It’s boat-show season, and that means all kinds of special deals are being offered by manufacturers and dealers. Their goal is to get you to sign on the dotted line. Let’s see how savvy you are.
1. We expect dealers to have sales personnel at a boat show, but what other departments should also be on hand?
A. Service
B. Parts and accessories
C. Warranty
D. All of the above
2. How long of a term can a buyer with good credit get for a boat loan?
A. 5 years
B. 10 years
C. 15 years
D. 20 years
3. You’re a serious buyer. Before heading to the show, what is the most important thing to establish?
A. The size of boat you want
B. The size of engine you want
C. Your budget
D. None of the above
4. Many show-goers don’t have tens of thousands of dollars lying around to purchase a boat outright. That means financing. What do lenders consider to be a good credit score?
A. 650
B. 675
C. 700
D. 725
5. What is the biggest mistake first-time boat buyers make?
A. They buy the wrong type of boat
B. They buy too small of a boat
C. They buy an underpowered boat
D. All of the above
1. A. A smart dealer will have the service manager on hand to answer questions.
2. D. Depending upon the purchase amount.
3. C. Know your budget and don’t exceed it.
4. C. According to lendingtree.com.
5. A. If you want to haul a crowd, don’t buy an 18-foot cuddy.
