The pirate's life for you? Lots of bargains on sea craft these days

When there's blood on the water, it's a good time to buy a boat. Or so it seems. The Boston Globe reports that if you are looking to get your sea legs, now is the time to buy. Thanks to the poor economy, there are an abundance of boats and pleasure crafts and very few buyers who want or can afford to purchase them. This perfect storm has left plenty of deals for would be captains to scoop up a steal on a new or used skiff.

The tightening credit market isn't the only thing holding back buyers, as the Globe points out many are fearful that gas prices will rise again this summer, making even a cheap boat expensive to use. It seems the more expensive the boat the bigger the discount, with one seller telling the Globe that a $300,000 boat is now fetching $150,000. Many of the used boats quoted in the article have seen their prices cut by between 25-30% to entice buyers.