Buying or selling a boat: What you need to know

© Adobe Stock    

It’s never too early to get ready for the new season…

You want to buy or resell your personal boat this year, but you don’t know the steps to take? Don’t know how to comply with the regulatory requirements? What are the formalities for transferring your pleasure craft license? There are many questions surrounding the acquisition of a boat.

Here are some tips to help you stay on course.

What to do first?

The sale and purchase of a boat between individuals require the buyer and seller to complete various formalities.

First, before selling or purchasing your property, it is recommended that you have a professional appraisal completed by a dealer or a marina to ensure that you are selling or buying it at the right price. It is very likely that the value of your boat has increased due to inflation.

To continue reading,
log in to your Member Space