Tag Archives: boat

How You Can Afford a Boat

Imagine the joy on your kids face when you tell them that they are going for a boat ride.  Remember the times growing up and the fun you had fishing with your Dad.  Think back to that time when you were learning how to water ski.  Realize now that boating is not reserved for the wealthy. You can afford a boat.  Here I will show you how.

Larry Rains from Yacht World recently wrote a brief article on his blog for the marine industry.  He said that dealers and boat builders should put more effort into emphasizing that there is an entry level boat available for any pocket book.  There are indeed several ways for you to get into boating that can fit your budget.

There are hundreds of used boats on the market in your area in the 16 to 20 foot range that can be purchased for a few thousand dollars.  Rigid Inflatable Boats (RIB) made by companies such as Nautica, Novurania and Zodiak are a great option.  An 18 - 20 foot RIB is light enough to trailer behind most vehicles, are extremely safe and seaworthy, and can be stored for a couple hundred dollars a month at a public storage facility if you have no room at home.

The Freedom Boat Club has been around since 1989 and has 45 locations in the USA.  Boat clubs are an affordable alternative to buying and maintaining your own boat.  For a monthly fee you have access to a fleet of boats.  You reserve the boat you want in advance.  You show up at the dock with the kids and the dog and the boat is clean and fueled and waiting for you.  At the end of the day the club staff help you secure the boat and get it ready for the next member.  You simply tie up and walk away.

The marine lending companies have been working hard to keep boat ownership affordable in the current economic climate.  Seacoast, Newcoast, and Sterling among other are offering low interest rates and can help you calculate what you can afford.  They will finance both new and used boats.  A consultation is free and can be done over the phone or by email.

There are even resources online to help you convince a skeptical spouse of the benefits and affordability of getting a boat for the family.  Check out their videos and testimonials at Discover Boating.

Take the dream and make it a reality for 2009.  Introduce your family to a safe and enjoyable lifestyle that they will never forget.  You can relive the joy of boating and the water that you knew when you were growing up.  Offer that joy now to the next generation.

For a free consultation on how you can afford a boat or more information click on the Contact page and send me an email.

Live the dream!

David Tomen CPYB

Fake Hydrostatic Release Units Identified

FAKES: Swedish company Hammar says there are some dangerous counterfeit copies of its Hydrostatic Release Unit, the Hammar H20. The company says to an untrained eye the copy is almost identical to the original product, with Hammar’s logo and address on the labels.

But Hammar says the fakes differ in one very important aspect from the original genuine part – they don’t work.

Hammar says it has tested several of the copies and not a single one of them worked properly according to SOLAS specifications – the fake H20 will definitely not release a liferaft or an EPIRB, says the company. ‘We see this as a very serious situation,’ said Hammar.

Owners can check quickly on whether their products have the correct genuine Hammar part. ‘If you check on the underside of the Hammar H20 (picture 1) you should be able to find five fabrication marks on all units produced since April 2006. The company says units produced before that date have only two fabrication marks.

Hammer 20 ID
Hammer 20 ID

The fabrication mark on the upper side of the unit must always point directly towards the rope (picture 2).

Hammar says the serial number and production date can always be verified by contacting CM Hammar at info@cmhammar.com

Hammar 20 Fabrication Mark location
Hammar 20 Fabrication Mark location

Hammar 20 Hydrostatic Release kits are sold by West Marine here:West Marine
West Marine does a wonderful job of selling quality merchandise and backing it up. To be on the safe side you should check your Hammar 20 unit no matter where you purchased it from. It is not practical for any retailer to closely check each one of the products that they sell for authenticity. The onus is on you to keep your crew safe.

This may affect you and not just the folks in Sweden.  Check the unit on your boat before you do anything else the next time you get onboard.

Be careful out there!

David Tomen CPYB

Boat Show Secrets Revealed

Most people who are shopping for a boat go to a boat show with high expectations. The majority of boat show attendees however leave the show at the end of the day with nothing to show for their efforts but sore feet and a sunburn. The disappointment is as obvious as is the frustration. Boat shows are after all one of the least expensive ways to shop for a boat with the largest selection and the best deals. So what goes wrong?

Let us take the Ft. Lauderdale International Boat Show as an example. This is the largest boat show in the world. This year the show will feature more than 3 billion dollars worth of boats, yachts, superyachts, electronics, engines and thousands of accessories from every major marine manufacturer and builder worldwide. The Boat Show encompasses more than 3 million square feet of space, both on land and in water, at six sites. Surely with this kind of selection available you should be able to find exactly what you are looking for.

This is a short video of the Ft. Lauderdale Boat Show last year.

The boat show that you attend is likely to be on a smaller scale than the one in Ft. Lauderdale. But the challenge is the same. No one has ever taught you how to shop for a boat at a boat show. Attending a boat show without a well thought out plan is likely not going to lead to satisfactory results by the end of the day. Here are some tips to guide you through the day and find the boat you want.

Go to the boat show website several days in advance. This is the link for the Ft. Lauderdale Boat Show here. Most well organized boat shows should have a list of exhibitors somewhere on their site. Search that list for the boats that you want to take a look at and write down where that boat will be at the show. If the location is not listed there should be the name of the dealer with a contact number. Call the dealer and ask how to find them at the show. Get a cellphone number to call in case you get to the show and get lost in the maze of boats that are there.

Arrive at the show when the gates open as the crowds will be thinner than at mid-day. Get the show guide when you enter and locate the boat show map. Find a place to sit for a few minutes and mark the locations on the map where your boats are supposed to be displayed. Make a “You Are Here” mark on the map and plan your day. Failing to do this simple step will certainly lead to the day ending in frustration and disappointment.

Now this is likely to be the most valuable advice I can give you and that is to attend the show with your broker. If you do not have a yacht broker in your employ like you do an accountant and an attorney – get one. Unlike your accountant and your attorney who charge by the hour, yacht brokers do not get paid until a boat is sold. Furthermore, the yacht broker’s commission is paid by the seller. Most boat dealers will accommodate you if you insist on having your broker act as your agent in your purchase.

If the salesperson that meets you on the dock or at the booth in the convention center tells you that they don’t work with outside brokers you need to ask for the sales manager in that exhibit. The sales manager will likely be the owner of that dealership. The dealer is extremely unlikely to lose out on a sale just because you wish to use your broker as your agent in the deal. This will be especially true for every boat show in the United States this season.

Your yacht broker is also the best person to have in tow if you are considering the purchase of a brokerage or previously owned boat. It is a fallacy to think that you will get a better price if you deal directly with the listing broker. The seller is paying a commission whether there is one broker involved in the sale or two. The commission is simply split between two people rather than earned by one. With large numbers involved that are directly associated with your hard earned money this is the time you need to have a professional on your team whom you have grown to trust.

After the purchase of your home, buying a boat will likely be the largest buying decision you have to make. Most people are not born nor are they trained in how to search for or negotiate to buy a boat. Having your yacht broker meet you at the boat show will likely mean that not only do you not have to go through the effort of having to locate the boats you wish to see. You will not likely have to pay for the boat show tickets either or for lunch.

If you need a broker to show you around the Ft. Lauderdale Boat Show please call me (954) 614-1663). If you don’t plan to attend but could use some help at a boat show in your home town and need a yacht broker to help I can refer you to someone locally. Call me (954) 614-1663 or send me an email (david@oasisyachts.com). And I would appreciate it if you left a comment on your experience at a recent boat show in the box below.

Have a great show!

David

(954) 614-1663

How to Find THE Boat

There are 100,000’s of boats for sale in the world right now. In that sea of boats for sale is the ideal boat for you. I am going to show you how to find that boat. THE boat. Your boat. The boat you have been dreaming of but cannot seem to find.

I am a Certified Professional Yacht Broker which you can check out here. I have been helping people find the right boat since 1989. With this information you can empower yourself and finally end that frustrating hunt for the ideal boat. In future articles you will learn how to buy the boat and get it home. And then the fun begins!

Clearly the most obvious way to begin your search is using the Internet. Not many people read the classifieds in the papers and magazines anymore. The beauty of an Internet search is that you have access to information about practically every recreational boat that is for sale in the world while sitting in front of your computer screen. And it’s free!

Start your search with the largest Multiple Listing Services (MLS). Most of the time, you can search without registering or giving anyone your contact information. You have access to much of the same listing information as do yacht brokers.

Yacht Council is a multiple listing service that was launched by the International Yacht Council several years ago. You can find them here. This site was started by and is still owned by yacht brokers from all over the world. On Yacht Council you can be reasonably sure that the information on each boat is up to date and is actually for sale. The brokers that subscribe to this service adhere to a strict code of ethics and we keep each other accountable to keep this site the most professional listing service for yachts on the Internet. You can also find information on yacht transport, insurance and financing on this site.

Yacht World has the most boats listed in one place and is a good place to start especially if you are looking for a boat in the USA. On the left side of the front page is the Boat Search box. Click on Advanced Search at the bottom of that box. Be as specific as you can in filling out the fields and click on the region or country where you are interested in searching. Narrowing down the specific geographic area helps to keep the number of boats returned in your search results to a manageable level. Most yacht brokerage houses list their boats on Yacht World. Paid subscribers to the service have access to Sold Boat Reports, statistics and other terrific stuff. But unless you are a yacht broker you simply have access to the photos and descriptions of boats offered for sale.

Yacht World was bought by Trader Publications a few years ago. You may know that company through their Boat Trader, RV Trader, and Auto Trader magazines you find in the corner convenience store. Trader Publications also has their own online boat listing service called Boat Trader Online. You can access them here. Be aware that most of the boats listed on Boat Trader are also listed on Yacht World. Boat Trader used to be a For Sale by Owner site that has since been taken over by yacht brokers. You can still find some For Sale by Owner boats there but not many.

Those are the top three best places to start your boat search. Those sites are also used by yacht brokers when they are perusing boats for sale for their clients. A Google search will turn up several other listing services. Take it from a Certified Professional Yacht Broker (me!) that those are the only sites that I use and in the order listed at the beginning of this article.

In my next article you will learn how to get more information about the yacht in which you are interested. I have empowered you now to find the perfect boat for you and your family or business.

See you on the dock!

David

Attracting Overseas Boat Buyers

I mentioned in my last post that all of the boats that I have sold in the last 10 months have been to people outside of the United States. Everyday there is a story proving that you are not the only one experiencing this lack of American boat buyers. A story late last week about the boat show in Tacoma, WA focused on the number of foreign attendees on the dock looking for bargains.

It is an understatement to say that you have your work cut out for you if you live in the USA and have a boat for sale. This is indeed a buyers market. The chances are slim that your boat will sell quickly. Even if you have a popular model that is clean and has been extremely well maintained chances are she is still at your dock.

You have another option. Advertise your boat offshore and attempt to attract the attention of the boat shopper overseas who is looking for your model of boat. How do you do that? It is unlikely that you personally have the marketing expertise or connections to target that foreign market. You need to find someone who has tapped into that market, knows where to advertise and understands what steps are necessary to get that buyer to fly in to take a look at your boat. You only have a couple of viable options.

Doing it yourself by taking out an ad on Boat Trader Online or one of the other For Sale By Owner listing services is unlikely to yield any results any time soon. I deal with boats and boat owners everyday and am amazed at the number of people even in America who do not have a clue where to go online when shopping for a boat. Do not expect that guy hunched over his PC in Greece to find your Sea Ray in Erie, PA.

The chances of your boat being viewed online and brought to the attention of overseas buyers rises dramatically when you hand over that responsibility to someone who is already familiar with those markets and has a proven track record in attracting offshore boat buyers to the United States.

Your best option is to search for a yacht broker based in the USA who is familiar with and has listings similar to your model of boat. Check that brokerage out on www.YachtWorld.com or www.YachtCouncil.com.

Check to see if they have any boats listed overseas. Determine who the broker is on that brokerage team who has the most overseas expertise and call them. Tell him that you are frustrated with the lack of inquiries on your boat and that you wish to sell her to someone outside the country. Check out three or four brokers with similar experience until you find one that you trust and have an easy rapport. Verify that they are a Certified Professional Yacht Broker. You can verify that by going to www.cpyb.net.  There are around 450 in this country. You may even have to talk to professional brokers who may not be from your hometown.

Feel free to contact me with any questions.

Have a splendid weekend and see you next week!

Cheers,

David

(954) 614-1663