Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 13-10-2014, 11:17   #31
Moderator
 
a64pilot's Avatar

Cruisers Forum Supporter

Join Date: Oct 2013
Location: Albany Ga.
Boat: Island Packet 38
Posts: 17,032
Re: Best Projected Resale Value

As far as "improvements", you will not get your money back, but if they make the time you owned the boat, more pleasant, then it may be worth it, The furling boom on my boat, nearly new and I was told cost with new sail >10K, but added nothing price wise to the boat.
__________________

__________________
a64pilot is offline   Reply With Quote
Old 13-10-2014, 11:52   #32
Registered User

Join Date: Jun 2014
Location: Amsterdam
Boat: Myra 21 - 1973 - MD2B
Posts: 46
Re: Best Projected Resale Value

Quote:
Originally Posted by drzasa View Post
In my experience if you are worried about cost at all boating/cruising is not for you. If you have a very limited budget after you buy your boat it's not for you.

Thanks for sharing your experience.
Buying a boat is the least I'm worried about: it's getting rid of it later on.
Projected resale value seems a good indicator of this.
__________________

__________________
Vronsky is offline   Reply With Quote
Old 13-10-2014, 12:15   #33
֍֎֍֎֍֎֍֎֍֎

Cruisers Forum Supporter

Join Date: Apr 2006
Posts: 13,029
Re: Best Projected Resale Value

You might look at what the charter fleets are selling off as old boats. The biggest depreciation hit is already over, and what they charter (and then sell) are usually popular boats with popular equipment, which means there is a larger market looking to buy that same boat. If you can buy the same thing from the second owner, who presumably has paid the higher price the charter company was looking for...

Or you might drop by a few brokers, sometime when it isn't busy. Ask them, what sells quickly? Quickest? A smart broker will give you a few minutes of their time, since you may come back and use them if you do wind up buying and selling the boat.
__________________
hellosailor is offline   Reply With Quote
Old 13-10-2014, 12:53   #34
Senior Cruiser
 
nautical62's Avatar

Cruisers Forum Supporter

Join Date: Jul 2008
Location: Live Iowa - Sail mostly Bahamas
Boat: Beneteau 32.5
Posts: 2,264
Images: 12
Re: Best Projected Resale Value

In the Caribbean, the market if flooded with boats coming out of charter, being offered for sale. High supply tends to lower price, and I think this is especially true of boat in the mid 30s. Despite the supply and lower costs, in that price range, the costs of flying to the Caribbean and spending time to boat shop is prohibitive. I had my Beneteau on the market there for 6 months without a nibble. It got a lot more interest once I moved it to Florida.

Slipping a boat you are no longer using and have for sale in the Caribbean can also be an expense.
__________________
nautical62 is offline   Reply With Quote
Old 13-10-2014, 16:12   #35
Senior Cruiser
 
Cheechako's Avatar

Cruisers Forum Supporter

Join Date: Aug 2006
Location: Skagit City, WA
Posts: 19,342
Re: Best Projected Resale Value

Yeah, even in Florida it took me 1.5 years (before the recession) to sell a Hans Christian at 60% of asking price....
__________________
"I spent most of my money on Booze, Broads and Boats. The rest I wasted" - Elmore Leonard











Cheechako is offline   Reply With Quote
Old 05-11-2014, 07:33   #36
Registered User
 
RKsailsolo's Avatar

Join Date: Mar 2013
Location: St Paul, US
Boat: Jeanneau 349 2015
Posts: 706
Re: Best Projected Resale Value

Quote:
Originally Posted by barnakiel View Post
Perhaps something that exists in both US and EU world?

An Oceanis perhaps?

5-6 y.o. perhaps?

I would also consider a decent cat. More people want cats than monos.

b.

More want cats vs monos??? Don't think that can be substantiated. If it is apparent sentiment as expressed in forums like these, that may be a common perception but looking at actual boat sales may prove otherwise. Bottom line is that unless your willing to put a lot of money down on a very well used cat that's still over $175K US, from my research I see a better value for same amount of money buying a later model monohull.

Yes, many express the sentiment, me included; we love cats but when it's time to decide and pay my $150K, For that money I can't buy a decent cat that won't force me to constant repair and refit. (Think 2007 Mahe, 2004 Leapord 38) For same money I can get a new or slightly used wide beam, chines run aft, big cockpit mono that lets me cruise immediately with substantially less operating costs over time. Plus, there's a bigger number of sailors who can afford to buy your mono vs your multi when you need to sell it.
__________________
RKsailsolo is offline   Reply With Quote
Old 05-11-2014, 08:38   #37
Registered User

Join Date: Jul 2011
Location: Alameda, CA
Boat: C&C Newport 41
Posts: 586
Re: Best Projected Resale Value

Quote:
Originally Posted by a64pilot View Post
As far as "improvements", you will not get your money back, but if they make the time you owned the boat, more pleasant, then it may be worth it, The furling boom on my boat, nearly new and I was told cost with new sail >10K, but added nothing price wise to the boat.
I dont fully agree with this...

Some improvements improve the sailability and resale value of the boat. I DO agree that most do not.

For example, new sails, a redesigned galley, new electronics or painting the hull dramatically increase the resale value of a boat where as replacing the laminate sole with real teak will not.

A64 makes a good point that real value of an 'upgrade' is recovered in the increased comfort / enjoyment while you own the boat and less so when it comes time to sell the boat.

If one is smart about the improvements, the result at time of sale will almost always be favorable. So as to say, one may not recover the cost of an improvement but they are likely to sell the boat while it's stock sister remains for sale.

-steve
__________________
ssanzone is offline   Reply With Quote
Old 11-11-2014, 18:44   #38
Registered User

Join Date: Apr 2012
Location: Winter Germany, Summer Med
Boat: Lagoon 380 S2
Posts: 1,026
Re: Best Projected Resale Value

My figures for the last boat.
Bought a well equipped Lagoon 410 in the Med well below market value, spent 10% on fixing and improving
Sold after 2 years in the caribbean for initial cost + 20% within two weeks of listing


The deal on my current boat was similar, roughly 30% below realistic market value. Again due to special circumstances of the seller

I think there are two important factors. Choose a boat with a considerable market, something that has a determined market value and is therefore easy to sell for a realistic price. And then find a bargain that is not a worn out dog
__________________
rabbi is offline   Reply With Quote
Old 24-01-2017, 12:29   #39
Registered User

Join Date: Jan 2017
Posts: 563
Images: 2
Re: Best Projected Resale Value

Very interesting topic, let's revive it . Absolutely agreed, that private boat ownership is more an emotional thing than a clear-cut financial decision, versed differently: buying vs renting.

However, ownership becomes a financially valid point very quickly if someone sails a lot. A week bareboat in the mediterranean starts around 1500€ for a boat you can buy 2nd hand for maybe 40k€. On limited holiday time, one sails maybe 3 weeks a lucky year - that means 5k€ at a charter operator. 5k€ sounds a lot, but when that 40k€ boat gets a decent insurance (not just liability), is delivered to the other end of the world in every 5 years because you want to try a new spot, that will also come close.

I did not dive deep in the exact figures, but I feel it's similar to car-rental in a holiday destination. As a working vacationer, staying 2-3 weeks, you rent. Easy, no worry about maintenance/repairs/insurance (other than your personal one), and one year you sail the Mediterranean the other year the Pacific. The situation completely changes once someone has more time for sailing - just like you won't rent a car for a full year - that would cost the price of a completely new one.

What is your experience, how many weeks of yearly use makes boat ownership a financially sound decision?
__________________
GTom is offline   Reply With Quote
Old 24-01-2017, 15:37   #40
Registered User

Join Date: Jan 2015
Location: Victoria BC
Boat: 1980 Hunter 36
Posts: 675
Re: Best Projected Resale Value

Quote:
Originally Posted by GTom View Post

What is your experience, how many weeks of yearly use makes boat ownership a financially sound decision?
'boat ownership' and 'financially sound decision' is the definition of an oxymoron

Having said that, I could never afford to own property in my lifetime so living on a boat is the only way I am able to own where I live. With the advantage of living right downtown and being able to take my home with me when I travel! So I guess that counts as financially sound as I have paid off the boat and am paying way less in moorage than I would in rent/mortgage? Ok, that's kinda reaching.
__________________
S/V Gudgeon
www.gudgeonblog.ca
alctel is offline   Reply With Quote
Old 24-01-2017, 17:07   #41
Registered User

Join Date: Jan 2017
Posts: 563
Images: 2
Re: Best Projected Resale Value

Quote:
Originally Posted by alctel View Post
'boat ownership' and 'financially sound decision' is the definition of an oxymoron
Right However, depending on situation, one of the options (either buying or rental) can leave couple of thousand bucks in your pocket.

Quote:
Having said that, I could never afford to own property in my lifetime so living on a boat is the only way I am able to own where I live. With the advantage of living right downtown and being able to take my home with me when I travel! So I guess that counts as financially sound as I have paid off the boat and am paying way less in moorage than I would in rent/mortgage? Ok, that's kinda reaching.
Yeah, everybody is in a different situation. I guess charters are for people who sail/use the boat less than 1-2 months a year. More than that simply fills more money to the charter company's pocket than your own boats upkeep/continuous upgrade and depreciation would cost.
__________________

__________________
GTom is offline   Reply With Quote
Reply

Tags
sale

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Do Catamarans Have a Better Resale Value? ChickenVindaloo Multihull Sailboats 34 09-09-2013 16:25
Best Resale in Oz Budawang Dollars & Cents 30 24-05-2011 09:28
Real Resale Value of Homebuilt Catamarans clockwork orange Multihull Sailboats 21 14-12-2009 17:10
Resale Value / Depreciation Sandero Monohull Sailboats 15 23-04-2009 15:12
What is the best size and type boat for resale? irwinsailor Boat Ownership & Making a Living 11 22-06-2006 19:02



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 01:54.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.