![]() There is usually room for negotiation with a new boat purchase when you can lower the price or add equipment at no cost or reduced charge. New boats are priced by manufacturers and their dealers as opposed to used boats that are priced by private owners and sellers. Location also plays a part in new boat prices, since some boats are sold FOB (Free On Board) at the factory or common shipping point and need to be transported to the dealer or buyer – a cost that is added into the overall price. Values are based on the individual brand, size/length of the watercraft, onboard equipment and optional upgrades. Prices for new boats are generally set by the boat manufacturers and their dealers, who represent these brands. Let’s take a closer look at new boat prices from dealers, versus pre-owned boat prices from individual private sellers and/or brokers. Dealers are often equipped to hold a large inventory of boats on-site, thus may not need to negotiate on price as much as a private seller. In this case a seller may choose to price the boat higher than its typical re-sale value. On the other hand, if a private seller has ample storage available, such as at a waterfront home with a dock or wet slip, they may not be in any rush to sell the vessel. In this case, they may be willing to let the boat go for much less than it’s worth. If a seller is paying for storage at a boatyard and no longer wants the vessel, they’re likely to be motivated to sell faster in order to lower their monthly costs. Boats require adequate storage areas which can be costly for the owner. For starters, owning a boat is largely more of a luxury than owning a car or home. ![]() Yet despite these similarities, selling a boat differs in many ways from selling a car or house. Similarly, a car with high mileage depreciates in value the same way a boat with high engine hours loses value. For example, a deep sea offshore fishing boat with a large draft and wide beam may not be as desirable in an inland region where shallow bodies of water (such as lakes and rivers) are the only boating destinations nearby and buyers would prefer a trailerable boat. Remember the old saying, “location, location, location!” As with homes, location may indeed play a big role in a specific boat’s value as well. It can be said that the process of pricing a boat broadly resembles that of valuing a home or used car. The process of researching, valuing and pricing a used boat is vital for both sellers and buyers in order to make sure both parties have an accurate view of the proper boat value. Sellers: Appraising A Boat Before A Sale.Buyers: Hiring A Surveyor To Appraise A Boat’s Value.If you’re looking for a quick and easy way to get an accurate price range for your boat, try our convenient Boat Price Checker tool. In this guide we’ll provide a current and detailed overview of boat values in 2023 to help you better estimate the proper price of a vessel, whether it be new or used. Ultimately the price of a boat will depend on the buyer’s preferences and the seller’s willingness to negotiate, as well as market conditions. The cost of a boats will vary widely depending on factors such as size, features and construction materials. ![]() However, there are still many types of boats at different price points and used boats are generally more affordable. Inventory shortages have since eased in 2023, but remote work lifestyles have kept demand for outdoor activities like boating high, helping to keep prices elevated. In 2022, global boat values were 29% higher than pre-pandemic levels. ![]() The pandemic caused shortages and drove up prices. Boats have become more expensive in recent years, due to factors like inflation, rising material costs and high consumer demand. ![]()
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