There comes a moment in every boat owner’s life when it’s time to consider selling their vessel. It can be an emotional decision, chock-full of nostalgia, remembering all the enjoyment aboard and the dreams that the boat represents, but don’t let this cloud your judgement. Here are four signs that indicate it’s time to move on from your current watercraft.
- You don’t use your boat very much.
When you first purchased the boat, maybe you spent a lot of your leisure time cruising on a regular basis but now other things in life have taken priority. This is a tough truth to swallow because you still may be hoping to start using your boat more frequently in the future but it’s important to take an honest look. Typically, there are more people who regret NOT selling soon enough than regret selling their boat too early.
- You’re Relocating.
Yachting or sailing is most accessible to those that live close to the ocean. If you’ll be moving away from the coast, the longer trip to the marina will likely result in less usage.
- Maintenance is Too Costly
Boats are luxury possessions and can cost a pretty penny to maintain. It’s critical that maintenance is regularly performed to preserve the vessel’s value. Even if you can do a few tasks yourself which takes time and energy, you’ll still need to hire professionals for essential tasks to keep the boat in great condition. In addition to the cost of fuel, dockage, boat insurance, equipment and accessories, the costs add up.
- You Need Liquidity
Selling your boat can be a great way to free up a large sum of cash to fuel your next venture or investments.
If you are considering putting your boat on the market, JFA Yacht & Ship is ready to support you to ensure you will get the highest possible return.