A Few of the Benefits of Buying a Boat for Sale by Owner

By boatingrvcenter • September 7, 2011 11:32 PM

boat foreclosureWhen you decide to buy a used boat rather than a new boat, you are showing that you have a high financial IQ. When people select to buy a new boat from a dealership, it is said that they lose 10% of the value the minute that they drive it off the lot, and they lose 35% of the value with in the first year. This is an extremely expensive boat to own. Even if you put down a third of the money when you buy it, you will have lost all of your down payment with in 12 months. In addition, you will have been making payments on the boat every month. Most of your payment that you have made or at least a very good chunk of it, will have gone to pay off the interest. Only a small portion of your monthly payment will actually pay down your principal.

Kelley Blue Book and NADA Value Guides

It is a very good idea to buy a boat, especially a used boat. But before you buy a boat, you are going to have to know what the bat is really worth. For this reason, a lot of people who are searching for boat values online, will search for Kelley blue book boats. They’re hoping that they will be able to find out how much they should expect to pay for a used boat for sale and which boats they think will be the best deals. Another great online RV guide you can use to search for the value of a used boat for sale is the NADA value guide. This is probably one of the biggest online blue book value guides available for boats. Even though there are literally thousands of different guides out there, the NADA is one that is commonly used by banks to help them determine how much money they can lend you on a used boat for sale.

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