Should You Buy from a Boat Dealer Auction?

Boat auctions can be a great place to find boats for sale if your list of goals meets certain criteria. Because of the nature that most boats come in when they are auctioned off, the chances of finding a boat that is ready to take on the ocean are quite slim. Most have endured some sort of serious damage, some have even been totaled. If you are on the market for a fixer upper, have the resources to bring your boat back to life, and have the skills to do so, finding a boat at an auction is a great choice for you.

How Familiar are you with Boating?

The first step in taking home a boat from auction, is to get it surveyed. This is crucial if you are looking to have any sort of success with your restoration project. Some boats might look okay on the surface, but when you dig a little deeper they can be completely destroyed. Even if you consider yourself a boat expert, getting someone whose job it is to find flaws to look at your potential new boat will save you tons of money in the long run.

After finding your new dream boat and getting surveyed, the whole bidding and buying process will take place. This is pretty much the same at any auction, except for online auctions for boats there are very strict rules. This benefits you, the buyer, as it prevents people from taking advantage of the auction.

If you are looking for a fixer upper and have the means to do everything you want to it, a boat auction is the perfect place for you to find exactly what you are looking for.

One thing to look out for in the state of Florida. If you see a title with an insurance company on it, that means that that boat was totaled. Which is definitely something to keep in mind when you are looking at boats for sale.

Do you have the proper financing?

Another thing to consider, if you are set to purchase your boat at a boat dealer auction is whether or not you have the proper financing. At an auction, you can find amazing deals, but you have to be prepared to pay in full in advance. Thus, before you actually go to the auction, or make your bid online, make sure that you have the proper financing.

For those looking for major projects, boat auctions are perfect. For everyone else who is looking for a boat that is water ready, Vessel Vendor is ready to help you find your next dream boat.