Buying a boat from a private seller can have an upside and with such a vast used boat market, it is a source not to be overlooked. But greater caution and consideration is required when compared with buying through an accredited boat broker or dealer.

Price is one of the biggest benefits to buying privately as it effectively cuts out any possible broker commission so the seller can offer a better price.

Private sellers are often keen to sell, presenting an ideal negotiating scenario for savvy buyers. If you have you organised a pre-approved boat loan through Easy Boat Loans, this will further enhance the situation as you will be in a great position to make a firm offer.

First-hand knowledge is another benefit of a private sale. A reliable and trustworthy seller can tell everything about their beloved vessel, information which can be invaluable in terms of handling, specific quirks and getting to know your new boat.

But every upside has a downside and there are few things that you should be well aware of when buying a used boat from a private seller.