How I make good deals on boats
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- Опубліковано 18 чер 2019
- This is a follow-up to the catamaran shopping video I made a few months ago. Several people asked how I was able to make such good deals on these boats. It comes down to speed and decisiveness. I will outline my buying tips and tell you how you might be able to pay less for a boat.
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Having the owner teach you the boat in lieu of beating him up a little more on the price is a superb hint. I did that with my last boat and having his help with haul-out and splash was worth WAY more than the 1000 bucks I could have made him come down. Win-win deals are always better.
Yeh experience with a vessel is something you come to value after you’ve gone in blind a time or two. A knowledgeable owner/seller can save literally days and days and thousands of dollars. Another reason to make sure it’s a win win for sure
Good tips Nick. One thing we would add. When looking for a Cat ourselves with a buyer’s broker, we found a make and model of a boat that appealed to us, a Privilege 42. The boat had some issues that we thought should keep us from buying that particular boat. We told the broker that we would like to look for another example of that boat. He said that there were only 29 of these boats built, and very few were in the US. My wife said, “That’s ok, we don’t have to buy a boat in the US”. We had cruised for 10 years in our Amel Mango monohull and had sold it 6 months before in Australia. That night I found a Privilege 42 one owner in the BVI, 30% less, and called the broker, asked if was well represented by the photos. He said it was even better. I made an offer, sight unseen and flew there two days later. We had a survey the next week and sea trial and left with a signed contract. All went well. I would say don’t be afraid to look outside of your backyard.
Awesome story! Glad it worked out! We met a cool couple from Portland last week on a Privilege 42. They’d rescued it and she was doing very well. Built like a tank. And they’d put big Lewmar Oceans in the overhead of the salon. Had no idea there were so few of them!
Congratulations on your advanced communication skills. I am always amazed at how perfectly balanced your presentations are in terms of technical versus emotional-social, and, repetition - rephrasing - reiteration for clarity, your boat's name. First rate video here, thanks.
Thank you. Very nice of you to say. Appreciate it.
This is fantastic information. I needed it, I saved it, I liked it, and I subscribed. Now I’m looking forward to getting my wife “on board”. My schtik: “the boys need an activity besides iPads and video games.” 🤙🏻
Thanks Nick and you're right. Solving the seller's problem can go a long way but remember folks, there are also the sellers who won't necessarily fall into that category. There's
A) the seller who's convinced that the $10k they spent X years ago on various bits & pieces are still worth the $10k
B) the seller who through a long personal & emotional investment into the boat has overlooked the deficiencies still loves the boat
In both of those cases, it's best to have a 3rd party (broker) explain your position that 10yr old radar & 15yr old sunbrella aren't worth diddly OR yes, she's a fine boat but having to sacrifice a chicken and make offerings to the gods for the engine to start isn't your cup a tea.
Keep it professional, courteous and remember that as long as they hang onto the boat it's costing THEM money and Yachtworld has other options out there. Once you buy it you're committed to all its faults AND you're a lot poorer so she better be worth it....
Truth! My next video might need to be aimed at sellers.
at 33, and about to buy my first boat, this is the best advice i have heard, for that i thank you! Subbed
@@rockn997 Purchased it last year for 5k, sold it two days ago for 5k, i obviously did some work on it. It was up for 1 week before being sold- now hunting my second boat :D
Good tips for buying a boat and anything else. Nick, whenever I watch your videos I can't help but think, this is what happens when the weatherman goes rogue.
lol...... lol....... mostly people don't mean it, but seriously.... Lol.... Weatherman Unleashed! Lol. Thanks Lowell.
Thanks for the great information
I love how you approach the process as one of being respectful
Seems to work well in life, don't you think? Appreciate the note Kjel. Best, Nick
Straight, short and honest. One of the best advices so far on these kind of subjects.
Thank you Sven.
Thanks Nick that was really helpful! Surprising how well that also applies to buying cars as well. Great video!
Hey thanks. Really? I'm don't know a lot about buying cars. Good to know!
Running out of accolades for your honest advice, Nick! Your perspective from both the buyers, and sellers POV...invaluable.
Thanks....looking forward to the possibility of a new book. ;-)
Thank you sir! Appreciate the positive feedback as always. New book....now I have one in the pipeline but it is fiction. Whole new ballgame for me. Stay tuned! Best, Nick
Nick you nailed it! As a former Real Estate broker for nearly 30 years I agree 100%
Cash is King
Don't Haggle
Look for added bonus not discounts! Outstanding information that is spot on.
Continued success and keep shooting man, lovin' it.
👊
Right on DJ! Thanks for the support. Honestly thought I’d get a lot more pushback from people on here. Turns out everyone is very reasonable! Thanks for the note!
Priceless! Thanks a lot Nick!
Thank you Alexander!
This is a compliment not a critique. This is one of the rare videos that I rewound instead of skipping ahead. Good information. Thank you.
Alright! Thank you. Appreciate that very much.
Great video Nick! Honestly boating is way beyond my mid term goals but these tips can be applied to anything, thanks for the tips and for the frequent videos!
Thanks Ekau. Anything is within reach. Yeh, these sorts of tips are applicable everywhere I suppose. Lessons I have learned the hard way! Best, Nick
Excellent tips. Thank you!
You've really got a valuable list of do's and don't's. Thank you for this!
Thanks Jake
Excellent info on the buying mind set. I'll be watching this video several times and I'll study the notes I take just before I walk down the buyer's gang plank. Thanks man!
That’s awesome. Thanks for the note Eldon. Good luck with it!
I love this! saving for when I'm ready to buy in a year! Thank you so so SOOOOO Much!~
Hey you are so welcome. Glad to be of any help possible. Thanks for the note!
I will follow this in due course... big help. Thx Nick.
Good deal. Happy t have you along
Nick you have one of the most if not the most informative channel. Thank you
That was lots of great information, thanks. I've been looking forward to this video, as my husband and I are planning on retiring and buying our first sailboat at the end of the year. Yea! Also, I've been enjoying your Under the Sheets podcasts. I hope you guys can keep those up. As you get more popular and get lots and lots of comments, you won't be able to keep up and answer them all. But you could address common questions in your podcasts hopefully. Best of luck with your channel, and I'm looking forward to watching your trek up the north coast later this year.
Well congratulations! That's really exciting. Shopping for the right boat is/can be a lot of fun. Glad the vids are providing some value. The podcast? Heck yeh! Pretty easy for us compared the video. We just hit record and go! Glad you are enjoying. Yeh we need to get a better forum for the questions. We may start a facebook group for that. That way everyone can talk to each other, etc. We really enjoy the dialogue. Makes us feel useful!
Nick this was an outstanding presentation well done. Thank you.
Well thank you very much. Appreciate that!
Thanks again Nick for the Awesome Awesome info. Hope you guys are still out there in 4 yrs when we hit the ocean. Would love to run into you guys and buy you a drink as a thank you for all the great info you've shared. We are getting a good education.
I hope so too! We are having a great time as it is. Glad the videos are of some value. Four years in the final stretch! Good for you. Get on out here! Thanks for the note.
Excellent information Nick, muchas gracias.
De nada. And muchas gracias
Thanks O'Kelly's for sharing your time, experience. It means a lot.
Loved it. Very similar to buying real estate. Boats a bit harder to turn into an asset, but the buying process is pretty similar. I can do this!
Thanks brother!
Perfect timing!
That was a particularly excellent and helpful video. Much thanks!
Oh good. Glad to be of any help. Wisdom from mistakes made, I tell ya!
Well done, lots of good advice, thanks!
Thanks James!
Very interesting and useful. Thank you !
Thanks. Great video. I really enjoyed those tips. Very good information. I will keep those tips in mind when I make my purchase. I am in the research stage of my process for a catamaran.
Excellent! Hope it is a smooth process! Thank you for the kind words about the video. Best, Nick
Thank you for your excellent videos. I've been binge watching hundreds of boat-related videos the past few weeks from lots of different sources. Your videos are some of the best. They are very relatable and I appreciate the attention to detail you and your wife provide the viewer, along with the fun and not-so-fun stuff (the reality of cruising). The "pie in the sky" dream seems now to be a reachable goal with the proper amount of time and planning. You guys are an encouragement!
Wow, right on. That makes me feel so good. That is the goal of these video...to hopefully inspire and supply some tips, etc. to come out and do this yourself. Anything is possible. Thank you so much for the note.
thats very helpful. hopefully can break a deal by 2021. thank you nick.
Love your channel, you and your wife have always had great, well thought out advice/commentary.
I don't know about the always well thought out part, but thank you. :) Appreciate the kind words Brendan! Best, Nick O
Great advice
I find these tips work everywhere
Good good!
Grt Vid as always Nick . Makes a lot of sense . I am going to use your tips . Muchas Gracias.
de nada. Appreciate the feedback my friend.
Thanks for going over your thought processes, very grateful as I’m sailing across the Atlantic in November as crew in the ARC rally. Then I plan to island hop up too the east coast of your fair country to look for a boat to sail home back to New Zealand. Very much appreciated. Kyle
Right on! Best deals may be down island a bit, especially if you know your way around boats. Maybe we will follow your wake down to NZ. Hear the AC is coming in 2021 :)
Great! Not just for boats.. also for cars, houses, etc. I will, for sure; watch this video each time I am planning to make an important purchase of a used boat, car, or house!!!!
Great advice right there, thanks Nick!
Thanks Lindsay. Learning how to do this right myself! Glad to share my learnings.
I'm looking to purchase our family full-time Catamaran early next year. Thank you for these great tips.
Great information as always. Will help me buy my next boat.
Nick thanks so much for pointing me in this direction. Great, well-balanced advice! Just starting to get the sailing bug and I am always on the lookout for advice on how to get onto the water! The examples are the most important! Visual learner, what can I say!
Right on. Do it! Hope we see you out there soon!
Ok, that was well thought out and presented. Nice job.
Thanks David. I can ramble a bit...but notes certainly help!
Excellent tips, looking forward to more information
Thanks Dave!
Excellent information. I agree with almost all of it. Everyone has their own style of negotiation, but sticking to your strategy will be advantageous in most situations. p.s. I never bought a boat and only sold a dinghy that I made, but I have bought and sold lots of cars, motorcycles and various sports equipment.
Great info, thanks!
Thanks Nick! Really appreciate your thoughtfulness and thoroughness and enthusiasm on the subject.
Thanks Christopher. Hope this makes people's experiences a little better.
Nick O'Kelly if you ever get to Colorado, I have a 22 foot sloop, an Ensign, on Lake Dillon up in the mountains at 9017 feet elevation above sea level with snowcapped mountains all around. It’s not a 50 foot catamaran but it sure is fun. You can PM me on Facebook or Instagram. Cheers, Kris
Chris (love spellcheck.......not)
Right on! Did you remember me doing morning weather at KUSA years ago? Love the little Ensigns. Fun boat. That's some crazy sailing you mountain sailors do up there! Wind! No Wind! WIND!!!! Different wind... lol. We love CO.
I rally enjoy your videos, a pleasure to listen to well thought out ideas too.
Appreciate that. Very nice of you to say.
Excellent very practical advice
Thanks always for your helpful Videos .. enjoy your ride 🤝👌
Good stuff! Thanks for walking us through your process. Much appreciated!
great video... Thanks!!
will be in the market for our first boat this time next year, thanks for the great advice!!
Awesome! I love the part of this whole thing where you are. Boat shopping can be a lot of fun. I hopefully didn't make it sound too serious and stressful. See you out there. Woooo hooooo!
@@TheOKellys Not too stressful at all. We move to FL in a few months, and then the hunt begins. Total newbs.... ;)
Right on! I will see you out there!
Check out the Wynns video when they were searching for their cat. Great people and they were newbies.
@@jodymooney255 hahahaha!!! Its funny you mention the Wynns. At the time my wife and I planned to travel in an RV after our kids went off to college. Then the wynns got the boat dream! Was a subscriber to the wynns when they had less than 4k subs.
Great suggestion though for sure!!
Valuable valuable advice! What is an expert? Someone with experience that has learned something credible that they share with you. That is you!
I like that.
We have already bought our L42 a year ago but what great information and insight into the purchasing process. Armed with this knowledge we may have had a less stressful buying experience. Certainly, we would have been better prepared. SV Trig
Thanks Tim. At least you got yourself an awesome boat! I sure as heck made a lot of mistakes with each of my purchases, but the more I've been at it, the less landmines I step on. Lol. I probably should have stressed it more, but the broker does matter. A good one can save so much stress. ...so I have heard.... lol
Lovin on this video, thanx, Nick.
Right on. Appreciate that Scarlet!
Lake Norman!! How cool!! That’s a synchronicity!! I live in a town called Norman. 💕❤️🥰 Great video!!
Thank you for this video....really good info. I have already had some of your points taken in to consideration but others were ones that I had not thought about. I do like your “fairness to the deal....and life approach”. It works in all things. Like someone else mentioned I would hire you as a consultant lol. When you are ready to get into a trawler Endeavour let’s talk. 😊. Enjoy the different water experience over in NC.
Yeh, fairness to the deal. I like that. And fairness in general seems to work out best with everything, I agree. Appreciate the note Ian. I’ll be starting my consulting business next week, lol
Thanks very much. That was very informative!!
Thanks Ed!
Yeah, Nick. Never did I think I’d get such thoughtful information from a back of SeaDoo. I’m going to put this video in my research vault. Thanks, buddy. Hope Megan and Miss Sugar are well. -Darin
Awesome, thanks Darin!
Love it, some solid advice.
appreciate that Nick!
Really good comments. May I ad, if your making a low offer it’s always good to have a valid detailed reason . Will also show the seller that you are an educated buyer.
Yes, maybe. It's about deflating the standard cat-and-mouse game that buyers and sellers play. I maybe would not send a reason with the offer, as you don't want to get into a discussion. Your offer should be fair given the condition of the boat, not a set percentage. The boat might already be priced to sell. If the seller asks for a reason for the low offer, then maybe give him one. If too argumentative from the beginning about your offer, perhaps move on. It is such a case by case thing. Appreciate your comment.
What a Flex! A deft and highly professional TED Talk on the art of buying a yacht delivered on a jet ski. AYFKM!! awesome job. And those guns :)
Lol. Guns. Hahahaha.
those all sounded like good point with good explanations
thank you
Live about 20 minutes from there. Member of the sailing club. Thanks for the information. I hope to be able to use it one day.
Right on. My brother is a member there and we've eaten there many times.
Good tips, thanks.
Thanks. Always play before work! Always.
Great video, this information will be used on our boat purchase process. "As-Is" and Cash closing quick is exactly how we are approaching the sale. Thanks...
It can really work out well if you know what you are doing. Excited for you guys. Looking forward to seeing what you get!
@@TheOKellys We are a bit of an "outlier" - Understand the price - comfort - speed formula. Our list of cats is Outremer 5X, H&H, Gunboat, Young 65. Speed to me is safety. So list available Cats on our list is limited at any given point and there is a limited buyer group for cash. End of summer, we will be visiting this cat - www.cathyacht-international.com/catamaran-carbon-line.
Wow, is all I can say. Need a good deck swab? I'm available. That's a gorgeous boat. I have not sailed on GB or HH, but I am so impressed with the H&H. The finish is extraordinary. This Young 65 though...next level.
@@TheOKellys Would be fun to have you and Megan on the boat --- The Young "EOS" is priced pretty well being new, full carbon, and outfitted as is. So we will see if she is still available after summer. If not, there is always another boat.
We had Doyle Stratis on our last boat. Awesome sails. I think I paid more for them than I did the boat! I will hold you to that invite! Tell us where and when!
Great video, Nick
Thank you so much!
Excellent advice!
Great video thanks very helpful for us we are in Australia that’s all relevant to us great !
Except for the US Coast Guard title search.... lol cheers!
This is just so intelligent. It's the best kind of deal making, it finds a way for a win-win-win-win (seller, buyer and both brokers). Thanks.
Thank you Nick for very good advice and the step by step instructions! Having made some small boat deals, I know my weakness is to be too exited and feeling that is absolutely the deal to make. Usually buying too expensive. Markku Harmala
Thanks for the note Markku. Yeh best to keep the cool and a straight mind about these things. It's tough when the boat is calling out to you! Best, Nick
Thanks Nick, very good experience from a seller of its 3 boats !
Thanks Armand
I am searching a sailboat since 2 years, visited 5 differents countries (France, Malta, Greece, Croatia, Spain) and for Greece, Malta 2 trips. Since the biggining, my project have moved, from a monohull to a catamaran. Not easy to decide because there is the same + and - on each shape. Even on my program, each have the same +/-... Finally I have decided to go for cat, more expensive and could be a little more stressful on rough sailing, but I love the space at sea like the Catamaran offer. I am focused on Lagoon 440 (or 470 if i can find a good price).
Excellent suggestions! Thanks
Thank you Sumeet!
Excellent insights
Thanks Grant. Mistakes have been made, happy to share the lessons!
Obrigado. Excellent information
Great breakdown. Speed and certainty are combat multipliers in big transactions like this.
Combat multipliers...never heard that term. Like it. Speed and certainty...that works in a lot of life I think.
Nick. Awesome tips. I don't know of any videos on the same subject that had this level of insight. 29% reduced price seems a little out there, but certainly worth a try.
Going to depend on the situation of course and how things shake out at survey, but yeh those discounts are out there, especially if the boat needs some work. Appreciate the note Stuart!
Great vid as always...
Thanky!
Excellent advice.
Thanks well done you're a pro a real pleasure to listen ☝️
Hey thanks Robert. Appreciate it.
Some freak'n gold right here! Thank you!
Thanks Doug!
After seeing a bunch of your videos. I must compliment your take on the "unglamorous" side of boat owning. And owning mistakes that has been made. Loved the dog/papper work episodes. I would like to see some content about Marinas and anchoring rules in USA. Typical fees. What is included in the fees. How do they typically work and so on (I'm from northern Sweden, Piteå and dream of doing an Atlantic Crossing and sailing down the east coast)
Unglamorous! That’s us! Lol. Ok, interesting idea. It really varies widely over here in terms of cost, rules, benefits, etc. Come on over! Never met a Swede we didn’t like! Could be a fantastic circuit for you!
😂 i love the tortoise analogy!
Amazingly insightful! Lots of great tips. I actually relived my first buying experience 😂🤪
Lol. We are not alone, right?!?!?! Live and learn.... thanks for the note Joe
Hahaha so true! Thank you for putting out the great content! Can’t wait to put it to use when I purchase my Cat soon.
Great info for a novice like me ! Thank you
You're welcome, thank you for your note!
This is a great video. Thank you very much !
The Dalton's
Ontario
Great tips on buying. Thank you. A little Sugar cameo would have been nice. Hopefully she is resting in the shade somewhere. Have a great summer.
She took one look at that jetski and said no thanks! Lol. She is doing great. We switched out her food, which I think she was maybe allergic to. She is limping pretty bad, but her breathing is better, and she seems to really appreciate being on land. Thanks for the note!
@@TheOKellys My sister in laws dog had bad joint pain & could not move well. They are giving him CBD oil which has made a lot of difference so now he can even jump onto the couch.
We just tried that. Knocked her out. Then she woke up really confused. Not going to do that again. She's just too sensitive I guess?
@@TheOKellys Bugger. Like people I guess different meds will affect different dogs in different ways. Hope you find something that makes her comfortable.
Thank you, Great info. I'm just in the process of buying a boat so this helped a lot. Good work please keep it up :-) ....../).....
Nicholas, I will try my friend. I appreciate the kind words.
hi Nick, thanks for that great video! getting the price reduced by about 30% widens the field of interesting boats a lot.
I have the same questions as Roy Brinkley here. Thanks!
Thanks Tom, just responded to Roy, so I will save copying and pasting here. You aren't going to get that kind of discount on all boats, but they are out there, and usually on boats that DO need a bit of work. But the owner knows that too, so my methods can get you in lower. Appreciate the comment. Nick
@@TheOKellys thanks, no need for copping. I will accept a lot of boat work to get a better price. I always customise my stuff a little bit.
Greetings from Poland man located at Port of Blyth, actually do a marathon with all movies The O'Kelly's just wanna say thank You so much for all very helpful materials mentioned problems really like the vblogs and the videos. Please keep going with that channel and follow the wind of course safety.
Thank you! Appreciate it. Hope spring comes quickly for you!
Good advise for buying any large asset. 👍
Appreciate that. Thank you.
Great advice.
Great advice
Very useful tips Nick - thanks. You managed some fairly hefty discounts there - lowest at 10% - think we might have you as a buying broker!! And thank you for confirming that I definitely did the wrong job for 18 years!!! 5-10% fees?? Holy **** ! Have fun !
I’d be a terrible broker. Speak my mind....uh....all the time. Lol.
Another awesome video. I rarely comment but thanks👍🏻
Thank you!
Very good!!!!
Great advice. Applies to buying houses and cars as well!
Really fantastic suggestions. I agree with them all. I did the exact same thing when I bought my tanzer. Easy easy transaction. But knowing i could do the same thing on a bigger boat is mind blowing, but makes total sense. Now you need to make a video on best places to buy. :)
That's Nick. Another great video.
Cheers from Canada
Steve
Interesting idea. Maybe I need to fly all over the place to get footage. ;). Thanks for the props Steve. Much appreciated. Enjoy that Tanzer! Fun boat!
@@TheOKellys Haha maybe setup a Patreon account and title it Nick's Flight Fund to Research Amazing Boats in Far Flung Destinations lol
I worry that this Patreon thing is another complication. I will look into it. Seems everyone is doing it. Maybe it's the best way to connect with people.
@@TheOKellys it depends what you are trying to do. If you are just looking to connect with people and have fun, then keep doing what you are. If you want help covering the cost of certain things then yes do patreon. But just a word of warning, dont get sucked in and make it about money. Several other really fun to watch channels went to patreon and you can tell it's now about money. What makes your channel so good is that it's you.
Cheers
@@TheOKellys no idea. Some people put Patreon only content and have other incentives etc.