay off the loan at approximately the same time. As long as you and the buyer agree on the circumstances of the sale, selling a boat you owe on is acceptable. Call your lender and ask for the payoff balance on your boat loan. Write the balance down for future reference.

How can I sell my boat fast?

How to Sell a Boat FastFind Your Boat Buyer Through Marketing.Make Sure Your Boat is in Good Condition Before Showing Customer.Clean Your Boat Before Showing to a Possible Buyer.Declutter Your Boat Before Selling.A Detail Job Goes a Long Way Toward Selling Your Boat.Consider Small Details When Selling Your Boat.More items…•

How much does it cost to list on Boat Trader?

Generally, boat sellers agree to pay a 10% commission of the purchase price to the selling broker at closing.

Can you scrap a boat for money?

It is also possible to scrap your boat. Scrapped boats can be worth a lot of money, especially if they are aluminum boats since most scrapyards. Fiberglass boats can be worth money, but not as much. … Sometimes scrap yards will only be interested in the metal pieces of your boat.

Can I trade in my boat?

Trading in a boat at your dealer is another simple solution. … There are tax advantages to trading in, too. In most states, you only pay sales tax on the new boat price less the value of the trade-in. And since dealerships take trades all the time, figuring out the boat trade in value is usually a short process.