Ok I just found this thread and read thru it all. Quite interesting. I am trying to comprehend the depreciation on boats. I did a search on Yachtworld. Set a price
and a length. 35' to 45' and a price
of $125k. On that list I found tons of Catalina's, Benetaus, Hunters, and then other boats. you can get a 2004 Hunter
36 for $125k or a 1976 Heritage 37 for $12k.
Quality boat is pretty hard to define but I will choose Swan as an example of a quality boat b/c I am interested in one. There are three for sale
on the West Coast
of the US. All three in SF Bay
Swan 371 1980 $95k
Swan 41 1976 $115K
Swan 43 1971 $109k
The Swan 41 has nice upgraded electonics, teak deck
that were replaced in 1997, New engine in 1991 (1350 hrs), 4/06 survey
says that replacement value is $375k. A large inventory of sails
-- some new . mkt value was said to be $125k.
Swan 371 newer Holland
design boat. not as nice electronics
, less cruising equipment
on board smaller boat.
Swan 43 oldest boat. no teak
decks. pictures make it look older yet.
What conclusions are we to draw from the asking price of these boats. All three boats are about 30 years old and there prices have stuck at around $100k.
Bells and whistles don't make too much difference in price Swan 41 has $10k to $12k of electronics
on it and is newer than the Swan 43 and there is only a $6k difference in asking price.
New (2004) Hunter
36 is for sale
with an asking price of $125k. 1995 Beneteau Oceanis
40 1995 for just under $125k.
Hunters and Beneteaus have lost
approximatley 1/2 there value in about ten years. Swan 41 has actually gone up in value. In 1977 they were selling new for around $70k and now they are selling for $115k. (personally I'd rather have $70k in 1977 as opposed to $115k now. Could have bought two houses in SF outright with $70k. Now $115k isn't even a twenty % down on the same houses. No inflation. Yeah right.) I read an article on the Swan 41 that said in 1985 there were six Swan 41's on the market in the world ranging in price from $115k to $166k. Today on the world market the prices are the same. They are not the same dollars b/c of inflation.
I'm thinking that if you buy quality then when/if you sell you are more likely to recoup your money
. Whatever goes into electronics, sails
, and do dads for the boat is a maintenance
cost and will not be recouped or maybe just at pennies on the dollar.
Please Poke holes in my logic. I am thinking of buying
a Swan. The Admiral thinks that we would lose the same amount of money buying
an inexpensive boat or a quality boat. In the mean time we could sail a nice albeit older boat.
There is the chance of making money or at least breaking even by buying the boat here on the West Coast
of the US and selling it in Europe
where the more expensive Swans are located. Don't know if I buy it and there are so many curve balls with exchange rates and such but who knows?