Can we trade in a 5 year old boat for a newer smaller one?

Question

My husband paid off his boat but he wants something smaller now. He would like to pay for it by trading his bigger boat in to a dealer--leaving him without a payment. Is that ever a possibility? Has anyone ever done something like that?

Answer 1

No, I don't think so.  The dealer would not be making any money on such a deal, and that is why the dealer is in business - to make money.  Look at it this way - the only way the dealer would do it is if it is a really good deal for him, and how likely is that?  The dealer wants deals where he gets money in exchange for his new boat, not a much older boat in return for a new one.

Answer 2

Be a dealer yourself and post it on www.boatsandoutboards.com,This brilliant web site is absolutely free for mr private seller, If your boat is desirable clean and tidy and priced fairly by yourself you will have no problem selling, you may even spot something you fancy on the same website totally cutting out mr dealer oh, oh, (they hate it).

Be aware if you do buy private or from a dealer, don`t part with any cash until you yourself are absolutely satisfied with the condition, look out for freshly painted hulls Why paint fibreglass (something to hide) unless of course its anti foul, If the boat is on a trailer crawl underneath and thou rally inspect the bottom, if its equip ed with an outboard or an inboard engine insist on seeing it running in the water ask before if you can feel the engine cylinder head area to see if its been warmed up,be aware if it has? a pre- warmed up engine starts much easier, here`s hoping you get what you want.

Answer 3

Most likely this will probably not happen depending what boat is being traded for the dealer will probably try and stick you with a bunch of bogus fibs to trade and you will still get stuck with a boat payment and plus boats loose about 40% of value the first year alone then 5 to 10% then after

Answer 4

First off their is no winning when it comes to Boat,s, as soon as you buy it you've lost 25% of its value, so trading up is not an option, Id sell it to an individual then take the proseeds and buy the one you like, Payments and all.

I Know you dond like these answers but its just the way it is.

Sorry

Answer 5

sure but you can probably come out better to sell your boat to an individual the dealer will take it in trade , but unless it is a sought  after boat he is going to offer you less trade in.

Answer 6

People trade boats in all the time, but , I wouldn't count on even up.  The dealer will make you an offer and you will be disappointed at the amount.  Without knowing the specifics it's hard to guess from here.  You will take the attitude your boat is 5 years new and the dealer will tell you it's 5 years old.

Answer 7

Yeah , what the first answerer said. If they do you a deal , it will be heavily in their favour. You would lose a lot less money or maybe even come out a bit ahead if you sold your boat privately and then bought another privately or at least turned up at the boat yard with cash.

Answer 8

just like car dealers,they will do a deal with you,but they will most likely cheat you and offer far less than its true value,probably get a better figure selling private,

Answer 9

We had a friend who sold his Sea Otter boat on e-Bay; he said he got a very fair market price for it.

You could try an advert in the back of a boating magazine - it's a bit like selling a car, you can often get more by selling privately unless a dealer wants to get shot of something.

Answer 10

I honestly have no idea maybe just sell the boat locally and buy a new one somewhere!

Answer 11

Tina, have him post his wants for trade on boattrader.com

He may be able to trade for what he wants.

Remember, smaller boats are cramped

Good luck

Answer 12

Quick!  Get your husband to the emergency room NOW!  No sane, healthy red-blooded American man EVER wanted a SMALLER boat!