Used Boats For Sale in Indianapolis, IA - Boatmart (2024)

FAQs

Are used boats worth it? ›

One of the most obvious advantages of purchasing a used boat is the cost savings. Just like with cars, boats experience significant depreciation in their first few years. By choosing a used boat, you can often get a vessel that's just a few years old at a fraction of the cost of buying new.

This is just a general estimate. For example, buying a used yacht would result in less depreciation, and the builder, the type of vessel, its appointments, and size can all affect depreciation. You might be wondering: Do yachts ever appreciate in value? This is a rare scenario, but it is possible.

The best time to buy a boat is usually within the autumn months of September, October and November, due to boats coming down in price for these months as for many the boating season is over.

In summary, when you're purchasing a used boat it's important to determine your budget and the type of boat you want. From there, you can begin your search for boats under 10 years old with less than 500 hours logged. Once you find a used boat you're interested in, you: Inspect the overall condition of the boat.

What are the most reliable boat brands? The top boat brands listed above include those that are the most reliable and well made. As a result, some of the most reliable boat brands include Azimut Yachts, Boston Whaler, Ferretti, Princess, Sunseeker and Viking, among others.

Regular cleaning, waxing, and upholstery care can help maintain the boat's aesthetic appeal. A well-kept exterior and interior can make a significant difference in attracting potential buyers and securing a higher resale value. The brand and model of a boat can heavily influence its resale value.

The depreciation curve is particularly steep in the initial years of ownership, with some boats losing up to half their value within the first five years. However, assuming the boat is well-maintained, value retention tends to improve, and the rate of depreciation generally slows down after this period.

With a used boat, you get more boat for fewer dollars, lower cost per year of ownership, and less on the line if you decide a different style or size boat would better serve you. It sounds funny, but there's peace of mind in knowing you're not going to put the first scratch or ding in the boat.

Well-maintained inboard engines, inboard outboard engines (unless diesel), and outboards have a serviceable average life of about 1500-2000 hours. If you're looking at a gas-fueled marine engine close to or exceeding 1000 hours, inboard or outboard, proceed with caution. It may be a deal, or it may be a money pit.

With proper handling, a regular fiberglass boat can last for 10 to 25 years. A well-maintained boat can even last for more than 50 years.

How to know if a used boat is good? ›

The hull is the main body or frame of the boat and should be inspected for any cracks, dents, or other signs of long-term damage. According to J.D. Power, any cracks or dents to the hull are major red flags and reasons to walk away.