How to Price Out a Boat Properly and Fairly - Online Boat Auctions Asia

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Wednesday, May 2, 2018

How to Price Out a Boat Properly and Fairly


Price Out a Boat Properly and Fairly: As the saying goes, “Money makes the world go round”. Well in this case, price (and awareness) is what will make your boat sail off into the sunset. It’s a tricky predicament when pricing your boat: ask too much and you won’t have many people interested but if you ask too little then buyers will wonder if there is something wrong with it!
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An essential part of pricing is doing your research properly to find out what is available in the market. Online research is very effective as you are exposed to a large number of vessels worldwide, however a more local approach is also necessary so best to talk to Boat brokers, Boat Dealers Singapore and your yachty friends in the marina to evaluate a fair price.
Most importantly, make sure you are dealing with a comparative boat that is the same model, year, brand and so forth; compare apples with apples. Once you have a vessel with similar specifications then the only real difference is the option choice: additional equipment added, upgrades and maintenance. A ballpark figure of these upgrades can be added to essentially give you an overall fair price for your vessel.

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