Why it may be a good time to buy a boat
The current economy has deterred people from even looking at boats. But, as is proven by history (remember the 70′s ?), this will all turn around – some predict after the upcoming election and others predict after fuel prices have plateaued once again. But nonetheless, it will turn around, albeit not as strong as it has been for the past few years. If you decide to wait for a strong economy, you may be waiting for a very long time, so why should you not wait for the resurgence of a strong economy before buying?
- The pool of “bidders” on boats have diminished to actual interested parties and has eliminated “tire-kickers” who seem to drive prices up by making low ball offers.
- Sellers have adjusted their prices to allow for the current economic instability. When things start breaking free, they will readjust to that condition.
- Many Sellers have gone the “extra mile” on cosmetics hoping to increase the saleability of their boats, giving the buyer more bang for the buck.
- It is a buyer’s market right now – meaning there are more boats for sale than there are buyers
- Interest rates are still fairly low, but are on the rise again
- If you want to upgrade any systems on the boat, many service yards are able to offer better pricing during this slow time
If you have the cash, the time could not be better to buy. On the other hand, if you have to sell your own boat or are looking to trade it in, you can expect the same problems that current sellers are having.Картини
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