KEEP A LOGBOOK
Death and taxes—the only things you can really count on, or so they say. Of course, if you own a boat, there will be the eventual sale of that boat, which is kind of like death.
HHey, cheer up. Maybe the sale of your boat is so you can buy a different one—bigger, faster, prettier and better equipped. Regardless, it is true that at some point all of us will face the prospect of selling a boat.
No matter how you feel about selling your boat, the process will go easier if you have kept a detailed maintenance log extending all the way back to when you bought it. The reason this will ease the process is because the prospective buyer will feel much happier and more confident about the condition of your boat if he or she can see that diligent attention has been paid to maintenance.
Along that same line, when you buy a used boat, you will want to be able to check over the maintenance log to make sure everything has been done to keep the vessel in satisfactory working order. So, a good maintenance log is a big deal, whether you’re selling or buying a boat.
As an owner, a maintenance log is a great aid in caring for your boat. Noting the dates of regularly scheduled maintenance items, such as filter changes, and oil and other fluid changes, makes it easier to care for your boat, its engines and its systems. Additionally, unscheduled maintenance, such as battery swaps, sacrificial-anode replacements, steering-cable replacement, topping off hydraulic fluid, etc., will help you and prove more valuable with time. That’s because the longer you keep a log, the more patterns of wear—based on your individual use—will begin to appear. So, you’ll know to replace the battery or cable before either leaves
you stranded. Track your fuel purchases and engine hours too because fuel quantity burned versus hours is a good barometer of engine health.
It’s also helpful to keep track of part numbers, like spark plugs, filters, O-rings, the ignition-key number, etc. Also note fuse and breaker types, and the amperage ratings for all your devices. Note the bulb type and amperage for all lights. Doing so makes it easy to buy replacements. Reserve two or three pages at the back of your notebook as a repository for this info. If your book has pockets on the covers, you can rip off the labels of parts boxes and keep them handy for reference.
But for now, let’s talk about you as a seller. Remember, a log is not only about maintenance. It should include the date when any new equipment was added. It’s a good idea to make note of the cost of parts and labor, which will help justify the price you ask for your fine vessel. And be sure to save all the owner’s manuals and receipts in a secure and well-organized place so you can pass them along to the new owner. In essence, any time you do anything to the boat, whether it be service-related, routine maintenance, parts replacement, or adding new goodies, write it down in the in the logbook. That log will be money in the bank when it comes time to sell. Here’s how to make a good one.