Know the ropes - Tips for buying or selling a boat online

Toronto (Ontario), June 1, 2010 – As Canada’s six million boaters prepare to set sail this summer, landlubbers and seasoned skippers are looking to trusted online boat references for the perfect cruise and sale. Two out of five boat shoppers are first-time buyers, according to 2010 research done by Ipsos Reid for AutoTrader.ca, one of Canada’s largest online sources of new and used recreational vehicles. Canadian boat buyers and sellers are co-captains of a marine industry worth $26.8 billion.1

With so much buying and selling out there, navigating the sea of new and resale boats can make the heartiest sailor somewhat seasick. Below are some seaworthy buying, selling and boating tips to calm online waters.

Know what’s hot. Buyers usually consider four brands of boats when looking online. Sea-Doo, Bayliner, Sea Ray and Lund are top online searches yet most buyers reel in a fishing boat when it is time to hit the water. Based on a recent AutoTrader.ca survey, Canadian boating purchase preferences are fishing boats (34 per cent), followed by powerboats (19 per cent), sailboats (11 per cent), pontoon boats (9 per cent), and yachts/cruisers (6 per cent).

“When it comes to buying or selling a boat – or any recreational vehicle – the Internet offers a treasure trove of fast, accurate and convenient searches,” said Geneviève LeBrun, Vice President of Marketing, TRADER Corporation. “Within minutes of using our new search engine, AutoTrader.ca buyers can map out the location, brand, model and price of their dream boat, and easily contact the seller.”

Go online before you go onboard. Although half of autoTRADER.ca boat buyers grew up around boats, it is still wise to refresh your memory about new styles, brands and technology. Considering nearly half of repeat boat buyers wait more than seven years before buying another vessel, it is imperative that buyers and sellers know current safety and licensing regulations. Service Canada and Transport Canada offer excellent, up-to-date boating information.

Advertise a boat for sale online. Two out of five buyers on autoTRADER.ca are first-time boat buyers so they are looking for ads that are easy to read and understand. If you advertise a boat for sale on the site, state clearly the make and the model, the length of boat, age, engine/horsepower specifications, availability of aftermarket parts/upgrades, model features, and above all price. As pictures are key to ensuring a boat sale, make sure to include one in your ad.

Practice good seamanship. Boats are a great family investment but not everyone can be at the helm. For youth under 16 years of age, there are horsepower restrictions and supervision regulations. Having a Pleasure Craft Operator Card or a Certificate of Completion from a Canadian Power & Sails Squadron course proves you are safe boater. Remember to take into account the age of your crew before buying a boat so you avoid getting into hot water.

Register for pleasure. Every pleasure craft, whether new or used, with 10 horsepower or more must have a registered licence number displayed on the bow. When buying a new boat, make sure it has a Hull Serial Number (HIN) and a Transport Canada compliance notice if the boat has a motor or could have one installed. Pre-owned boats should have an HIN number if built or imported after August 1981. Also, to avoid any unpleasant situations, boats should be certified by an independent surveyor before selling or buying one. Ask you local marine club or store to find a resource.

As one of Canada’s leading online destinations for buying and selling new and used vehicles, autoTRADER.ca has been making a splash in the recreational boating market for over 15 years. Consumers can post ads for free on the site to advertise their boat. In addition to boats, autoTRADER is also a print and online marketplace to advertise bikes, RVs, heavy trucks, snowmobiles, tractors, and any other type of vehicle.

About Trader Corporation
Trader Corporation (Trader) is a leader in print and digital vertical media and offers a broad set of services such as inventory management, web solutions, optimization of media spend and lead-generation campaigns.  Trader caters to the automotive, real estate and generalist verticals.  Its main print brands include Auto Trader™, Auto Hebdo™, The Bargain Finder™, Buy&Sell™, and Renters News™, and its online destinations, AutoTrader.ca™, homeTRADER.ca™, BuySell.com™, and LesPAC.com. Trader Corporation is owned by Yellow Media Inc., a subsidiary of Yellow Pages Income Fund (TSX: YLO.UN). For more information about Trader Corporation, visit www.TraderCorporation.com  or for recent news on Auto Trader, follow us on Twitter at AutoTrader_ca or on Facebook at AutoTrader Canada.

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For further information, please contact:

Mélanie Jolin
Trader Corporation               
514-764-4000 ext. 4311
Mobile 514-231-8383                    
melanie.jolin@trader.ca

1 National Marine Manufacturers Association (NMMA) Canada, 2010