Usually, negotiating boat prices works both ways; as a buyer, you will want to purchase the boat at the most affordable rate as you can; on the other hand, the seller will want to sell their boat at the highest price. Therefore, both the buyer and the seller have to find common ground.
Genius Arguments When Negotiating Boat Prices:
- Check out prices for different boats online.
- Try and explain to your seller that electronics fitted in the boat are outdated
- Reasonable cost or every repair
- In case the boat is a marina, ask if it will remain at the same place until spring arrives.
- Do Not Show Emotions
- Always Be Patient
- Use a Professional
- Let The Surveyor Be Very Picky
However, as a buyer, you will often need relatively little assistance to get there. At the same time, no every buyer has the power to negotiate, and due to that, in this article, we shall be taking you through nine genius arguments when negotiating boat prices (that works!)
Best Arguments When Negotiating Boat Prices
If you are on the look for a new or used boat to purchase, here are some vital negotiating tips that will help you get your boat at the best price;
Work On Your Homework
When it comes to purchasing a new or a used boat, you will only be able to negotiate the best deal if you know the value of that particular boat. Therefore, you will have to understand the price for the boat you are looking for along with competitive boats. As you do your homework, you should try and check out prices for different boats online.
Boats are known to be emotional items; thus, most individuals who sell their boats tend to assume their boat is worth more simply because they love it. However, with the book value in hand, you will be able to have a firm ground on which you can stand on.
In addition to that, you might consider working with a broker because they don’t have an emotional attachment to the boat, which intern will help you purchase the boat at a relatively affordable rate.
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Try To Get Rid Of Electronic Values
Let your seller know that you will replace all the electronics present in the boat. As you negotiate, try and explain to your seller that electronics fitted in the boat are outdated or not from the brand you prefer, you might also say that they are of high or low quality.
With that said, try and estimate the approximate price for the electronics and then inform them that you would love to deduct the electronic price from the seller’s asking price.
Furthermore, you should make them understand you will not be purchasing the product if they remove the electronics and then leave holes in the boat. You should note that you will be running a risk here since the seller might remove units from the boat and patch in fiberglass. However, in several cases, a seller will decide to reduce the asking price in relation to the electronics’ value.
You Should Consider Coming Up With a List That Entails Repairs Along With Necessary Upgrades
As you look at the boat, bring a pen and pad with you and write down things that are significantly damaged or old enough that a surveyor might miss. It is will also be beneficial if you come up with a reasonable cost or every repair.
If the boat meets your needs or you love it, let your seller know you will purchase the boat at the price they want, if only they fix all the items damaged. You should then request an alternative to reduce the asked amount by how the repair will cost. By doing so, the seller will find a hard time arguing that it is unreasonable to make payment for damage that has already been done.
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Purchase The Boat Depending On Storage For Season
In case the boat has been hauled for winter, you might consider asking the seller whether the boat will remain in the current location without your incurring an additional cost until you are ready to launch it in spring. In case the boat is a marina, ask if it will remain at the same place until spring arrives.
In most cases, boat owners pay for boat storage seasonally. Therefore, this will not cost them much, and at the same time, you will save a significant amount of money. You might as well consider using a broker to help you out with that. Usually, some surveyors tend to be pickier compared to others.
In contrast, others tend to be relatively easy-going, especially if they find out you are anxious to make a sale to be successful. Therefore, you should let the surveyor know ahead that you want them to address everything they have come up with while surveying the boat.
One of the genius arguments when negotiating boat prices – respect needs to be your top priority. Any boat seller should expect a relatively low offer. On the other, any buyer should expect a relatively high offer. As a result, both the seller and the buyer needs to make reasonable offers; this will help in creating good rapport and a favorable atmosphere for a decent negotiation.
As a buyer, you should keep in mind that the seller will negotiate upwards from your offer and vice versa for the seller. During this period, you will need to respect each other decisions for a better price and reach the common ground satisfied.
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Do Not Show Emotions
When it comes to purchasing a boat, you should note that it involves an emotional journey. Therefore, as a buyer, you should consider leaving your emotions outside; this will help you achieve the best price. By leaving your emotions outside, you will be able to focus on the facts and figures of the boat.
However, you should note that this is easier said than done. Furthermore, when the seller understand you are passionate about purchasing their boat, they are unlikely to walk away. It would be best to consider setting the maximum price that you will be willing to pay for the boat and remain firm. By doing so, you will be able to get a great deal for the boat you have fallen in love with.
Always Be Patient
One of the genius arguments when negotiating boat prices – patience when it comes to negotiating boat price. Patience is critical when it comes to finding the right boat. You should note that finding a boat that will best suit your needs at an affordable rate is never an easy task; therefore, you should never rash things.
Since it can take a relatively long time to find the right boat within your price range, you shouldn’t be discouraged and impatient since this is when most individuals tend to make a poor decision.
While in a rash, you might end up purchasing the wrong boat or even convince yourself to pay extra money for a boat that isn’t worth the price. Therefore, you should try and be patient when looking for a boat that will best suit your needs.
Use a Professional
If you are purchasing a boat for the first time, you should consider hiring a professional or a persona with extensive boating experience. This is because you will find several terminologies that can be baffling.
By taking someone with extensive boating knowledge, you will find negotiation relatively easy without feeling bewildered by some technical terminologies and understanding everything you are negotiating.
Furthermore, when negotiating, asking questions is vital from the get-go. You shouldn’t just ask why the boat is for sale, but you should add some more questions like how much sea time it has had for the last five years.
You might also consider asking where the boat has sailed to, the number of maintenance it has had, among other questions. The more you ask, the more information you acquire, giving you a better position when negotiating a boat price.
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Let The Surveyor Be Very Picky
When purchasing a boat, you shouldn’t nit-pick a seller; however, you note that any issue that a surveyor presents needs to be sorted out either through price reduction or pre-purchase repair.
Point To Note
When purchasing a new boat, you should note that there is no perfect boat. However, you will find great deals when purchasing used boats, especially if you have patience when it comes to looking for the right boat and doing your homework. If you are working on a tight budget, a used boat is often the best deal.
When you find the perfect boat and have to start negotiating its price, you should consider factoring in the points discussed in this article. Negotiating for a better deal is always an easy task; however, this is never the case for a newbie.
Therefore, when purchasing a boat for the first time, you should consider going with an individual with a great boating experience. This will make negotiation much easier and allows you to strike a better deal.
As we come to a conclusion, we hope that you have found this article, 9 Genius Arguments When Negotiating Boat Prices (That Works!), and will be of significant help as you purchase a boat that will best suit your needs. Once you have the papers done, you can now open a bottle of champagne and celebrate.