When is the best time to buy a yacht? Every season has its advantages. However, finding a better deal needs an understanding of every season’s perks and pitfalls of buying a boat. Therefore, we provided helpful tips for improving your overall shopping and purchase experience by knowing how seasons affect boat sales.
Spring or Summer?
Ask the seasoned boat owners, and you shall often find yourself listening to the popular opinion that spring and summer are terrible times to buy a boat. Yet, these are the boating seasons. Therefore more people are out there willing to buy a boat, driving demand and, in many cases, lifting prices. Conscious buyers avoid extensive shopping in the spring and summer because of more intense competition for vessels and a larger pool of people shopping for their dream watercraft.
However, there is an advantage to buying during the spring. It allows you to prepare the boat for your new adventure in time. Along with, buying in summer may allow you to enjoy the waters straight away.
What is so Special About the Fall?
Many salespeople will disagree that the fall is a better time for buying a boat than summer because they are making more money in summer. The trick of the trade is that most boat manufacturers start offering discounts between September and late October. With summer demand declining, dealers have to provide incentives for buyers to keep sales going, and buyers find themselves on the winning side in autumn more often.
Like other industries, boat prices tend to fall in autumn and winter. However, do not forget that dealerships are often trying to clear their inventory to prepare for next year’s models, and you are in a position to find good deals at such dealerships.
Be warned, as a general rule of thumb, if the deal sounds too good to be true – it is. Additionally, you can take advantage of the off-season deals by taking advice from an accredited marine surveyor or similar specialist.
Use the winter; it’s a Boat Show Season!
The winter seems a bit odd time to buy a luxury yacht, but many people agree that this is the absolute best time to buy a new boat.
Winter is the season of boat shows. Shows bring together a large selection of the most popular manufactures from across the globe. Exhibitors show off new models and put the latest features on display, so you can look at many boats from different companies wat the same place. Viewing there allows you to explore various models across a variety of ranges for price, size, and style.
The boat-show season starts in December and lasts until the end of March. You can often find rare deals at these events by flying from one expo to another. Dealers in comfortable climates are trying to sell their year-end inventory, and there is a good chance for a quality deal. Valuable boats at US winter shows can be cheaper than in Europe, and it pays off to move it.
As you can see, there is never a terrible time to buy a boat. The best time is when you’re ready for adventure on the water.
How to finance your luxury yacht purchase?
Specialized banks and marine lenders will finance the purchase of your dream vessel via a leasing transaction or a marine mortgage. There are also fractional ownership schemes available for a party of investors without full capital coverage. Oracle Capital Group may help you finance the yacht purchase with a solution tailored to your situation.
Boat Show Calendar 2021-2022
01 DEC 2021 – 03 DEC 2021
MORIAL CONVENTION CENTER, NEW ORLEANS, LOUISIANA, US
22-30 Jan 2022
Messe Düsseldorf, Germany
NEW YORK BOAT SHOW
26 JAN 2022 – 30 JAN 2022
PROGRESSIVE MIAMI INTERNATIONAL BOAT SHOW
16 FEB 2022 – 20 FEB 2022
HERALD PLAZA, SEA ISLE MARINA, ISLAND GARDENS MARINA, MIAMI BEACH CONVENTION CENTER