Once a dealer takes your trade-in you are no longer the owner of your boat and not responsible for it. This can be a considerable benefit as you’re no longer responsible for all the associated overhead of dockage expenses, maintenance, crew, and insurance premiums. In addition, since you are no longer the owner you will not be subjected to any price negotiations, showings, sea-trials, surveys, or repairs related to the sale which can be both emotionally and financially taxing. All you need to focus on is enjoying your newly upgraded yacht.
In addition, when trading in your current boat and moving into your new boat, there are many sales tax incentives that you can take advantage of. AYS brokers are well versed in these benefits and can guide you every step of the way.