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wirren
wirren

Posted: Wed Jul 29, 2009 6:18pm

Post Subject: Buying a boat... HPI check like when buying a car ?

Hi, my first post. When buying a car you can contact the RAC or AA & have a HPI check done to check if there is any record of accident damage or if there is outstanding finance on it. Is there a similar process when buying a canal boat, how do you know that a finance company doesn't have an interest in it ? Thankyou...

Tony-B
Tony-B

Posted: Wed Jul 29, 2009 7:44pm

Post Subject: Buying a boat... HPI check like when buying a car ?

As far as I can make out you can't. However there are precautions you can take. First of all ask the vendor for all the receipts he holds for parts bought, work done and ideally right back to the original invoice. Also expect to see the service records. Ask to see records of the license renewals in HIS/HER name and then contact the craft licensing department of the relevant navigation authority to see if they can/will confirm their records match what has been represented to you. Unfortunately I suspect they might try to claim Data Protection and if they do go back to the owner for their written instructions to release the information to you. Get the vendor to sign a declaration that the boat is free of all finance and encumbrances. A broker may have access to sources the individual has not so buying through a broker AND getting them to join to the declaration. If anything goes wrong they will then also be libel. The more excuses the vendor makes to requests for the above the more ready you need to be to walk away. It would not hurt to have an informal chat with the boat yards in the area and possibly chandlers to see if they can throw any light on how well known the boat is, how long its been in the area and who owns it. If the boat was built after about 1997 ensure you get the full Recreational Craft Directive Documentation. If it is less than five years old or if it has been built as a business it is illegal to place an undocumented boat on the market in the EU. The absence of such documents may make the boat hard to sell at a future date and also get your surveyor to ensure the boat actually complies with the documentation - it is far from unknown for the compliance to be more theoretical than actual. Your surveyor SHOULD be able to tell you if there are significant weaknesses with the boat and if you decide not to employ your own surveyor be it on your own head. If you are worried about this then stick to buying via a broker or from a hirefleet that is selling off older boats. I fear there is no 100% sure way of avoiding being ripped off but taking all or some of the above steps and remembering that if it sounds too good it probably is should minimise the risks. Tony Brooks

wirren
wirren

Posted: Tue Aug 04, 2009 3:01pm

Post Subject: Buying a boat... HPI check like when buying a car ?

Thanks for the reply Tony. the seller has all his original receipts & build certificates. The boat is only 2 years old.

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