Buying a Used Boat
This handy guide will provide you with the essential
questions that you should be asking the vendor when purchasing a
used boat - print this page out and take it with
- Is the brokerage a member of an association that requires its
members to adhere to a code of practice? For example the BMF, BRBA
- Does the brokerage operate a properly administered designated
client account, and will your monies be kept in this account during
the brokerage transaction?
- Is there marine finance on the boat? If so, what are the
detailed arrangements for payment and discharge of it prior to
- What title documentation will be provided eg Part 1
Registration, Boat Builders Certificate, Bill of Sale, RCD
compliance, proof of VAT-paid status. Can you view these documents
in advance of completion?
- At what stage do you become responsible for the boat and liable
for the payment of insurance and mooring fees?
- What are the arrangements for completion eg payment of monies,
handover of keys and title documentation?
- Is the brokerage using an approved standard contract such as
the standard BMF/ABYA agreements?
- Is the contract subject to sea trial and survey? – this is
strongly recommended in all used boat purchases.
- Does the contract contain a specification or inventory?
- Will the brokerage arrange for a transfer of the registration
to your name?
- Can the broker suggest any qualifications / training
that you can embark on?
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Once you have mastered the basics, why not invest in your own
> See Full Boating Directory
All the companies contained in the directories above
are BMF members - why is this