Towpath Talk

Boat Buyer’s Guide launched by Promarine Finance

- For more informatio­n visit www. mar in e - finance.org

MARINE finance lender Promarine Finance has launched a Boat Buyer’s Guide to aid customers through the boat buying process.

“We’ve always been very proud of guiding customers through the boat buying journey and essentiall­y handholdin­g every step of the way, but we thought a complete guide to boat ownership wasn’t really available and serves to answer lots of questions we know potential boat owners have,” said Stuart Austin, director at Promarine.

“The guide really allows customers to make informed choices about all aspects of boat buying and we hope it will make them more confident in their boat buying journey.”

The Boat Buyer’s Guide assists potential buyers from the very early stages of researchin­g boats to buy, through to making a purchase and enjoying life as a boat owner. Promarine has enlisted the expertise of industry peers and experts when compiling the guide, including Anita Chapman from West London Boat Brokerage, Andy Whillier from Clipper Marine, Chris Manners from TBS Boats, Richard Bates from Bates Wharf Marine Sales and Paul Finney from Boats and Yachts Warranty.

The guide offers six chapters which take potential buyers through the various stages of becoming a boat owner, ensuring they have all the informatio­n they need.

Chapter one goes through the basics you need to know before buying a boat, such as identifyin­g the right boat for your budget to the different avenues involved in boat ownership including surveys, insurance and storage informatio­n.

Chapter two takes you through all the documentat­ion a customer needs when buying a boat and becoming an owner. This includes available surveys as well as certificat­es which will be required. The third chapter brings customers some top tips on setting up viewings, test drives and price negotiatio­n.

Chapter four goes through the boat buying process in detail, ensuring you’re aware of the surveys you’ll need to conduct, insurance, mooring and storage considerat­ions and finance options.

In the next chapter, the guide highlights other things to consider such as the process of buying a boat abroad, buying second-hand, types of equipment you might need and the ongoing maintenanc­e costs of running a boat.

The final chapter brings you tips on how to get the most out of being a boat owner, getting out on to the water, events to attend, improving boat skills and lots of useful resources.

“We’ve had some great initial feedback on the guide and hope it proves useful for those only just starting their buying journey or for those who are under way in their search,” said Stuart.

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