top of page

Selling a boat

Prepare your boat for sale

Before posting the listing:

  • Clean the hull, deck, seats, cabin, and engine compartment.

  • Remove clutter and personal belongings.

  • Test the engine, electronics, lights, bilge pump, and other equipment.

  • Gather maintenance records, engine hours, manuals, trailer information, and title documents.

  • Be upfront about mechanical problems, damage, or repairs needed.

You don't necessarily need to spend much on repairs. Focus on inexpensive improvements that make the boat look cared for.

Set the right asking price

Research comparable boats in your city such as Bonita Springs or  Fort Lauderdale with the same make, model, year, length, engine, and similar condition. Compare asking prices, and remember that asking prices aren't necessarily actual sale prices. Boat Trader also offers a pricing tool for sellers.

Boat Trader Blog

+1

  • Decide the lowest price you are willing to accept.

  • Leave some room for reasonable negotiation.

  • Price based on condition, engine hours, service history, and included equipment.

  • If you aren't getting serious inquiries after a couple of weeks, reconsider the price and photos

  •  

  • Take photos that help sell the boat

8

Take 10–20 clear photos if your listing allows it:

  • Full boat from both sides and the front.

  • Helm, gauges, electronics, seats, and deck.

  • Engine and engine hours.

  • Cabin, storage areas, and trailer, if included.

  • Any cosmetic damage buyers should know about.

A short video showing the boat, a cold start, and the engine running can help serious buyers evaluate it. Only demonstrate the engine in a safe, appropriate setting.

Write a listing buyers can trust

Here's a template you can copy and customize.

Writing

[Year] [Make] [Model] — [Length] ft — $[Asking Price]

For sale: my [year, make, and model] boat, located in [city, state].

  • Length: [feet]

  • Engine: [make, model, horsepower]

  • Engine hours: [hours]

  • Condition: [excellent, good, fair, or needs work]

  • Features: [electronics, GPS, trolling motor, seating, etc.]

  • Trailer: [included/not included; details]

  • Maintenance: [recent service and maintenance history]

  • Known issues: [honest description]

  • Title: [title status, as applicable]

The boat is available for inspection by appointment. Serious buyers are welcome to arrange a viewing and discuss a sea trial, weather and safety permitting.

Asking $[price]. Reasonable offers considered after inspection.

Message me for additional photos, details, or to schedule a viewing.

 Protect yourself from scams

  • Never accept an overpayment and send the difference back.

  • Avoid buyers who insist on unusual payment arrangements, shipping agents, or verification codes sent to your phone.

  • Don't rely on a screenshot of a payment or an emailed payment confirmation. Verify cleared funds directly with your financial institution.

  • For a high-value boat, consider completing the transaction through a bank or reputable marine closing service.

  • Verify the buyer's identity and document the sale. Arrange inspections and sea trials with appropriate safety precautions.

Complete the sale and paperwork

Use a written bill of sale, resolve any outstanding loan or lien, and properly transfer the title and registration according to your state's requirements.

If you're selling in Florida, the state says sellers must notify the Department of Highway Safety and Motor Vehicles within 30 days of the sale. A bill of sale alone does not replace the required title transfer for a titled vessel

A boat loan works much like a car loan: a lender gives you money to buy the boat, and you repay it over time with interest.

Here's how it typically works in cities in S Florida like Miami, Fort Lauderdale, Fort Meters and more

  • Down payment: Usually 10–20% of the boat's purchase price, though some lenders finance up to 100% for well-qualified borrowers.

  • Loan amount: The lender pays the seller, and you repay the lender.

  • Loan term: Typically 2 to 20 years. Larger, more expensive boats often qualify for longer terms.

  • Interest rate: Depends on your credit score, income, loan amount, loan term, and whether the boat is new or used.

  • Collateral: The boat usually serves as collateral. If you stop making payments, the lender can repossess it.

Example

Suppose you buy a boat for $50,000 in Mimi

  • Down payment: $10,000 (20%)

  • Loan: $40,000

  • Interest rate: 7%

  • Term: 10 years (120 months)

Your monthly payment would be about $465, and you'd pay about $15,800 in interest over the life of the loan.

What lenders look for

Most lenders consider:

  • Your credit score (higher scores generally qualify for lower rates)

  • Your income and debt-to-income ratio

  • Employment history

  • The age and value of the boat

Additional costs to budget for

Owning a boat involves more than the loan payment:

  • Insurance

  • Registration and taxes

  • Fuel

  • Maintenance and repairs

  • Storage, marina slip, or winterization (if applicable)

Can you get pre-approved?

Yes. Many banks, credit unions, and marine lenders offer pre-approval, which tells you how much you can borrow before you shop.

If you're thinking about buying, I can also estimate your monthly payment. Just tell me:

  • The boat price

  • Your expected down payment

  • Your credit score (or a range like "700–750")

  • The loan term you're considering (e.g., 10, 15, or 20 years)

bg.gif
bla.png

Get the Best Rates      

bottom of page