HOW TO FIND CHEAP OR FREE BOATS
Did you know it’s possible to find free boats for sale? Finding cheap boats has been an obsession at various points in our lives. Having bought three boats over the last five years, we’ve literally spent days of our lives scoping out good deals. In all that searching, we’ve come across dozens of free boats (yes, they do exist!).
There are two things you need to know to find a free or cheap boat:
- Where to look
- How to uncover the hidden gems
In this article, we’ll share the best places to search and our search strategies for uncovering the really sweet deals.
WHERE TO FIND CHEAP BOATS FOR SALE
There are several big marketplace sites where you can search for cheap or free boats. We’ve seen free boats on Craigslist. Other marketplaces include Kijiji, Facebook, and eBay. While these sites have thousands of boat listings they also tend to be very competitive because everyone uses them and wants a great deal! At the end of this post, we’ve included a list of tactics that will give you a competitive edge.
Online marketplaces are also a great place to find used boat parts. If you’re buying a used boat, you’ll almost certainly need to replace or repair a few things.
Listing sites and magazines
While you’re not likely to find a free boat on any of the paid listing sites (e.g. YachtWorld) there are some websites and magazines that only list cheap boats for sale. It’s worth checking the following places regularly:
Boat Angel sells donated boats for cheap with all proceeds going to charity. You can also contact them about making a boat donation and get a tax write-off.
Free-boat.com scours the web weekly for free and cheap boats and post them on their site and Facebook page.
Good Old Boat magazine has a page listing project boats selling for under $5,000. This is a good place to look if you’re interested in a cheap or free sailboat.
Wooden Boat Magazine has a “free boats” section in every issue and lists free wooden boats online
Boneyard Boats is another great Facebook page to follow for free boat listings
We know of other boaters who’ve found cheap boats for sale at auctions (though it isn’t something we’ve tried ourselves). Boats that have been repossessed, written-off, salvaged, or seized are often put up for sale at auction. Many auto auction companies will list boats and some even run dedicated marine auctions.
These days you can find most auction pre-sale inventories posted online.
Marinas and boatyards
Oftentimes the real hidden gems never make it online. Call your local harbor master and boatyards to inquire about cheap or free boats. Very often they get stuck with abandoned boats that they need to move.
For other places to expand your search see our post: the 5 best places to buy a used boat.
THE BEST TIME TO LOOK FOR BUDGET BOATS
While it’s possible to find cheap boats for sale at any time of year, these are the best times to search.
The best deals will be found at the end of the boating season when owners are looking to avoid marina fees for the winter months. Search volume for boat sales is roughly 40% lower in the off-season, which means less competition for you!
If you’re open to looking further afield you can very often find good deals on storm-damaged boats. A great book on this topic is Sailboat Cowboys Flipping Sail Post-Sandy: The Art of Buying, Repairing and Selling Storm-Damaged Sailboats.
Many boats don’t survive a separation or divorce. According to some research divorce filings peak in March and August.
TIPS FOR FINDING CHEAP OR FREE BOATS
If there’s one place to find a screamer of a deal, it’s Craigslist (or other marketplace sites like Kijiji). We’ve even come across a few free boats on Craigslist over the years. Most of these search tactics apply to any search platform but some of them are specific to Craigslist.
1. SET THE RIGHT PRICE LIMITS
Look above certain price thresholds
When people are looking for boats online they usually search for certain “sticky” numbers (prices that everyone searches for). Common thresholds include $5,000, $10,000, $15,000, $25,000, $50,000.
For example, let’s say I’m looking for boats for sale near me for under $5,000. If I search just above that threshold (say $6,000) I’m more likely to see cheap boats that other buyers won’t.
Set your max price at 30% above your budget
While it depends on the boat and how the owner has priced it, we’ve found that as a general rule of thumb, sellers will come down by about 30%.
2. SEARCH FOR MISSPELLING AND SYNONYMS
Use variants of your search terms
Craigslist’s listing data is garbage in, garbage out. For example, if a seller lists their 30 foot Hunter as a “FREE Sail Boat” incorrectly spelling “sailboat”, it won’t show up in a search for “FREE sailboat”.
Very often people use variants of brand names. For example, you’d want to search both “Chris-Craft” and “Chris Craft”.
3. SEARCH FOR TYPES OF BOATS, LENGTHS, MAKES, AND MODELS
People are random about how they write their listings.
The detail-oriented person will list their boat with the year, make, and model (e.g., “2015 Bennington 2875 QCW”)
Someone else might list the same boat as a 32 foot Bennington
Some goofball will just list it as a “pontoon boat”.
If you want to find a hidden gem, search for as many variations as you can think of. It’s definitely a good idea to search for types of boats (e.g., sailboat, fishing boat, powerboat, jon boat, pontoon boat).
4. USE SEARCH FUNCTIONS TO GET REALLY SPECIFIC
Learn a few of these search tricks and you’ll save tons of time.
Search multiple keywords at the same time by using the “|” key
For example, if you searched “sail boat | sailboat” you’ll get all the search results for both terms.
Exclude keywords from your search by using “-” key.
For example, “sailboats – ferrocement” you’ll get all the search results for sailboats except for those that mention ferrocement (no offence to ferrocement boat owners!).
Get specific by combining search functions using parenthesis
For example, “Home built (sailboat | sail boat) – ferrocement” would search for posts with the terms “home built” and “sailboat” or “sail boat” but not “ferrocement”.
5. LEVERAGE TECHNOLOGY TO DO THE WORK FOR YOU
Finding a great deal on a boat is a numbers game, and we’ve looked at hundreds of listings before finding what we were looking for. Technology can help you save time and search more efficiently.
Set up search alerts
You can set up search alerts on Craigslist so that you receive an email or text every time a new listing meets your criteria. It’s a great way to save time!
Add extensions to your Chrome browser
Use apps to track your searches on the go
Craigslist’s mobile site can be a bit clunky to work with. The Craigslist-approved app, CPlus (Android, iOS) streamlines your search process and offers additional features (like allowing you to search multiple cities at once).
6. SAVE TIME BY QUALIFYING YOUR SEARCH RESULTS
Finding cheap boats for sale on Craigslist is a volume game more than anything. If you’re not carefully managing your time, it’s easy to burn out. If you’ve ever shown up to view a boat only to realize that the photos you saw online were 10 years old, then you know what I’m talking about! Here are a few ways we’ve cut down on time-wasting:
Avoid scams by looking for classic warning signs: typos, generic images, and sellers who don’t want to meet in person. If an ad looks suspicious try googling the ad text to see if it shows up in multiples. If it does, it’s a good sign that something is up.
Make a “must-have” list
Write up your list of must-haves (e.g., must have an engine with less than 1K hours, must not have a teak deck, etc.) and run through your checklist every time you find a good candidate. Ask the owner to fill in the missing information.
Ask for additional photos
Ask for photos before you spend eight hours of your weekend driving to view a boat. Owners should be willing to send you photos because in the long term it saves their time as well as yours.
Take a sneak peek
If the boat is local, swing by the marina and quickly view the boat from the outside. This will give you a sense of how upfront the seller has been in their advertisement.
Pro tip: Craigslist can be a weird place, so remember thaT sellers are qualifying you too! Most people want to see their boat going to a good home. We’ve both gotten and given great deals simply because we (or the buyer) were honest, upfront, friendly, and didn’t waste time.
7. BE MORE PERSISTENT THAN THE NEXT GUY
That weird listing with spelling errors and no photos? Well, it could be a scam, or it could be a sweet deal on a fishing boat and a seller who doesn’t know how to use the internet! You’ll never know unless you email them. The same goes with sellers who don’t get back to you, send them a follow-up email.
8. WHEN YOU FIND A FREE BOAT, MOVE QUICK!
Good deals can go in minutes, so be ready to drop everything and get down to the marina for an inspection if you want to score that the cheap cuddy cabin.
Be sure to have things like your boat inspection checklist, finances, and paperwork in order. If you’re buying a boat and trailer, think about how you’re going to get them home (e.g. does your vehicle have enough towing capacity?)
Be clear in your mind about what you’re looking for, and what you’re not, especially if you plan to negotiate. You can often get lower prices by excluding certain items like dinghies, electronics, and outboard motors from the sale.
If you’re looking for free boats on Craigslist, know that a seller is going to expect you to take care of all other costs. So, have a plan (especially if it’s a big boat).
Does the boat need to be transported by trailer?
Does it need to be pulled out of the water?
Where will you store it?
Have cash or another payment method ready so you can close the deal.
9. MAKE SURE YOU UNDERSTAND BOAT VALUES AND PRICES
Buyer beware! A free boat could be the most expensive boat you ever own!
Let’s be real, you’re probably getting a deal for a reason. Most cheap boats are likely to be project boats (i.e., not in good condition). However, there are certain red flags you’ll want to avoid (like not having a working marine engine!).
So if you’re looking for a truly good deal, you should spend some time learning about boat values and pricing. Also, if you are new to boating it’s probably a good idea to hire a boat surveyor.
Happy boat hunting!