What Factors Can Affect the Value of Used Boats?


Quick Answer

The size, age, and make and model of a boat generally determine its possible price range, but the boat's condition can cause the price to vary dramatically as well. Marine surveyors specialize in inspecting boats and determining their conditions.

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Full Answer

Condition and value surveys cover the hull and structure of the boat, and, because structural issues can make a boat dangerous, buyers often require this survey before purchasing a boat. Insurance companies and lenders typically require these surveys as well. Engine surveys for powered boats and rigging surveys for sailboats also help determine the value of a boat; specialized experts sometimes perform these surveys separate from the condition and value survey.

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