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Old 19-09-2020, 07:55   #1
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Panicking on new boat purchase

Dear fellow members,

I think I need some psychological support from the community. I made an offer for a used boat: next Friday the survey will take place, price is good, and she looks great. I have been waiting this moment for years, looking for the right model, I should be the happiest chap in the world, and instead...I am panicking! I have even considered walking away a losing the deposit, just for the anxiety this choice is pulling on me. Did anybody of you ever feel the same?

Thanks

Giorgio
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Old 19-09-2020, 08:05   #2
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Re: Panicking on new boat purchase

Well that happens to me alot. Buying boats, cars, houses, marriage proposals, etc.

You have to get off the couch. You cant stay there.

You did the right thing, made the best decision that you knew to make. Go enjoy it.
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Old 19-09-2020, 08:10   #3
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Re: Panicking on new boat purchase

panic may be your friend here. look carefully for reasons not to buy the boat. if you can't find any then move forward with the survey. good luck.
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Old 19-09-2020, 08:13   #4
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Re: Panicking on new boat purchase

Quote:
Originally Posted by GiorgioS View Post
Dear fellow members,

I think I need some psychological support from the community. I made an offer for a used boat: next Friday the survey will take place, price is good, and she looks great. I have been waiting this moment for years, looking for the right model, I should be the happiest chap in the world, and instead...I am panicking! I have even considered walking away a losing the deposit, just for the anxiety this choice is pulling on me. Did anybody of you ever feel the same?

Thanks

Giorgio
I feel your pain, but no I never thought I made a mistake. I wanted a boat, I did my research, and picked a boat that matched.

But sometimes "The Dream" sounds better in people's heads than "Owning a boat". Which is why soooooo many boats rarely see their owners.
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Old 19-09-2020, 08:21   #5
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Re: Panicking on new boat purchase

+1 for DogScout's post. You made the best decision possible with the information available. You'll do it again when the survey is in and you have more information. If someday you feel you made a mistake, remind yourself that you made the best decision with the information available, and could not expect yourself foresee the problem. In short, trust yourself.
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Old 19-09-2020, 08:25   #6
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Re: Panicking on new boat purchase

Just hang in there. See how it looks to other eyes. I do the same thing sometimes. You can always opt out after survey based on anything you don't like.
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Old 19-09-2020, 09:14   #7
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Re: Panicking on new boat purchase

Even with a survey, there will be surprises after you buy the boat. It will take time to discover them, but with luck there will be more good ones than bad ones.
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Old 19-09-2020, 09:18   #8
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Re: Panicking on new boat purchase

Ditto Dogscout............happens to me since I am a Pisces.
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Old 19-09-2020, 09:20   #9
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Re: Panicking on new boat purchase

It's called buyers remorse and it happens all the time with boats, cars and houses.

It goes away.
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Old 19-09-2020, 09:24   #10
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Re: Panicking on new boat purchase

It is called cognitive dissonance or sometimes buyer's remorse. Perfectly normal, sort of like that feeling the first time you jumped off the high board at the swimming pool.

It will go away and yes there will be surprises. That's actually part of the joy of sailing and boat owning. Learning the boat, learning to maintain it.

Enjoy.

Edit: Forgot to mention that I am a psychologist and I get cognitive dissonance too.
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Old 19-09-2020, 09:27   #11
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Re: Panicking on new boat purchase

Use the panic to help you. If the survey turns up problems, walk away. That is better than being so in love with the boat that you are biased, survey findings or not.

If no major problems, take the leap and go for it!
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Old 19-09-2020, 09:30   #12
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Re: Panicking on new boat purchase

Although I am now in a completely different line of work (attorney) I spent a former life in sales management and studying the psychology of buyers. What you are experiencing called "buyer's remorse." It is very common. There are a mixture of fears (spending money, making the wrong decision, etc.). Your marine survey will help you decide if you should go forward.
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Old 19-09-2020, 09:32   #13
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Re: Panicking on new boat purchase

Quote:
Originally Posted by GiorgioS View Post
Dear fellow members,

I think I need some psychological support from the community. I made an offer for a used boat: next Friday the survey will take place, price is good, and she looks great. I have been waiting this moment for years, looking for the right model, I should be the happiest chap in the world, and instead...I am panicking! I have even considered walking away a losing the deposit, just for the anxiety this choice is pulling on me. Did anybody of you ever feel the same?

Thanks

Giorgio
Some questions
1. How long have you been boating?
2. How many times per year do you go boating?
3. How many boats have you owned?
4. How long is the travel time to where you intend to keep the boat?
5. How big is the boat?
6. About how much is the boat going to cost?

Now the tough one and do not answer if you do not want to.
7. In the past have you spend money on a hobby only to give up the hobby?
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Old 19-09-2020, 09:35   #14
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Re: Panicking on new boat purchase

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Originally Posted by sepharad View Post
It's called buyers remorse and it happens all the time with boats, cars and houses.

It goes away.

So True! But try to figure out why you feel this way. If there is something specific, such as known items on the boat that need changing or repair that you are not sure about, or a design characteristic that you are not happy with, then maybe you have reason to back out. Is the family also completely "on board" with this purchase? But if all that checks OK, its just buyers remorse and the minute you get the keys you will be very happily excited. And Congratulations!
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Old 19-09-2020, 09:40   #15
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Re: Panicking on new boat purchase

My advice is that's why you got the survey. So wait for it and decide then. A survey is a starting point in a purchase, not the end by any means. You may survey half a dozen boats before you find your boat. I did. Or this may be the one.

Will say that the best boat deal I ever got was an older over-priced 28 footer. I knew it was right boat when I saw it, and an afternoon of sailing confirmed everything I felt. I surveyed it myself along with the owner who was relentless about the bad and the good. And bought it that evening for his asking price complete right down to spares, tools, documentation, and silverware.

It turned out to be even better than I thought it would be.
rScotty
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