Before buying a used boat or yacht

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Questions to ask before buying a used boat or yacht





106 due diligence questions.


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Top 10 questions

  1. Have you been in contact with engine manufacturer experts?
  2. Is this the Sellerís first boat?
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About you

  1. How long do you plan on owning the vessel?
  2. Are you represented by a broker?
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The seller and it's broker

  1. Are you dealing with the seller directly?
  2. Is the seller using a broker? If yes:
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Manufacturer

  1. Which brand is the vessel?
  2. Is the manufacturer bankrupt or has it ever been?
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The vessel

  1. If you were to play devilís advocate, what are the negative things about this particular vessel you are looking to buy?
  2. Does the vessel need any special equipment for your climate?
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Financials

  1. Does the seller have an operating budget to show?
  2. How much is berthing costing?
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Maintenance and service

  1. Have the boat had all is required maintenance?
  2. When were the engines last serviced?
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The contract

  1. What items will Seller guarantee in the contract?
  2. Are there any time limits to be aware of?
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Other questions

  1. Is this a non-smoker vessel?
  2. Do you need special approval to use the vessel in your waters?
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