What is a Boat Dealer Auction?

Similar to car auctions, boat dealer auctions are places where you can find repossessed or salvaged boats at auction for sale. If you are looking for boats for sale, and wanting to have a long-term project, a boat auction is the place or you. Boats that have made it to auction have typically endured serious damage, and some have even been completely totaled. That being said, if you are looking for a specific part that stores don’t sell anymore, or you want to restore a boat, going to an auction might be a good option for you. The main thing to remember when going to a boat auction is that yes, the boats are being sold for boat cheap, but there is a reason for that. Looks can be deceiving, especially in this situation.

What to expect at a boat dealer auction?

If you do choose to go to an auction when you are looking for boats for sale, there are a few things you can count on. First, the boats will be sold for what some people consider “dirt cheap.” This can be a good thing for you if you are looking for a new project. Second, sometimes you will get records with the boat, other times you will get nothing. Some sellers have the complete history of their boats, including any insurance claims and major accidents, while others will have nothing. If you can, try to go for a boat that has some amount of records, just so you have a good idea of where it has been and how extensive the damage really is. In the state of Florida, if the title has an insurance company on it instead of a person, that means that that boat was completely totaled, so be careful!

How to prepare for a boat dealer auction?

The best way to prepare for a boat auction is to have a surveyor ready to examine a boat. Experts will tell you that this is by far the most important part of buying a boat at auction. It might seem like an unnecessary expense, especially if you consider yourself familiar with boats, but it can save you thousands of dollars in the long run. Also, it is pretty common at auctions for the buyer to pay for their new boat on the spot. So if you are planning to buy a boat when you go to auction, be sure to have the funds set up and ready to go. This is a simple step that could help you avoid a serious headache.

If shopping for salvaged boats is not your cup of tea, Vessel Vendor is ready to help you find your next dream boat.