Trade In Your Used Boat And Get A New Boat Today
How would you like a new boat today? What what do you do with your old boat? You can try to sell it on your own but that is going to take time. Better yet, trade your boat with us and get money towards a new boat. Trading your boat in with us allows you to forget about your old boat and start fresh with a new one. We are able to take most boats in on trade as long as they are complete.
We also offer a Cash4Boats service where we buy your boat out right. On average we take in anywhere from 5-10 boats through this program a month. You can visit cash4boats.com directly for more details on this service.
The Benefits Of Trading Vs Selling
Arguably the biggest benefit of trading your boat in is that once you sign the paperwork, its off your hands. The dealer takes care of everythingthe cleaning, the storage, the listing, transportation, and, most importantlythe customers. All you have to do is sit back and wait.
In some states, theres also a sales tax benefit. This means that the sales tax on your new boat may be reduced by your boat trade-in value and the sales tax on the said trade-in. You can find out by checking with your local state registration agency.
Got The Price Now What
Of course, you can park the boat in the driveway and hang a For Sale sign on it. These days, there are more effective ways that connect you directly with prospective buyers. Just like anything else, you can sell your boat online. Popular online marketplaces include boats.com, Boat Trader and BoatTEST.com. Before creating your listing, take plenty of pictures, and not just of the boat on its trailer or in a boat slip. Photos of your picture-perfect day on the water with family and friends can captivate the imagination of buyers, who might just see themselves in your boat.
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How To Trade In Your Boat:
The first step is to determine what boat you want to buy next.Contact your local dealer and have them show you different options. Consider how you have used your current boat and how you intend to use the next one. Make sure your broker listens more than he or she talks!
Once youve decided on a particular model, ask your dealer to provide you with a trade-in valuation for your current boat. Every boat deal is different, and the process can vary by dealership, but typically the dealership will either pay for your boats survey or they will split the expense with you. Either way, they are going to want to have some provision in place that shows you are serious, most commonly a refundable deposit for the new boat or a provisional purchase contract.
It is a good idea to clean and detail your boat as best as possible before the dealer sees it. A little effort can go a long way when trying to increase curb appeal. Make sure the bilge is clean and dry, the lines are coiled, the heads are inviting, the beds are made.
Take Advantage Of New Boats In Stock By Trading In Your Old Boat With Denison Yachting
Demand for late-model used boats is exceeding supply, which means you can get more for your trade-in than in years past. The process isnt as daunting as you may think. Its actually quite simple when you trade in your used boat with Denison Yachting. Well offer you the best trade-in numbers for your used boat, in exchange for one of our new boat models. Ready to get started? Heres how to trade in your used boat.
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How Much Does It Cost For Boat Consignment
How much does it cost to consign a boat? It costs 10% of the boat price for the boat consignment fee. This fee may vary from location to location, and often it is 10% or a flat fee minimum if the boat sales price is not high enough. Expect to pay a minimum fee of $500 for boat consignment.
Typically, boat consignment costs nothing upfront. Once your boat is sold, the dealer has earned their 10% commission for selling the boat.
Also, the dealer only makes money if they sell the boat. If they cannot find a buyer for your boat you can cancel your contract and pick up your boat at any time.
*With this said, be sure to read the fine print of the boat consignment agreement.
Why Do Sellers Choose Us As Their Used Boat Dealer
- We specialize in selling pre-owned boats.
- We may even purchase your boat immediately!
- We welcome trades if youd like to trade your boat!
- We provide a comprehensive price analysis that will maximize your profit and decrease the length of time your boat is on
- the market.
- We sell boats worldwide and are one of the biggest used boat dealers in SC.
- We advertise in the top print and international online boat sales publications.
- We complete a certified pre-owned inspection that increases buyer confidence in your boat.
- We manage any service work needed on your boat.
- We have on-site sales staff available 6 days a week.
- We keep your boat in show-ready condition.
- We make the sale fast and easy with our turnkey process from listings to the sea trial and sale!
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Tax Savings From Trading In A Boat
If you elect to trade in your old boat to a dealer as part of the purchase of a new boat it could save you some money on taxes.
In states with a sales tax, you often only pay sales tax on the new boat price minus the value of your old boat trade-in.
Here is how the tax math looks in numbers
Old boat = $20,000 Trade-In Value
In this scenario, you only have to pay sales tax on the difference between the purchase price and the trade-in value . This means you only pay taxes on $30,000!
Assuming a sales tax of 5%, you would have sales tax of $1,500 due at closing.
If you sell your old boat to a private party, and then turn around and buy a new boat from a dealer, the dealer will have to charge you sales tax on the full purchase price.
Using the example we used above, buying the new boat without a trade-in could result in a tax bill of $2,500! Thats a full $1,000 more than trading in the boat.
Taxes should not be the deciding factor on whether or not to trade in your boat, but you should at least be aware of the difference.
*Check with your CPA to verify the tax costs or benefits to trading or selling your boat based on your personal state and federal tax situation.
After reading this, you may be convinced you want to trade in your old boat to the dealer to keep things simple. There is a catch
Find The Right Surveyor
Your dealer usually has a surveyor who appraises your boats value, but a second opinion doesnt hurt. Youll want someone to survey your engine, deck, hull, and general condition. With the engine, an oil sample analysis should be taken. This wont increase the value of your boat, but it will help you get an idea of how much your boat is worthincase your dealer tries to pull a fast one on you.
Having your boat surveyed may also help to uncover any cosmetic or mechanical damages that you were unaware of.
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How To Trade A Boat For A New Car
Some dealerships will trade for just about anything of value to sell a new car. Locating one of these dealers may prove challenging at first, but it can be done. Boat financing is very similar to car financing, so before you contact a dealer, you should have a title free of liens or your boat’s payoff amount if you still have a loan. Know how to find a dealer to accept your boat as a trade and what information you’ll need.
Read your title over to make sure there is no lien holder, or bank name, listed on it. If there is one on the title and the loan has been satisfied, have your lien release, or official statement of payoff, from the bank to include with your title.
Go to the manufacturer’s main website for the new car you want and choose the “locate dealers” option. Enter your ZIP code and search radius. Decide how far you’d go to get your new car and trade your boat — the more dealers you contact the better your chances are of finding a dealership to do the trade.
Print out your search results and start calling dealerships. Ask to speak directly to the sales manager and explain your intentions. Some dealers cannot take a boat on trade as they are not set up to sell or transport boats.
Arrive at your appointment on time or go to the dealership once you have worked out a value through e-mail. . Bring your title and lien release or payoff information with you.
We Offer Great Boat Trade In Value Opportunities In Colorado
Have you recently purchased your boat? Have you rarely used your vessel? Or, have you squeezed as much use out of it as possible? Regardless of the wear and tear, you can always contact us or visit our dealership and discuss your options to trade in your boat with our team. As a choice boat trade dealer, current boat owners in Colorado looking to upgrade their current vessel can find their next dream machine. Our team and in-house mechanics will assess and provide you a quick offer for your boats.
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Q: Is There A Difference Between Trading In My Boat And Selling It With A Broker
A: Denison makes the process of trading in your boat simple and easy. After we give you a fair price for your used boat, well take ownership of it and manage the sale. When you trade in a used boat with Denison, youll be relieved of expenses such as transportation, insurance, crew, and dockage fees that might accompany owning two boats at once while youre trying to sell one with a broker.
Trade In And Buy All In The Same Place
No matter which you decide, you can trade in your boat and buy new all at the same placeyour nearest Bass Pro Shops/Cabelas Boating Center, where there are more than 130 locations.
Stop by any of the Boating Centers to learn more about their simple process for quickly providing you a good faith trade in value using pictures and information you provide about your boat. A whole team of outfitters with years of experience in the pre-owned market will use national and local resources to determine your boats value, making this key factor in your new boat purchase process stress free.
What makes a trade-in or purchase most appealing is having more boats from which to choose, all designed and built by White River Marine Group, the worlds largest manufacturer of recreational boats.
From pontoons for partying and runabouts for watersports to fishing boats for freshwater and saltwater, there is a boat for virtually every need and budget. Bass Pro Shops/Cabelas Boating Center sells some of the most trusted and popular brands on the waterTRACKER®, NITRO®, MAKO®, SUN TRACKER®, REGENCY® and TAHOE®. You will not find a broader selection anywhere else.
You can even take advantage of in-house financing through White River Financial Services. You can also get competitive financing for new and pre-owned boats and even Premier Protection Plans®.
FIND YOUR NEAREST BASS PRO SHOPS/CABELA’S BOATING CENTER
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Looking To Get A Value For Your Boat
At Sovereign Yacht Sales we are aggressive about selling boats.
We have a team of seasoned yacht brokers with many decades of experience, and have earned a reputation throughout South Florida as a trusted resource for top-quality new and used vessels of all sizes.
Why should you list your boat with Sovereign?DIGITAL MARKETINGSovereign will showcase your listing aggressively using our targeted marketing strategies on Google ads, the industry’s top websites and email marketing.SOCIAL MEDIA MARKETINGSovereign will advertise your listing on our , , and channels. We know how important social media is and we will make sure your listing gets in front of the right buyer with our paid social media marketing.PROFESSIONAL PHOTOGRAPHYSovereign studies the latest and most effective marketing methods. We know 72% of buyers would rather video vs scrolling through photos.We have a professional videographer that will take photos, video and drone footage of your boat.EMAIL MARKETINGSovereign will promote your listing to our growing database of boaters. The next targeted email we send out can be a potential buyer for your boat.BOAT SHOWSSovereign attends every major boat show in Florida. Miami, Ft. Lauderdale and Palm Beach Boat Show to name a few.As an authorized dealer for Regulator, Carver, Contender, and , we will be there representing Sovereign Yacht Sales.
Q: What Are The Benefits Of Trading In My Boat
A: Mainly that youll be out enjoying your new yacht faster. You can skip the process of managing of potential buyers, sea trials, and surveys, giving you more time to enjoy life aboard your new yacht.
As an added bonus, there may be sales tax advantages to trading in your used boat as part of the purchase of a new boat. For example, if the new boat is $70,000 and the old boats trade-in value is $30,000, then you only pay taxes on $40,000. If the sales tax is 5%, then you would have a sales tax of $2,000 at closing. Local tax laws do vary, so check with a Denison broker for details applicable to your state.
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Have A Boat To Sell Or Trade
If youd like to sell your boat quickly, Rogue Motion is the place to go. Our new and used boat dealership in Charleston, SC, is the best way to sell your boat. Submit your boat for a no obligation SELL IT NOW offer. Pending a visual inspection by one of our trained associates, you will receive a written offer good for seven days. Choose the fast track or opt to maximize your profit and list your boat for sale with us at our used boat dealership! Contact us below to get a free no obligation retail appraisal of your boat.
Would you like to trade a boat instead? Rogue Motion accepts trade-ins on inventory boats. Whatever option you choose, our simple turnkey process will have your boat moving in no time.
We Buy Boats Immediate Cash Purchase
When selling your boat quickly is your priority, selling your boat to us is your best option. We buy boats everyday! The benefits are:
- No cost to you for this service.
- On the spot same day payment.
- We will pay off your loan.
- No detailing and repair bills to pay.
- In most cases your boat MUST be less than 7 years old and locally popular.
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Nah Ill Just Trade It In
Trading in your boat is a logical option if you want to sell it sooner than later. The upside is the dealership does all the work for you, from handling all the title exchanging and other paperwork, to setting the trade-in payment to you. Before you accept an offer, do the homework by using the same resources used by the dealer. Do the online research of comparable boats for sale, and then find the estimated trade-in and average retail value from the NADA, which stands for National Automobile Dealers Association. Its basically a car and boat trade-in value guide, where you can find listings for a comparable model. That gives you some inside knowledge when it comes time to negotiate the price.
Choice Boat Trade Dealer In Colorado To Sell Your Boat
Island Lake Marine & Sports has been offering new and used boats to Colorado residents for well over two decades. We pride ourselves on being a choice family owned and operated boat trade dealer. If you are looking to sell your boat, we can provide that opportunity along with the additional equipment needed by boat owners. We can quickly and adequately assess your vessel with our in-house mechanic to save you time and present you with an offer swiftly. We will accept a variety of boats designed for many uses.
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We Make Selling Your Used Boat On Consignment Easy And Safe
For over 30 years, we have offered a fantastic consignment / brokerage program that gets results! Boat Consignment is a great option for those interested in selling their boat easily and for more. The benefits to selling on consignment is:
- FREE valuation appraisal.
- Higher price paid for your boat.
- We aggressively advertise your boat on over 20 websites worldwide.
- No dealer fees to seller.
- We handle all negotiations, closing paperwork and titling.
- We guarantee funds.
- We keep your boat looking great.
- We store your boat at one of our dealerships.*
- We accept trade ins on consignments.
- We offer great financing terms on consignment boats.
- We DO NOT sea trial your boat until it is sold and paid for.
- We have 3 Florida locations with 15 sales professionals working 7 days a week to sell your boat.
- In most cases your boat MUST be less than 12 years old and locally popular.
Consignment Program Details
- Consignment fee is a portion of the overall sales price paid by the buyerNOT YOU THE SELLER.
- $149 per engine Our service department charges a survey fee which is well under the $750 to $1500 a surveyor would charge. For this we perform a complete mechanical, electrical and structural survey on your boat. This allows us to reassure a buyer that the vessel is a great opportunity and will be advertised as Certified Pre-Owned.