part exchange

[youen]

Helo
What mean art exchange:,it concern a boat for sale though a yard.Does it warranty something.Thanks

 

[Evadne]

In th UK, "part exchange" implies the boat has been taken as part payment by the yard when someone bought a bigger boat, and now they are selling it. The implication is that it will be cheaper than a "normal" sale, as they want to offload it as quickly as possible.

 

[jason -and the arguenauts]

Yes - it could be very useful. If the boat concerned has been taken in by a broker as a part exchange, that means he owns it. That in turn means he is selling it as a pro to you the punter so the sale of goods act applies, which it doesnt in a normal sale.

You need to talk to a lawyer to get the real info but its a bit like the difference between buying a car from a dealer and buying one privately.

IMO the boat is worth more if its a part ex.

But I might just be talking through my ar*e so check befoire you rely on the above.

 

[rhumlady]

I bought my Konsort from the previous owner through a broker. The owner took my Dufour 1800 in part exchange and sold it on thus freeing me from having to go through the sale process. I think that the boat I purchased had been on the market for a while and doing it that way enabled the owner to get some cash quickly.

 

[Cardinal]

Part Exchange

Surely, the use of this phrase might simply mean that the seller is willing to accept another boat in part exchange with equality money paid either way.

 

[Tranona]

Helo
What mean art exchange:,it concern a boat for sale though a yard.Does it warranty something.Thanks

It could mean a number of things. If the yard is saying that it took the boat in part exchange for a boat it was selling then it could mean the yard owns the boat. If you buy the boat you then have different legal rights compared with buying from a private citizen where the yard is acting as an agent for the owner.

It should not make any real difference to the price except if you are dealing with the yard as owner they may be more willing to do a deal than a private owner.