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27-06-2016, 07:02
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#1
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Registered User
Join Date: May 2016
Posts: 36
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new guy
Hi everybody, I'm new here and new to sailing (I only have theory courses, no sailing experience). Here's the history:
The wife and I are retiring from the Canadian Armed Forces. When we retire, we will take in about 100k a year in pensions. We're going to sell both houses, make about 250k (I hope) in profit. To save, we are going to purchase a cheap mobile home on the sunshine coast or Vancouver Island for under 50k, saving as much money as we can for a future boat.
Here's the thing: Knowing that we will only have as much as 1/3 to put down on a brand new Lagoon 39 and finance the rest, do we do that or try to purchase an older one for less? I'm thinking that after shipping, duty, and taxes, an older boat is going to cost me not much less that a new one, not including the repairs that go into an old one. And, can I finance a new one (300k) over 20 years and live on a 100k as long as my bills are minimal (paid off car, mobile home, but there is pad fees in a trailer park).
I figure there must be a lot of people out there that have experienced this. Oh yeah, the other thing is, there are very minimal used catamarans for sale out of Canada, that's why the necessity of looking elsewhere, but you can buy brand new out of Vancouver.
Comments?
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27-06-2016, 07:11
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#2
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Moderator Emeritus
Join Date: Feb 2014
Location: Seville London Eastbourne
Posts: 13,406
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Re: new guy
No advice for you. Just a warm welcome to the CF.
__________________
- Never test how deep the water is with both feet -
10% of conflicts are due to different opinions. 90% by the tone of voice.
Raise your words, not your voice. It is rain that grows flowers, not thunder.
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27-06-2016, 07:28
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#3
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Registered User
Join Date: Sep 2008
Location: Sarnia,Canada
Boat: Catana 471
Posts: 218
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Re: new guy
Quote:
Originally Posted by alverz2007
Comments?
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Buy a GOOD, used, well equiped Lagoon 380, consider keeping it in the states to avoid CDN txes,duty etc but flag it CDN.
New Cats(or used) will need to be bought with US equivalent funds at 30% conversion penalty + or -, which is a bummer! so new will be very ,very expensive. Scale down your expenditure and get out Cruising sooner and somewhat financially easier. JMHO
Bob
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27-06-2016, 07:32
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#4
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Registered User
Join Date: May 2016
Posts: 36
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Re: new guy
Quote:
Originally Posted by REsCat
Buy a GOOD, used, well equiped Lagoon 380, consider keeping it in the states to avoid CDN txes,duty etc but flag it CDN.
New Cats(or used) will need to be bought with US equivalent funds at 30% conversion penalty + or -, which is a bummer! so new will be very ,very expensive. Scale down your expenditure and get out Cruising sooner and somewhat financially easier. JMHO
Bob
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Hi Bob, thanks. We considered keeping it down south, but we also want it in Canada so we can cruise up and down the coast.
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27-06-2016, 09:22
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#5
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Registered User
Join Date: Aug 2008
Location: Pacific Northwest, USA
Boat: 31' Corsair/Farrier(RIP) trimaran. Lauwersmeer Cruiser in Europe canals. 19' Lightning
Posts: 415
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Re: new guy
If your time line is a few years keep checking Yachtworld and other sites. Cats do come available in BC. Contact some brokers. Best would be one specializing in Multihulls but with good recommendations and gives you a good gut feeling. I do not have any relevant experience with brokers of larger boats so do not have a recommendation for you.
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27-06-2016, 14:44
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#6
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Marine Service Provider
Join Date: Dec 2006
Location: Brisbane Australia
Boat: Multihulls - cats and Tris
Posts: 4,859
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Re: new guy
Quote:
Originally Posted by REsCat
Buy a GOOD, used, well equiped Lagoon 380, consider keeping it in the states to avoid CDN txes,duty etc but flag it CDN.
New Cats(or used) will need to be bought with US equivalent funds at 30% conversion penalty + or -, which is a bummer! so new will be very ,very expensive. Scale down your expenditure and get out Cruising sooner and somewhat financially easier. JMHO
Bob
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I'm with Rescat, get a cheaper boat sooner, and in any event I think the 380 is a better boat that the 39, certainly sails a lot better.
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27-06-2016, 15:02
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#7
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Registered User
Join Date: Apr 2016
Location: Lake Belton, TX, USA, Earth: 3rd rock from the Sun
Boat: Vagabond 14
Posts: 421
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Re: new guy
"Play crew"on a few boats.
Get some basic sailing lessons. (that can be formal or just some local helping you with the basics)
Get some actual sailing experience... then think about if you really want the boat.
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29-06-2016, 05:38
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#8
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cruiser
Join Date: Oct 2015
Posts: 285
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Re: new guy
Cars, boats, anything that depreciates greatly and quickly... never, ever buy new.
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29-06-2016, 10:21
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#9
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Registered User
Join Date: Mar 2011
Location: Europe
Boat: O45 ordered
Posts: 161
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Re: new guy
Quote:
Originally Posted by AD28
Cars, boats, anything that depreciates greatly and quickly... never, ever buy new.
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Unless you like and can afford it.
Rob
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29-06-2016, 11:33
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#10
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Registered User
Join Date: Aug 2008
Location: Cruising Bahamas
Boat: Seawind - 1160
Posts: 129
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Re: new guy
Since you are starting fresh, I would definitely suggest getting a fairly new boat that is well equipped. Besides the boat there are hundreds of other items you will need including, spare parts, rigging kit, tools galley item etc. all should come with a used boat.
Sent from my iPad using Cruisers Sailing Forum
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30-06-2016, 12:08
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#11
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Registered User
Join Date: May 2016
Posts: 36
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Re: new guy
Thanks for the good advice. I was looking at a Lagoon 400 that is a 2005, is it normal to ask for a selling price approx 20-30k over the surveyors suggested selling price? Can't give more info as I don't want to ID the seller, thanks
Sent from my iPad using Cruisers Sailing Forum
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30-06-2016, 12:37
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#12
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cruiser
Join Date: Oct 2015
Posts: 285
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Re: new guy
Quote:
Originally Posted by alverz2007
Thanks for the good advice. I was looking at a Lagoon 400 that is a 2005, is it normal to ask for a selling price approx 20-30k over the surveyors suggested selling price?
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Anyone can ask anything they want, but I wouldn't pay more than my surveyor said it was worth...
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30-06-2016, 12:45
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#13
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Registered User
Join Date: Aug 2008
Location: Cruising Bahamas
Boat: Seawind - 1160
Posts: 129
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Re: new guy
I think you need o research what these boats have sold for in the last 12 months in your area. Then factor in the condition of the boat you are looking at based on the surveyors report.
Sent from my iPad using Cruisers Sailing Forum
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30-06-2016, 13:09
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#14
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Registered User
Join Date: May 2016
Posts: 36
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Re: new guy
Sounds good
Sent from my iPhone using Cruisers Sailing Forum
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