Buying and selling

If you want to sell your boat you may consider selling it privately. You will then have to undertake all the advertising, show people over the boat and take them out (at weekends when you wanted to be doing something else, or during the week when you should be at work). You will need to ensure all the paperwork (VAT paid invoices, registration documents, proof of title, etc) is in order and that the person buying the boat has adequate finance.

So what do you pay a broker for? To do all these things for you. They will have a standard sales contract so you and the buyer know how to proceed over such matters as the survey, particularly if any problems are found. The broker is paid commission on the finally agreed selling price and will deal with the financial transactions as well as everything else, and can settle any outstanding bills, such as yard fees, out of the funds. The broker also has easier access to checking on outstanding finance with British Registry and the finance houses. If it is an international transaction, he will deal with the different currencies and paperwork.

Buying a boat privately also presents potential pitfalls for the unwary. Does the vendor actually own the boat? Does it comply with current legislation? Our brokers and yacht agents have knowledge of the requirements of the Recreational Craft Directive - the European law that requires boats in the UK to comply with certain safety standards. Selling a non-compliant boat is a criminal offence. A boat coming into the EU will need to prove compliance with the RCD, and VAT or other EU state equivalent will be payable at the first port of entry into the EU.

Dealers have increasing prominence in today's boating scene, taking boats in part-exchange and offering a range of other new and second-hand boats.

Before you sign on the dotted line, all but the smallest boats will need a pre-purchase survey. A YDSA surveyor will be able to check on the condition of the boat and advise you of any repairs that will need to be carried out.

Many of our brokers, agents and dealers advertise on the internet as well as in the well-known magazines. Use their expertise to sell your boat and to find the next one!

FAQ: safety of deposit money

Find a boat through an ABYA broker/dealer

Download a copy of the Standard Agreement for the Sale & Purchase of a Secondhand Vessel (PDF format)

Download a copy of our Buying a Boat guide free (PDF format)