Helpful tips when buying a boat

Helpful Tips When Buying a Boat
Thinking about buying a boat? Whether you’re a first-time buyer or upgrading to a larger vessel, it’s a big investment — and one that should be informed by practical guidance. Here are some essential tips to help you make a confident and successful purchase.

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🛥️ Define Your Purpose

Before searching listings, get a clear idea on what kind of boating experience you want.

• Private or commercial (e.g. charter)?
• Cruising, sailing, fishing, entertaining?
• Overnighting or day use?
• How many people do you need to accommodate?

• ➡️ “Considering a commercial vessel? View our charter boats for sale.”https://www.cbyachtsales.com/commercial-charter-boats-for-sale/

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💰 Set a Realistic Budget

Remember, the purchase price is just the beginning. Factor in:

• Registration, insurance, safety gear
• Marina or mooring fees
• Servicing and future maintenance
• Survey and haul-out costs
• Fuel and operating costs

Pro tip: Budget for a pre-purchase survey and allow a margin for unexpected expenses.

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🛶 Understand Different Types of Boats

Different hull types and propulsion systems suit different needs:

• Monohull vs Catamaran
• Displacement Vessel vs Planing Vessel
• Diesel Shaft Drive vs Pods
• Sail vs Power
• Commercial vs Recreational

Each type has strengths and trade-offs depending on stability, cost, and purpose.

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📊 Research the Market

Look into:

• Prices of similar boats
• How long boats are sitting unsold
• Local vs interstate options (transport costs)
• Best seasons to buy or sell

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🔎 Inspect the Vessel Thoroughly

Never skip inspections! Arrange:

• A marine survey by a licensed surveyor (after your offer has been accepted)
• A sea trial to test performance (after your offer has been accepted)
• Review of engine hours, electronics, rigging, etc.
• A look at maintenance history and receipts

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❓ Ask Smart Questions

Before you commit, ask the seller:

• Why are they selling?
• Any prior damage or accidents?
• Is there finance owing on the vessel? ( the broker will do a PPSR check prior to settlement)
• For commercial boats: Is it currently in AMSA survey? What survey? When is the next 5 year due?

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📄 Understand the Paperwork

A smooth transaction means understanding:

• Ownership/title transfer
• Current registration
• Contracts and sale agreements
• GST and tax (for business boats)
• Survey and compliance docs

🖇️ Suggested internal link:
➡️ “Need help with the paperwork? Learn about our boat sale services.”

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👩‍💼 Use a Reputable Broker – CB Yacht Sales

Buying through an experienced broker means:

• Expert advice and negotiation
• Risk reduction
• Endorsed contracts and compliance (check to see if the broker is a BIA (Boating Industry Association) member)
• Peace of mind!

🖇️ Suggested internal link:
➡️ “See why buyers choose us — Why buy or sell with us.”

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✅ Ready to Start Your Search?

We’re here to help you navigate the process with confidence.

👉 View Boats for Sale
👉 Contact Us for personalised advice
👉 Learn more about buying a charter business