Things To Look Out For During A Boat Auction
It is always easy to get lost in the emotional frenzy during biddings so you must be well prepared and focused on your goal if you want to end up a winner at a boat auction. Emotions have no place in a boat auction. Note that all auctioneers will actively encourage that "auction fever" when they put up something for bidding so if you become emotional, you will be carried away with the frenzy and you will end up fighting for something that you cannot really afford. Do not fall for that trap or else you will lose control over your bidding powers. To help you stay focused on your goals during a boat auction, here are some pointers for you.
Check Your Expectations
When you are going to a boat auction, you should never expect too much. Note that boats that are placed in an auction are already used and some of them have seen several years of use and may have weathered several storms so you cannot really expect them to look like brand new. Moreover, boat auctions sell these boats as is, meaning that what you see is what you get. There are no warrantees on these boats. Nobody will turn that old ugly tub into a stunning cruiser so don't get your expectations too high. Be realistic. Consider anything that goes beyond your expectations a kind of bonus. No, you are not being pessimistic if you expect the worst when you participate in a boat auction. Just because you keep your expectations in check does not make you a pessimist.
Check Your Budget
Before you go to a boat auction, you need to condition yourself to let go when the bidding price reaches to a point beyond your budget. If you cannot afford it, then you cannot afford it. No excuses. It is easy to get distracted during a boat auction, especially if you are an avid boat lover, and that is why you need to make sure that you know before hand how much money you can afford to pay for a boat. Just because a handsome 35-foot cruiser is up for auction does not mean that it's going to be cheap and you can afford to buy it. Even if the 35-foot cruiser turned out to be cheap for its size that still does not mean that you can afford it so be realistic. Do not be emotional. Count your money well and stick to what you can afford to pay for.
