11 Vital Questions For Boat Buyers

Buying a boat is a big deal!

It’s a significant investment and as a VIP member of GulfStreamBoatSales.com I want to help you make sure that you buy a great boat for you and your family.

Being aware of the potential issues that can arise in the boat buying process will help you to avoid the pitfalls and ensure that your money is well spent.

You should be able to enjoy your new boat, safe in the knowledge that your title is good and the boat is in seaworthy condition.

Do NOT buy a boat without knowing the answers to the following questions

Sell Your Boat Quickly and For The Best Price Possible

1. Is the broker a member of a relevant trade association and do they adhere to a code of conduct?

2. If buying a brokerage boat, will your purchase monies be paid into and held in a designated client account until the transaction is completed?

3. If buying a new or used stock boat, are you aware of the stage payment arrangements and when title in the boat transfers to you?

4. Is there marine finance on the boat you are buying and what are arrangements for discharge of it prior to completion of the purchase?

5. Will you be issued with appropriate Title Documentation when you purchase the boat? What forms of Title Documentation will be provided? E.g. Bills of Sale, original purchase invoice, evidence of VAT status, Part 1 Registration, builder’s certificate, evidence of compliance with the EU Recreational Craft Directive etc

6. Does the broker use approved standard forms of contract between seller and purchaser?

7. Will you have suitable opportunity to inspect, sea trial and/or have the boat surveyed prior to payment of a non-refundable deposit and completion of the sale? Is the broker accommodating in helping to arrange inspections, sea trials and surveys?

8. What exactly is included in the purchase price of the boat? Do you have a written inventory list?

9. Is the broker completely transparent about the purchasing process? Do you know at what stage in the process the title in the boat transfers to you and you become responsible for insurance and/or costs associated with the storage, transport of the boat etc?

10. What are the specific arrangements for handover of the boat to you upon completion?

11. What support, if any, is available to you once the purchase is completed? Is there any warranty on the boat or engine? Will the broker assist with arrangements after the purchase, such as storage, delivery, maintenance, boat registration, training etc?

I take these considerations very seriously and find that the better informed you are through the buying process the more smoothly it goes for everyone involved.

My aim is to ensure that you know exactly what you are getting when you buy a boat from GulfStream Boat Sales, and the details are taken care of, so that all you have to worry about once the deal is done is the weather!

I know it is easy to get caught up in the excitement of buying a boat and over-look issues, whether with the integrity of the boat or the legalities of the purchase, that can later come back to bother you.

I urge you strongly to pay attention to the essentials above and I can assure you that if you buy through us you will know the answers to these questions and more, so that you can buy with confidence and get a boat that you and your family can enjoy with complete peace of mind.

If you have questions on anything mentioned please leave a comment below or call me on +44 (0) 28 7136 8779.  I’ll be happy to hear from you!

Niall Heaney MEng, Managing Director, GulfStream Marine Ltd

{ 23 comments… read them below or add one }

paul November 30, 2011 at 4:49 pm

Thank you very much for the 11 questions. I have printed a copy of it so that I can take it with me when we go to purchase a boat. Very useful info. Ta. Paul.

Reply

Anthony April 30, 2012 at 4:16 am

Niall
Thank you This will be so helpful
Rgds Tony

Reply

Andrew May 24, 2012 at 8:18 am

got it :] many thanks- great info for first time buyers like me :]

Reply

Peter July 19, 2012 at 12:49 pm

extremely helpful. Thank you very much.

Reply

Omar October 11, 2012 at 8:00 pm

I am a first time buyer thanks a lot you help me alot with these questions .

Reply

aaron July 12, 2013 at 5:17 pm

thanks a lot i will print a coppie of this verry handy thanks

Reply

Paul July 18, 2013 at 11:18 am

Niall
Many thanks this will be extremely help full I’m sure.

Reply

pierre November 29, 2013 at 7:12 pm

Niall

Owning a boat has been a long wish of mine and having just retired, I am now looking earnestly into the ins and outs, costs, regulations etc.., quite a minefield for a newcomer like me. The above questions are a very useful and throw additional light into the many queries I have.

Thank you
Pierre

Reply

GulfStream December 8, 2013 at 12:05 pm

Hi Pierre,

Thanks for getting in touch. I’m glad you’ve found this information useful. If you’ve any questions or if I can be of help at all please don’t hesitate to get in touch.

Good luck with your search… and remember to enjoy it… it’s supposed to be fun!

All the best,
Niall

Reply

mike January 29, 2014 at 8:30 pm

Hi Niall,
Very helpfull,
Many thanks
Mike

Reply

Ray April 30, 2014 at 2:40 pm

Hi Niall,
It,s good to know that your company goes to such lengths to let us buyers know what to expect, and in turn would feel safe when purchasing a vessel from GulfStream.
Regards
Ray

Reply

GulfStream May 5, 2014 at 1:29 pm

Hi Ray,

Thanks for getting in touch and thanks for your kind words.

All the best,
Niall

Reply

phil October 26, 2014 at 6:14 pm

Hi Niall,
Felt compeled to leave a note. As a first time buyer looking at all various the different options your website, videos and advice have been very helpful.

Thank you very much!

Regards,
Phil.

Reply

GulfStream October 28, 2014 at 11:46 am

Hi Phil,

Thanks for getting in touch. I’m glad you’ve found the site useful. We aim to make the boat buying process as easy and straight forward as possible.

Please let me know if I can be of any help in the future.

All the best,
Niall

Reply

William July 29, 2016 at 8:17 pm

Thankyou for these vital tips I’ve done a photo in my I phone

Reply

Karen April 30, 2017 at 9:24 pm

Great impartial advice well received. Thanks Niall
Regards,
Ally & Karen

Reply

Adam December 28, 2017 at 6:32 am

Ah, a lot of questions I didn’t ask you on the phone yesterday! Thanks for the tips, it is too easy to get caught up in the excitement and forget how important the answers to these questions are…! Adam.

Reply

Charles May 28, 2020 at 8:46 pm

Thank you niall for the 11 questionnaire you sent me I only wish I knew them when I bought my first boat which was a barnegat cruiser and only had it, a few months, and decided to give it away as it was money and after money but I have learned my lesson don’t buy private as I did
Thank you
Chassa123

Reply

wayne June 16, 2020 at 2:34 pm

Great advice and more than helpful over the phone

Reply

mark July 8, 2020 at 4:56 pm

Niall, thank you so much for this information, you pitch everything so well, the excitement aspect does tend to take over so this is a great reality check. Much appreciated. Mark R

Reply

Stuart July 16, 2020 at 8:46 am

thank you, I would not have thought of all of these.

Reply

Cliff September 26, 2020 at 8:50 am

Great tips, especiallyfor a first time buyer. Appreciated!

Reply

Stuart November 3, 2020 at 8:05 am

Hi Niall, very useful. I enjoy your videos, I am looking at a Jeanneau 36 Fly, I know you just sold a nice one but I am in Stockholm and it’s not so easy to travel otherwise I would be happy to buy from you. But take some pleasure in knowing your advice is appreciated.

Reply

Cancel reply

Leave a Comment