In this section we provide information on buying a new or pre-owned boat in Cayman, and we also talk about the Cayman Islands' Government boat licensing fees and boat insurance.
If you would like to buy your own boat, here are a few things to consider.
Once you have decided on the type, size and price range, the next thing to decide is whether you want a new or used boat.
You get more boat for your money with a used boat, but you sacrifice the warranty. There are several brokers specialising in used boat sales but they can also help you with the process of buying a new one, whether in Cayman or overseas. A good broker will help you determine what you need in a boat and scour the market with you as your ally, steering you away from potential problems and boats that might be considered poor value.
New vessels may not be trouble-free, but if you purchase from a local dealer, you have the benefit of warranty service on-Island. There are several new boat dealers in Cayman selling a wide range of quality vessels. Pricing is competitive and the sales staff are quite knowledgeable.
Boat Dealers & Yacht Brokerskeyboard_arrow_right
The boat dealers in Cayman are experienced and professional and know what will and won’t work out on our waters. We have phenomenally well stocked chandlers, and a wealth of experienced boat mechanics who can repair almost any problem. They also sell new and used boats of all shapes and sizes.
Outboard Motorskeyboard_arrow_right
Find authorised outboard dealers and service centres for all of your repower and service needs.
Read MoreBoat Licensing Feeskeyboard_arrow_right
The Government imposes an annual fee on vessels in Cayman which is collected by the Port Authority.
Boat Insurancekeyboard_arrow_right
Boat insurance is not compulsory in Cayman, although your bank will probably require it if you have taken out a loan to finance your dreams and offer you piece of mind.