How Do You Negotiate The Price For A Yacht?
Finding the perfect yacht can take months, even years. Once you find it, you must figure out exactly how to negotiate a price that’s appropriate for the vessel. There are many things to consider when negotiating the price for a yacht, but in the end it will be well worth the time and effort. Negotiating a good price for a yacht may be quite difficult, but it’s nowhere near impossible. Step 1 Look up the blue book pricing on the yacht of your choice with NADA Guides online. You can also check a web-based boat value directory like BUCValu (see Resources). Estimate the cost of maintaining any extra amenities like cabins and toilets. Add to that an estimate cost of gas, depending on the size of the boat and engine, to figure out a realistic overall cost for the yacht. Step 2 Get pre-approved by a lender for a marine loan, a free service. Lenders will take a look at your debt to income ratio, which should be below 35 percent. Only use a marine lender, not a bank, because most banks don’t un
