Working with a broker when purchasing a boat

So you've decided to purchase a boat. Much like buying a house or a new car, it can sometimes be a long and complicated process, depending on how big the vessel is. If you're buying anything bigger than a skiff or small motorboat, you're probably going to have to deal with a broker. Most sellers will contract with someone who handles the sales process and takes a commission from the sales price.

If you're entering the market, make sure to keep these tips in mind when working with a broker:

  • Consider hiring your own broker: If you want a more unbiased expert to help you navigate listings, having your own broker can be a valuable resource. They'll take your personal needs into consideration to make sure you get a vehicle that is in good condition and will leave you a happy sailor.
  • Get everything in writing: When you hand over a deposit, make sure that the broker is storing your money in a separate account and that you have the account number and bank where it is being held. You should also make sure the conditions of the deposit are clearly stated, such as when you can get it back if you decide to pull out of the deal.
  • Have a surveyor inspect every aspect of the boat you're buying: This is critical for making sure that the hull, engine and marine instruments on the boat you are purchasing are in good condition.

Once you've bought your new boat, make sure you head over to the ePal online store and check out our inventory of the latest technology in marine equipment

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