To enjoy a boat to the fullest, buyers want to be sure they are informed about the warranty on the boat and its parts. Owners should fully understand the warranty that comes with the purchase of a boat, including details such as when and if the warranty covers outboard repair or other needs that may arise. The following tips may be helpful to consumers considering or ready to make a purchase of a new or used boat:
Factory-backed Warranties: Some warranties are factory-backed, and others are not. When a warranty is factory backed, should any problems arise during the contract period, owners can deal with authorized dealers rather than separate underwriters.
Parts Warranties: Always ask about the warranty of parts. Even for reliable brands like Johnson parts, occasionally things can go wrong. In addition, don’t assume that all brands have the same warranties for their parts. For example, Mercruiser parts may have a different warranty than the same part made by a different manufacturer. Always ask before buying.
Warranty Transfers: Some dealers offer a warranty transfer only for the first resale. In this case, if the second owner also decides to sell the boat, the warranty is no longer valid. Many buyers prefer warranties that cover additional transfers. Buyers who want specifics, such as how the coverage applies to specific companies and parts, such as a Mercury engine or other parts, should ask the dealer.
When you make an investment in a boat, take steps to ensure peace of mind later. Be informed of your choices, and make the ones that best match your personal budget and propensity for risk. While a seven-year extended warranty on a boat offers a lot of reassurance, not everyone needs this type of coverage.