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Q: What security measures should I be prepared for when coming to the Show?
A: Everyone on show site is subject to Random bag checks
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Q: How much can I expect to pay for marine insurance?
A: Cost for marine insurance depends on several factors, like your boating experience, current navigational equipment, where your yacht will be used, the value of your yacht and whether you will be living aboard or cruising offshore.
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Q: If I buy a used yacht, who is responsible for paying the yacht broker?
A: Similar to real estate, the seller will pay all yacht broker commissions.
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Q: Why do I need a survey done before I buy a used boat?
A: A professional survey is essential for all used boat sales, and most lenders require one. These surveys can uncover information about the boat’s condition that you may not have known. Getting a professional survey before you buy could save you thousands of dollars down the road. It’s better to be safe than sorry.
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Q: What financing options are offered to make the most of my boat purchase from an investment standpoint?
A: Your boat may qualify as a residence for purposes of deducting interest expenses on your tax return. In such instances, some customers choose to finance more of the purchase price of their boat and hold on to their cash for other purposes. Of course, you need to discuss these issues with your tax advisor for specific recommendations.
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Q: What fees are associated with loans
A: Investigate closing costs and other loan-related fees. These can include, but aren't limited to, processing and underwriting fees, appraisal fees, the cost of a credit report, tax service fee, application fee, and others.
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Q: What payment plan options are offered?
A: Look for banks that offer more than the typical monthly payment plan. For example, you may be more comfortable with a seasonal payment plan that allows you to skip up to three consecutive monthly payments per year and continue to skip the same months each year for the life of the loan. This option can be especially attractive for people with seasonal variations in income, such as contractors, sales representatives, retailers, consultants, and others.
Or for those with a large seasonal bonus, an annual payment plan option may be best. With this option, customers make just one payment a year, and can delay the first payment up to six months for some “breathing room” between the time of the down payment and the time of the first payment.
For those who wish to pay down the principal faster in order to save on finance charges and shorten the loan term, a bi-weekly payment option may work best.
If you want to avoid check writing hassles and guarantee that your payments will be on time each month, you may prefer to make automatic loan payment deductions from a checking or savings account through Automated Clearing House (ACH) transfers.
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Q: How long will it take to process my loan?
A: The most sophisticated marine lenders can process loan applications from within a few minutes to a few hours, depending on the complexity of the loan. In many cases, a customer can be notified of the results within a matter of hours. Your marine dealer/broker can help facilitate a quick loan decision through their relationships with various lenders. Also, you may call most lenders directly or go to their Internet sites for additional information.
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Q: What should I look for in a lender?
A: When selecting a lender, make sure the company specializes in boat loans. For example, when buying a used boat, lenders need to understand related laws such as mechanic's liens and possessory interest. Without this expertise, you could end up having to pay for retroactive yard fees and mechanic’s charges.
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Q: How do I find the right luxury yacht for me?
A: A: Contact a licensed yacht broker or dealer, they specialize in finding the right new yacht for you and they have an extensive network of listings should you be interested in a used yacht.
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Q: Does the Show provide storage facilities for luggage or purchases?
A: No
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Q: Does the Show provide on-site baby-sitting or daycare services?
A: No
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Q: Is the Show handicap accessible?
A: All entrances into the show are accessible for people with disabilities. However, access aboard boats is at the discretion of the exhibiting company.
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Q: Are pets allowed?
A: No
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Q: Can I bring food or beverages into the show?
A: No
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Q: Where can I get a map of the show sites?
A: The Official Show program
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Q: How and where can I find if a company is participating in the Show?
A: The Official Show Directory has a comprehensive listing of all companies exhibiting at the Show (in alphabetical order and cross-referenced according to marine category), and their exhibit location.
You can also ask for help at the Official Show Information Booths scattered throughout the venues.
Make sure to pick up an Official Show Directory at the main entrance to each show site, or at the Official Show Information Booths.
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Q: Is there anything else to buy besides boats?
A: Yes. There is much more to the Boat Show than just the boats. There’s apparel, electronics, fishing and diving equipment, jewelry, hats and caps, sunglasses, real estate, artwork, magazines, multi-media, safety equipment, boating accessories, generators, and more. Even if you don’t own a boat, you can still go on a shopping spree.
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Q: Can I get aboard any boat?
A: In general, most boats at the show can be boarded, with the exception of the superyachts and megayachts. In some cases, you may have to go through a qualifying process to get on board a boat, in others, you can just take your shoes off and go. Access is granted at the discretion of the exhibiting manufacturer/dealer
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Q: Can I buy a boat at the Show?
A: Absolutely!
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Q: Will a ticket get me in the show all days?
A: No. Admission is valid for one day only.
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Q: Where can I buy a ticket?
A: You can purchase a ticket at the box office at Bahia Mar Yachting Center, Las Olas Marina, the Broward County Convention Center and off show site at Las Olas Riverfront where you would catch a ride on the free Riverboats. Avoid the long lines at show site and purchase tickets ONLINE from this web site
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Q: I am coming to the Show from out-of-town. How can I make travel arrangements, including hotel accommodations and rental car reservations?
A: Contact the Show’s official travel agency:
Miggy Hunt from Identity Travel
(866) 877-3083
miggy@identitytravel.com
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Q: Do I need to make an appointment in advance to visit a manufacturer or dealer?
A: Yes, but not necessarily. The advantage of the Boat Show is that there will be plenty of representatives and dealers on site ready to start negotiations with you at the Show. Visit the “My Show Planner” section of our website, register and you will be able to contact the brokers direct through our site and start your appointment making in advance.
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Q: Can I test drive a boat at the Show?
A: No. All in-water displays are locked in place as a precaution. You can however make arrangements at the show with the manufacturer/dealer to test drive models at some other time once the show has concluded.
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Q: Can I get aboard a superyacht or megayacht?
A: Access to superyachts and most megyachts is not open to the general public. Boarding these yachts is usually by private invitation only, with arrangements made directly between brokers representing potential clients and the yacht owner. This generally means that the broker would like to speak to you at length before you board the vessel and that these types of vessels are shown to one person/group at a time.
