Do you dream of floating lazily on the sea or ocean on a yacht or fishing during a family outing, but the price of new boats is too high? There is another way to get a boat and make your dream come true without breaking the bank. We are talking about buying salvaged boats at online auctions. There are many advantages to purchasing salvaged boats online, which include saving thousands of dollars and the convenience of not having to go to a physical auction site. Here is more information on salvaged boats and the benefits of buying them from an online auction.
What Is a Salvage Boat?
These are boats that have been recovered or seized by an insurance company after accidents caused by fire, sinking, or extreme weather. The insurance company then assesses the damage to the boat and calculates the repair cost. These boats are regarded as salvaged if the repair costs exceed the market value. However, repaired or minor damaged ships can also be found at online auctions. In addition, auction sites will sell non-repairable boats that can be harvested for spare parts.
For the longest time, these auction sites only entertained licensed dealers and the select few to buy these salvage boats. However, today, platforms like Boat Trader and eBay have enabled the average man to avoid the middleman and purchase salvage boats directly from the sellers.
10 Benefits of Buying a Salvage Boat at An Online Auction
Eliminates the Dealer Margin
When buying a boat from a dealer, there is a pay margin from the total cost that goes to the dealer. The dealer pay margin is the difference between the boat’s original cost and the price the dealer asked for their service. Because of this, you will have to incur additional costs when buying from a dealership. However, buying from an online auction has no dealer margin. If you want a salvage boat, find a trusted online boat auction website and spend your money away.
They Are Cost-Effective
You can purchase a salvaged boat at a fraction of its assessed value, provided on the number of bids for the boat and how high they are. Furthermore, as a buyer, you save money on transport and other expenses that would have been incurred if you attended an in-person auction. Online auctions are an excellent option for people who wish to own boats but cannot afford a new one.
Get Clarity on the Damage
When shopping on a trusted auction website, you can access visual proofs or pictures of the boats from various angles. These pictures will give you a clear condition of the salvage boats being auctioned. This clarifies the boat damage and will help you make an informed purchase decision.
No Shipping Worries
Online auction websites usually rely on shipment services from trusted shipping companies for safe and timely delivery. This means you don’t have to worry about shipping your newly purchased salvage boat.
Spare Parts
Do you own a boat that requires repairs, but the spare parts needed are of astronomical prices? You can find all the boat parts you need for less on an online auction platform. Even when you have to buy the entire boat at full price, you can still use the spare parts you need and keep the rest for future use. Additionally, online auctions will save you the time you will spend calling stores or dealers looking for the spare parts you need.
Transparency
Online salvage boat auctions are more transparent than physical auctions. As a buyer, you can track the bidding history of the boat you are interested in in real-time. This guarantees a fair and transparent auction transaction. The online platforms also display the boat history records, and you can ask questions or request additional information. This type of informed transparency ensures you can make well-informed decisions.
Convenience
Online auctions save you from tracking down independent sellers, shopping dealers, or visiting the marinas trying to find a boat. You can browse the site and bid on items from the comfort of your home without attending a physical auction, especially if you live in a remote area or have a busy schedule. In addition, you can also set up boat alerts to let you know when specific boats are up for auction.
The Online Auction Platforms Are Easy to Use
Online auction platforms have simple interfaces that allow users to search and bid on boats easily and quickly. The platforms offer full-on experiences that include descriptions of the boats, pictures, and shipping services available.
You Will Own It Free and Clear
New boats usually cost tens of thousands of dollars and typically come with monthly payments of $700 or more. With online auctions, you will buy the boat at an affordable price and avoid extra hefty fees.
A Wide Range Selection of Boats
Salvage boats online auctions offer a diverse and extensive range of boats one can choose from. Whether looking for vintage boats or newer-looking models, you will find your preferences within your budget. Luckily, you may also find high-end boat brands on online auctions for much less.
Online Auction Sites to Find Salvage Boats
Here are trusted online auction sites to buy salvage boats.
- ADESA. Here, you will find a wide range of boats, cars, and motorcycles offered by over seventy auction sites throughout North America.
- SCA Auctions. This is a significant insurance online auction site in North America. They offer non-repairable and clean title automotives to choose from and have over 165 locations globally. You can use the site filter options to find salvage boats that tickle your fancy in live and upcoming auction events.
- Richmond Auto Auction. Located in Richmond, this site holds a live online auction every Friday. Here, you will find both cars and boats to bid on.
Conclusion
Buying salvage boats from online auctions is an excellent way to save money. Online boat auctions are a gold mine where you will find an array of boats on sale and available at affordable prices. Visit trusted auction sites with information and pictures that give you a clear insight into what you spend your money on.
