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Old 04-01-2011, 08:23   #1
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Selling a Cruising Boat in NZ - Advice, Please

Hi fellow cruisers,
I would like to test an idea with you:

In a year or two we should with any luck arrive in NZ after sailing from Europe. Our yacht is a classic sailing boat from UK, a Nicholson 32 Mk X (1973, 33ft GRP long keel), refitted over the years for cruising with all the reasonable equipment for safety and comfort.

Now, the idea would be to sell the boat in NZ and fly back.
Any thought on the prospects for this idea, is there a reasonable market for a boat of this type? Our price expectations are modest to get it sold fairly quickly.

Any ideas about the best area/city to go for? Also Australia could be an option.

Other considerations?

Thanks for any input,

Martin
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Old 09-01-2011, 03:51   #2
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Hi Martin, the second hand boat market in N Z has been depressed for some years, and is currently rock bottom,lots of sellers, very few buyers. Australia would be a better option, cheers Martin Ford (in NZ )
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Old 09-01-2011, 13:34   #3
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I did something similar with a boat in the US, sailed it for a year then sold it for 2k less than I paid, seemed like cheap sailing to me.

Auckland is the biggest market but also most expensive to park it till it sells.

I would price it low and get out quick, thus spend very little on the boat in the interim. Sail it as is with the gear that came with it. Anything you spend on upgrades or new kit you will probably never see again.

For a handle on the market check out these two sites

Buy online and sell with NZ's #1 auction & classifieds site | Trade Me

Crew.org.nz • View forum - Classifieds
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Old 09-01-2011, 14:30   #4
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I do know that Sailors in NZ take boats to Australia to sell and get a better price. My boat came from Auckland to Sydney. I was in NZ just a few weeks ago and had a look at the prices. Boats are cheaper over there. Sydney or Melbourne would be the place to sell I think.
Good luck
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Old 09-01-2011, 15:06   #5
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Last delivery I did was a guy who was buying an offshore registered boat in Brisbane, but the Aussies wanted him to pay $$$$$$$$$ to the gov't. It was cheaper to pay to deliver it to NZ, sell it and deliver it back.
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Old 09-01-2011, 16:10   #6
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In OZ

Foreign vessel in Australia, you get 12mths cruising permit, after which the boat must be imported = (15% GST/import duty). While you are on the cruising permit you cannot put the boat up for sail in Australia or 15% GST/duty becomes immediately payable. Don't know how rigorously this is enforced. Maybe they have people checking broker websites. Anyone had any experience ?
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Old 09-01-2011, 16:13   #7
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sail= sale
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Old 09-01-2011, 20:08   #8
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You will be liable for duty, plus GST in NZ also....unavoidable.
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Old 09-01-2011, 20:17   #9
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in NZ you are normally only liable for GST if you are GST registered. Normally applies to businesses rather than individuals.

I could be wrong here but Boats often get sold without GST in NZ (however this could go out the window if its an imported boat.

Damien
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Old 09-01-2011, 20:30   #10
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I have had personal experience...if you import a boat into NZ duty (at I think 6 per cent from memory), and GST (15 per cent) MUST be paid, Martin Ford .....in NZ.
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Old 09-01-2011, 23:05   #11
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But selling in NZ you have the option of selling to a non NZ owner who will take the boat back out of the country and not paying, that option is not available in Aus.
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Old 20-01-2011, 05:43   #12
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Everyone, thanks for your input!
Cheers,
Martin
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