TRADE IN YOUR BOAT
Frequently Asked Questions About Trade In Your Boat
What are the benefits of trading in my boat instead of selling it myself?
Trading in your boat offers several advantages:
Speed and convenience – no listings, showings, or waiting for a buyer
No dual ownership – avoid paying dockage, insurance, and maintenance on two boats
Market advantage – strong demand for used boats allows competitive trade-in values
Potential sales tax savings – in many states, you may only pay sales tax on the price
difference between your new boat and your trade-in (check local regulations)
It’s a streamlined path to your next boat—without the headaches.
Is now a good time to trade in my boat?
What’s the difference between trading in my boat and selling it through brokerage?
When you trade in your boat, the dealer takes ownership immediately and assumes responsibility for the vessel.
When you sell through brokerage, you remain the owner until a buyer is found, which can take
time and requires ongoing management.
A trade-in prioritizes speed and simplicity, while brokerage focuses on maximizing resale value over time. Performance Yacht Sales can help you decide which option best fits your goals.
What do I need to trade in my boat?
To get started, you’ll need:
Your boat’s title or Coast Guard documentation
Basic vessel details (make, model, year, condition)
Information on any outstanding liens or loans
Having documentation ready helps ensure a smooth and efficient trade-in process.