Originally Posted by denverd0n
Make your purchase
based on the soundness of the design and the quality of the construction TODAY. Not on what you think might or might not happen in the next 10 or 15 years.
and probably also brand name, if resale important. Will always be easier to sell something like a Hunter
than a Squiddly Wotsit
- even if the latter be the better boat. Price acheived being a seperate thing - but usually related to many folks having heard of the builder
in the Fabergé Egg side of the boat business
off the shelf (COD
) then little to worry about if builder
goes bankrupt the week after (apart from loss of "Warranty" - and possibly help in de-snagging).
However if it is a cash upfront and delivery
later deal (whether or not stage payments - aka you
providing the builder with working capital) then IMO sensible to protect yourself as far as possible - just in case the company goes pop during the build
. Probably won't happen (but it does sometimes) - lots of 000's is usually a sum of money
best not protected solely by keeping fingers crossed (even if in practice many folks do that).