Craigslist Boats For Sale Chicago (2024)

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Experts predict that new boat prices will remain high in 2024, due to various contributing factors. New boat prices increased by 10% on average in 2022 and are forecast to rise another 2-5% in 2023.

That being said, October and November still see a greater number of completed sales than in December and January on average. If you want to take advantage of the fall selling season, it's important to start the process now so that your yacht brokerage firm has the time to prepare the listing for the public.

In 2023, Florida was the U.S. state with the highest number of registered recreational boating vessels at over 922 thousand.

While fall may be the best time to buy a new or used boat, the winter months signify the boating offseason, which means the boating market slows down and there is a decrease in boat prices. Private sellers may not want to pay to store their watercraft in the winter, and boat shows are offering incentives to buy.

In the case of a new boat, terms may seem less negotiable. But you can lower the price by avoiding extra features, warranties, and prepaid maintenance plans, which can drastically increase costs. Even if you're eager to get out on the water, don't rush and spend more than you need to.

The depreciation curve is particularly steep in the initial years of ownership, with some boats losing up to half their value within the first five years. However, assuming the boat is well-maintained, value retention tends to improve, and the rate of depreciation generally slows down after this period.

RAD NAV APP

It's like Google maps for boaters. Plan routes, mark your fishing spots and return to the dock in one piece.

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There is a company called boathistoryreport.com that is very similar to carfax but for boats. They provide you with a history report (their "carfax") and it contains information like if the boat was in an accident, salvaged, damaged in a hurricane and several other features.