Buying a salvage-title boat carries significant risk. Salvage titles are issued when an insurance company has declared the boat a total loss due to damage, theft recovery, or major structural issues. Financing a salvage-title boat is nearly impossible, and insuring it is more expensive. Resale value is substantially lower. The only scenario where it can make sense is if you are mechanically skilled, buying at a deep discount, and plan to keep the boat long-term.
Should I buy a boat with a salvage title?
