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The document provides essential guidelines for buying a used boat, focusing on avoiding common paperwork pitfalls. It outlines seven key areas to check, including registration, title accuracy, hull identification number (HIN), tax payments, purchase agreements, bill of sale preparation, and payment methods. The document emphasizes the importance of ensuring all documentation is correct and up-to-date to prevent future legal or financial issues.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the best month to buy a boat?

The best months to buy a boat both used and new are typically September, October, and November. All these factors may help you find a good deal on both new and used boats.

What is the best site to list boats for sale?

Sellers often choose to list their boats on sites specifically tailored for boat buyers, like BoatCrazy or BoatTrader. Each of these online marketplaces offers thousands of boats for sale to potential buyers, providing niche platforms designed for simply selling boats and trailers.

What is the easiest way to sell a boat?

Listing your boat on an online boating marketplace is the best way to get your boat in front of potential buyers fast. Did you know that you can list your boat on Boat Traders website in less than 3 minutes?

Is the boat market dropping?

The boating market reached full normalization in 2023, and this year continues to show similar trends. As high interest rates and inflation persist, consumer demand continues to wane, with global searches related to boat purchasing dropping by 7.6% in the first half of 2024 compared to the same period last year.

What is the boat market outlook for 2025?

Recreational Boating Market Outlook Our outlook for 2025 includes: Steady growth in boat sales, particularly in the small to mid-size segments. Increased demand for eco-friendly and technologically advanced vessels. Expansion of boat sharing and rental services.

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Is boating on the decline?

Between January and December 2024, sales of new boats totaled 231,576 units, marking a net decline on the previous year. This trend can be explained by a combination of economic pressures, a slowdown in consumption and a weakening of certain key indicators in the marine market.

Are boat sales slowing down?

Overall supply has caught up with demand, and the number of boat sales appear to be falling more in line with prepandemic levels. For example, in 2022, new powerboat retail unit sales decreased 13% year-over-year ing to NMMA.

How is the boat industry doing?

KEY MARKET INSIGHTS The global boats market size was valued at USD 32.47 billion in 2023. The market is projected to grow from USD 34.25 billion in 2024 to USD 61.19 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period.

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What is the best month to buy a boat?

What is the best site to list boats for sale?

What is the easiest way to sell a boat?

Is the boat market dropping?

What is the boat market outlook for 2025?

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Is boating on the decline?

Are boat sales slowing down?

How is the boat industry doing?

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