Originally Posted by Palarran
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.
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 unload......fast. There are plenty out there.