Why Buy Used?

Why Buying a Used Ski Boat Makes Sense
By Lisa Renee Sherman

All of us have gone to boat shows and have drooled over the new shiny ski boats that sit there in all their glory. They have that new boat sparkle, that new boat smell, and ultimately that new boat price tag. There is nothing wrong with wanting to purchase a new ski boat, for those individuals where money is not a factor. When money is a factor it is important to consider the “new boat” depreciation.

The standard rule is that high-end ski and wake boats maintain their value much longer than other types of boats if well maintained. It is important to remember that this recreational vehicle will spend a large part of its life in harsh conditions. The sun will be beating down, and water that might not be the purest in quality will be surrounding it.

When considering purchasing a new boat it would be important to take that same boat and look at models that are anywhere from four to six years old. Typically there is a significant drop in value. This might not sound major, but when looking at dollar signs it could really start adding up.

With the economy the way that it is right now, it is a buyer’s market. There are unbelievable deals to be found everywhere for high quality used ski boats. If the option of taking a slightly older model is acceptable, the amount of money saved could go far in restoration or accessory upgrades.

It is also important to remember that retail value seldom is a true indication of real market value. Companies understand financial hardships because of the change in purchasing trends. There might be deals that are offered with the intent to entice the consumer to the lot or boat show, but rarely can they make up the difference of the “new boat” depreciation.

The internet can be an amazing tool in trying to decipher the true market value of a ski boat. With the click of a mouse there can be hundreds of advertisements for the same exact model that is for sale across the nation. Usually one will discover that the retail price differs greatly from the realistic asking and sale price that private sellers are experiencing in the real world.

Jim Baugh wrote an article for Sportsman Magazine several years ago for the February 2003 issue. It was titled “New Boat, Used Boat?” He reported that a general rule of thumb to consider is that when purchasing a used boat to allow the budget of “half the price of the new boat” for complete purchase and restoration. This is very sound advice. The market of today has changed drastically from 2003. With the economy in the place that it is, there are very good quality used ski boats being offered by the private seller that requires little to no restoration.

Just as a ski boat is a high ticket item for an individual to purchase; it unfortunately is also an item of sellable value during times of financial hardships. In the market today, not all ski boats are being sold due to upgrades or difficulties with the performance of the boat. Some private sellers are selling based solely off of the need for cash. While this is not an ideal situation for the seller, it can offer a significant deal for the buyer. With a little bit of time and research an individual can find amazing deals on good quality ski boats. All it takes is the investment of time and research!

All content on UsedSkiBoats.com is copyrighted and enforced! © 2009