Buying a second-hand boat is an expensive operation and much more complex than buying a motorcycle or a car. It requires in particular to establish its budget well and to probe a market which can seem thick for neophytes. In addition, it is also necessary to take certain precautions in order to prevent potential hidden defects.
If you are considering taking the plunge, we are therefore sharing with you, in this guide, the procedures and steps to follow, as well as our practical advice to make your dream come true.
Establishing your budget to buy a second-hand boat
This is the first step in the framework of buying a second-hand boat. Basically it is a question of evaluating as well as possible the potential cost of the boat which interests you, without forgetting to take into account the additional costs.
So, how much does a used boat cost?
The price of a second-hand boat depends essentially on three factors: the type of boat, its dimensions and its general condition.
Depending on type
The first and most important of the factors that determine the price of a used boat concerns its model. In this context, there are dozens of different types of boats:
Each category has different characteristics, and the cost of acquisition varies considerably from one type of boat to another.
After the type of boat concerned, it is necessary take an interest in its dimensions. In general, the bigger it is, the more expensive it is. For instance, a 6.5m long sailboat costs an average of €19,000. A 35-foot model is worth more than €140,000. So take into account your desires, but also your budget to do your research.
The condition of the boat
Finally, it is important toassess the condition of the boat. A used ship costs on average 20 to 30% less expensive than a new model. However, its value may rise or fall depending on how it has been stored. It is therefore important to carry out an in-depth analysis of the boat before starting negotiations. In this context, do not hesitate to ask for the expertise of a professional.
Take into account the various ancillary costs
The expenses associated with the acquisition of a used boat are not limited to the purchase price. It is also important to consider several other additional expenses.
These primarily concern the cost of boat insurance. According to the terms of the insurer, it costs each year, between 1 and 2% of the value of the boat. This can therefore represent a substantial annual expense depending on the standing of your boat.
Secondly, it is crucial toestimate boat maintenance costs. Cleaning inboard and outboard costs an average of €200. Of course, this rate is likely to increase for large boats.
Wintering costs vary according to the service provider and the size of the boat. But they usually cost less than €700 for boats under 4 m, and over €900 for those over 8 m.
To find the used boat of your dreams, two main options are available to you:
Buying a used boat from a private individual
This option is generally less expensive than the second. However, it implies that you take care of the search for sales announcements, the completion of all the checks and the majority of the administrative procedures. It also exposes less experienced buyers to various risks and potential latent defects.
Buy your boat from a professional provider
Going through specialized agencies guarantees the reliability of each ad. In addition, you can count on the assistance of the agents to accompany you during the negotiations and in all the administrative procedures.
Read also: How to book a cruise?
Other steps and formalities to be carried out in the context of the acquisition of a second-hand boat
Buying a boat is not just about signing a simple sales contract. It is essential to carry out a complete analysis of the boat and its history of use. Once your observations have been made, you can proceed to the administrative formalities.
Analyze vessel history
It’s important to find out about previous uses of the second-hand boat. This makes it possible to know in what context it has been exploited until then and on which seas it has sailed. It is also a good way to determine if the boat is usable in the desired context. You can ask the seller to inquire about this.
Ask for an expert
The expertise gives you a precise idea of the current condition of the boat. It begins with an analysis detailed on-board electronics, plumbing and engine compartment. The objective is to discover any shortcomings in the internal system and to assess the cost of potential repairs.
The specialist then proceeds toobservation of the interior layout of the ship. He is meticulous and emphasizes the presence of the slightest scratch. Finally, he is interested in the structure of the boat. After a trip at sea, he manages to check the proper functioning of the equipment and to assess the balance of the ship on the waves.
The administrative formalities to complete to buy a second-hand boat
The administrative formalities generally boil down to the payment of francization fees, analysis of the content of the sales contract and its ratification. Of course, the existence of latent defects such as debts involving the right of ownership of the ship are likely to change the situation. But such incidents are rather rare, especially with the intervention of a specialized service provider.
Read also: CPF for boat license: conditions to be met and steps to be taken