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Old 04-06-2016, 09:45   #16
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Re: Why are boats so much cheaper in Europe?

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Originally Posted by bobnlesley View Post
Yet I know two people who for many years have - small scale/under the radar - been doing exactly this, but buying in the US/Caribbean and reselling in Europe.
That would be my expectation as well. Our boat routinely is double or more the price in Europe vs nearly anywhere else I (rarely) see them listed...

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Old 04-06-2016, 10:35   #17
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Re: Why are boats so much cheaper in Europe?

I've got a 2013 jeanneau 409 in Rhode Island that I would sell you at a very good price!
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Old 04-06-2016, 13:16   #18
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Re: Why are boats so much cheaper in Europe?

My wife and I have been doing something similar for decades. We don't confine our searches by geography but rather by price and condition. We have never lost money and we have never made money. We do this to pay for our cruising habit and we are always pleased to break even.

Supply and demand is the foundation of all markets. There will always be areas with an over supply and other areas with a higher demand.

We ship ahead our tools, windvane and HF radios etc and fly in, sail out.

It is easy to lose your shirt doing this. I would start by trying it on a modest scale within one country. Boats can be found relatively cheap in parts of the Great Lakes with depressed economies. It's a fun voyage to places like Rhode Island or Annapolis where boats are in higher demand. Hawaii to Seattle, Mexico to Seattle, Trinidad to Florida, etc etc
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Old 04-06-2016, 13:33   #19
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Re: Why are boats so much cheaper in Europe?

How to retire from the boat business with a Million Dollars?

Answer - Start out with Three Million
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Old 04-06-2016, 17:16   #20
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Re: Why are boats so much cheaper in Europe?

Just one tip which you are probably up to , dont use banks to do your $ transfers use one of the currency traders , this saved me $2700 on a $30k transfer.
I wont mention who I use but do your research and make your own choice.
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Old 04-06-2016, 20:47   #21
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Re: Why are boats so much cheaper in Europe?

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Just one tip which you are probably up to , dont use banks to do your $ transfers use one of the currency traders , this saved me $2700 on a $30k transfer.
I wont mention who I use but do your research and make your own choice.
Totally Agree!

I saved 3% using a UK company called World First and was really easy, they even provide a consultant to talk you through. Mine was AUD to USD but they have all kinds of options and you see the rate minute to minute.

In essence you create a contract at a certain rate then you do a simple transfer to their account, they then 'convert' that transfer to your desired currency and transfer it to an account you specify (either yours or a sellers) as long as that account accepts the currency type you're good to go. It is extremely rare that I am 100% satisfied with a financial service but this was one of them!

I don't work for them, I've also only made one (25k) transfer but I could not be happier, I'll never use a bank or money changer again if I can help it.

They gave me this link which gives me a bonus for referrals, but if you prefer not to click links in forums, just google "World First Currency" and it'll come up.

http://www.worldfir.st/uk/invited/?cguid=vcp2jyp

I figure if you find an awesome service you should share it.

Hope this helps,

Grant
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Old 05-06-2016, 05:42   #22
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Re: Why are boats so much cheaper in Europe?

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Just one tip which you are probably up to , dont use banks to do your $ transfers use one of the currency traders , this saved me $2700 on a $30k transfer.
I wont mention who I use but do your research and make your own choice.
I had good experience with Oanda. A fee dollars commission and wholesale exchange rate (down to a few "pips").


Just do not confuse a "spot" foreign exchange broker (which is what you need here to turn bank balance in one currency into a wire in another currency) with those outfits that will let you play with foreign exchange "futures".

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Old 05-06-2016, 10:09   #23
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Re: Why are boats so much cheaper in Europe?

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Just one tip which you are probably up to , dont use banks to do your $ transfers use one of the currency traders , this saved me $2700 on a $30k transfer.
I wont mention who I use but do your research and make your own choice.
Our credit union only charges 0.5%.
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Old 05-06-2016, 10:14   #24
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Re: Why are boats so much cheaper in Europe?

I suspect you are seeing the last bits of the fall in the value of the Euro. It was running around $1.50 and then quickly dropped to around $1.10 where it has been hovering lately but I think you may have missed the window.


But even then after you factor in air travel, survey, documentation, brokerage fee on the sales, etc... and then bite off the big one and bring the electrical system to 110v-60hz, at best you are probably looking at break even...if you are knowledgeable and careful.


As someone else suggested...great idea if you plan to cruise in Europe for a few years but to just buy a boat and sail out the next week, not so much.
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Old 05-06-2016, 10:26   #25
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Re: Why are boats so much cheaper in Europe?

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Our credit union only charges 0.5%.
I bet that you will find that the 0.5% is just the explicit fee, but they also make about 3 percent hidden magin in the exchange rate they quote vs the real market (as in USDEUR pair in Yahoo for example).
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Old 05-06-2016, 10:34   #26
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Re: Why are boats so much cheaper in Europe?

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I bet that you will find that the 0.5% is just the explicit fee, but they also make about 3 percent hidden magin in the exchange rate they quote vs the real market (as in USDEUR pair in Yahoo for example).
Nope, they matched the yahoo rate.
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Old 05-06-2016, 10:36   #27
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Re: Why are boats so much cheaper in Europe?

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Nope, they matched the yahoo rate.
That is very good. Can you share the name of the CU?

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Old 05-06-2016, 13:16   #28
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Re: Why are boats so much cheaper in Europe?

Good luck !! Made money on 2 boats but lost 150k on another and that boat looked like the best deal. Things change and you can get caught many different ways. Just have a small cheap boat these days, can't lose to much.
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Old 05-06-2016, 13:39   #29
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Re: Why are boats so much cheaper in Europe?

Boats are cheaper in USA comparing to Europe
Also US boats are much roomier than their European counterparts
A 110 wire is thicker compared to 220 v one so you need to rewire the 220 circuit
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Old 05-06-2016, 16:04   #30
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Re: Why are boats so much cheaper in Europe?

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Changing wiring and systems to go from 220v to 110v will be expensive. You best look in to that before going forward. You didn't mention whether you were looking at new or used boats. New French boats over there may be cheaper because (a) no import duties to get in to the US and (b) no shipping/delivery costs.
I'm in the uk we as you say use 220v but I'm also a joiner and on site we have to use 110 v so with a simple transformer you could have all the sockets at 110 v very easily .
But I think I'm in agreement with the most . Funnily enough I thought about sailing US boats over to the uk and selling them as you boats are cheaper then ours lol .
Oh and one more thing . England is about to have a referendum whether or not to stay in the eu . No one really knows the effect this is going to have on the euro either way but it could be dramatic !
Good luck
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