1. Who the seller is, is important
If the seller is a dealer, the car will be rebuilt on the surface and will be priced after that and finding hidden damages may be difficult if the seller is looking to simply make a profit. But say the seller is an insurance company and the boats are being sold after a major hurricane, even if the boats don't have much damage the insurance company can put it for sale as it will take a lot of time to repair and they might have a huge number of claims. They are also trying to free up space so they will provide low bid auctions and also provide clear images, which can benefit you in making a bid when searching for your favorite speed boats for sale.
2. Like cars have VINs, boats have HINs
A Hull Identification Number provides details like the title of the boat, registration details of the owner, where and how old the speed boats are. You also need to have a bill of sale signed by all the previous owners. Check with the seller for all documents before calculating your bid.
3. What kind of damage does the salvage boat have
If the boat was submerged completely under water or was grounded, you may not be able to determine the complete effects of the water damage and if salt water has remained in the engine for more than a month, the boat engine will have to be replaced. Motor, electronics and batteries are also to be checked for corrosion. Also check for any irreparable damage on the hull before buying speed boats for sale very carefully as the repair charges can be too much to ignore and create a hassle, even if you win a very cheap bid.
4. Get a surveyor and lawyer on board and attend a preview
Getting inspections done on speed boats for sale is very important before making a bid. Look for salvage boat auctions sites that give you a chance to preview the boat. Keep in mind previewing it just before or near the auction date could be difficult. And even though getting a surveyor and lawyer will cost extra they will give you a good estimate after keeping all the cost of repair, documentation and transportation in mind.
5. Extra Costs
Always keep extra unknown costs in your estimate. Shipping and labor costs are major expenses during and after the sale of the speed boat so make a rough assessment beforehand.
Searching used /salvage speed boats for sale might look daunting at first, but if you do thorough research and get a professional to do inspections, doing it online at salvage auto auction sites can be far better and give you a lot of options while cutting out the middleman. So, register on a reputable auction site and pick a salvage boat for sale in your budget, something that suits your needs.