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Old 21-04-2014, 04:05   #31
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Re: Do Cat Values Change by Location?

Originally Posted by Palarran View Post
Originally Posted by weavis
The economy is forcing more realistic prices for used Cats. Sailing is expensive and when a person needs to unload fast, they usually have to unload like 'right now'. the price will tumble on a good offer. Otherwise the seller will be sat on a value they want for a year or more.
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Maybe 4 or 5 years ago. Today, the prices are up quite a bit. I'm fairly certain my boat would sell for 10% more that what I bought it for plus all the upgrades I've done. This is based on the other 7 that are on the market and the ones I know have sold recently.

What many have been doing for years is buying cats in the Caribbean and sailing them to Australia where they sell for enough of a premium it pays for their cruise. I believe the Aust. dollar has gone down this last year so the premium may not be as much now
My comment is not invalidated by an index linked rise across 5 years for a used CAT. The reality is what it is.

I have been looking at a particular older model Catamaran for a specific purpose, and note that the average advertised selling price is 50K Sterling. ($84000 US)

However, after negotiating price on one CAT... the buyer would not drop beyond 45K Sterling, I found 3 other Cats, all the same model, in equal, (one in MUCH better condition) starting at 30K Sterling. A colleague of mine was so keen on that one that he offered 27K and the offer was accepted immediately.

On this basis, I looked at other Cats, more expensive and later models and found that MANY people are unloading due to economic difficulties. For a little looking around and hard bargaining, a deal can be had.

If a vessel owner is in good financial shape, has a lovely boat and is not in a hurry, they will wait for the equally positioned buyer who wants what they want and will pay the price. Certain Cats have a niche market, and you gotta pay to get them or you have to know the sellers status to risk losing it on an offer.

I live in Europe and as such, any european sailing here needs a VAT paid boat. We dont look outside of Europe too much except for a specialist vessel, but then will have to pay another 30%ish to get it registered and tax paid.

So I stand by my statement in the context of what was said. Your boat at market pricing is a good deal for someone willing to pay for an excellent well maintained vessel. You are not going to budge on price.
Unless I really NEEDED your boat, I would be going after another vessel with an owner with a need to There are plenty out there.

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Old 21-04-2014, 04:19   #32

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Re: Do Cat Values Change by Location?

Originally Posted by Palarran View Post
Tropic Cat,
Interesting link to that FSBO site. Based on the asking ....
How so? That site has been up for 5 years and has sold a lot of boats. Or are you comparing cruising boats to charter boat prices? It's why that site breaks out boat inventory separately. As you well know, cruising gear is not free, and in some cases is a serious investment.

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