Learn How to Junk a Boat

Objects of value are often kept and cherished by its owners. This is the obvious behavior of the people who own such items, since they may have wanted that particular object or item for a long time and have worked hard to acquire it. It is then only natural for them to have a certain kind of attachment to that particular item and parting with it would not be as easy as some people might think. There are even some people who would try to hold on to an item as long as possible, even if doing so might mean that he will experience some form of inconvenience. But of course there comes a time when everyone needs to let go.

That is the thing that I am now personally experiencing, and I have to say that it is not very pleasant. To let go of something that has become such a part of your life is pretty tough, it is almost like letting go of a good old friend who has been with you through both the good times and the bad. Strange as it may sound, it can get pretty emotional; at least that’s what I am going through. I am in the process right now of letting go of my old boat, or as it is usually termed, how to junk a boat. As much as it is difficult for me, there’s actually a process to it.

Junking Your Boat

There comes a time when you have to say goodbye to your boat. It might be because the boat has simply aged beyond being used or even repaired properly, or it might have sustained some damage in whatever way. Whatever the case may be, you have a few options which you can choose from, when you are already going to junk your boat.

• Your first option is to sell the boat to a boat salvage yard. You might have to ask you boat dealer for help on this one. The sale will be on an “as is, where is” basis and a salvage yard that is connected with a yacht broker would expect that the engine, fittings, and electronics to remain with the boat.

• Boats that have aluminum and steel hulls should be taken to a scrap yard. The scrap yard will purchase the hull for the scrap value of the aluminum and the steel.

• Another option would be to donate the boat to charity. If the charity happens to be a non-profit organization that is actually acceptable to the Internal Revenue Service (IRS), then you can expect a reasonable tax deduction.