Deposits & Trade
 
Deposits
Most brokers and dealers require a 10% cash payment on a used Gulet but a nominal deposit is enough to get the dealer to write a contract. Often, the deposit is placed in an escrow account, but this is less common with private party sales.
The seller may have a right to keep all or a portion of the deposit if the buyer backs out of the deal without cause. As a buyer, you should include as many contingencies as necessary to protect your interests, including satisfactory survey and sea trial, clear title, and ability to obtain financing and insurance. On new boats, a written delivery date is crucial.

Trade-Ins
Dealers are often willing to apply the value of trade-in boats against the cost of a new boat, but be aware that you will probably not get top dollar on the price, since dealers stick close to the maxim “buy low, sell high.” In addition, dealers may scrutinize your old boat far more critically than a private buyer, since part of their profit margin will be based on how easy a trade-in boat is to sell.

With this in mind, have your boat in top condition when you bring it to the dealer.

In some states, a benefit of a trade-in arrangement is that you pay sales tax only on the price of the new boat, less the amount of the trade-in. Check with your state’s boat registration agency.


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We would like to take this opportunity to announce that AN852 is recently sold.
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Highlights & News
2017 Düsseldorf Boat Show
New: THE WAVE – the first Standing Deep Water Wave.
Excursion into the world of super yachts.
New: boot INTERIOR presents furnishings for the luxury segment.
Sailing sports in Halls 14 to 17 with over 360 exhibitors.
To the tune of 1,800 exhibitors from 60 countries in 17 exhibition halls.