New Boat vs Used Boat?

[dc9loser]

Originally Posted by Sam Woodbridge

For what it’s worth if anyone will read this post. Dc9loser has humored me throughout his questions about a sixty foot cat with such limited experience. Not to mention how he is eager to say how many millions of dollars he has. Dc9loser has some good ole crass humor.

What I don’t understand is how people say don’t buy a new boat. It looses value once you take ownership. From my research sailboats such as the one I own if less than three years old and in immaculate shape go for the same original selling price as new.

I do understand a five to ten year boat will have a significant price difference from when it was purchased new.

Sam

Lol.

You folks are nuts.


You come up with formulas divorced to the market, logic, and reality.

"Only buy a three year old 45 foot boat!"

Sure.

Reality is there are deals out there outside your paradigm.

The smart play is to look at the market, then maximize what you can get given what you have in your budget.

That is WHY I TALKED ABOUT MY BUDGET. It was a constraint, you cannot make a judgment without talking about what you have to spend.

But go with what ya want. Lol

[SV-Viento]

Originally Posted by goboatingnow

Ultimately , folks , someone has to buy new .....

Guess that’s going to be me.

[David Ess]

They often say they lose one third right off the lot. I'm just saying I've never seen such advertised.

[Simi 60]

Originally Posted by SV-Viento

Guess that’s going to be me.

Thank you for your sacrifice.

[Simi 60]

Originally Posted by shimari

People who have the money and don't want to wait for new will pay a premium to not have to wait. The end result is irrational exuberance.

Keeping my powder dry waiting for the next round of roosters being turned into feather dusters.

[shimari]

Originally Posted by David Ess

Shimari, show me a $3million boat, bought last year, now going for $2 million. Ive never seen that.

Originally Posted by Dooglas

You didn't apply his numbers. You are really asking "show me a $3M boat, now going for about $2.5M". Probably not so difficult.

Here's one (not $3M and now $2.5M): https://www.yachtworld.com/yacht/202...y-490-7996446/

A new one similarly spec'd will go for ~$635,000. They're asking $525,000. Not exactly 20%, but pretty close. A year ago the same model boat new was roughly $550,000. The owners of this boat probably bought her at around $550,000 and are now selling her for $525,000. Of course, the ~10% brokers commission hurts more than the depreciation.

Yes boats depreciate, and new boats especially. Inflation and irrational exuberance, at least right now, work against that depreciation a bit.

[dc9loser]

Originally Posted by shimari

Here's one (not $3M and now $2.5M): https://www.yachtworld.com/yacht/202...y-490-7996446/

A new one similarly spec'd will go for ~$635,000. They're asking $525,000. Not exactly 20%, but pretty close. A year ago the same model boat new was roughly $550,000. The owners of this boat probably bought her at around $550,000 and are now selling her for $525,000. Of course, the ~10% brokers commission hurts more than the depreciation.

Yes boats depreciate, and new boats especially. Inflation and irrational exuberance, at least right now, work against that depreciation a bit.

New boats don't go for MSRP.

They are loaded with overpriced options that jack the price up to as much as 50% over MSRP.

Don't know how you know what the new boat actually went for...... and just as importantly how much the brand new owner spent equipping it?

[Sam Woodbridge]

Originally Posted by dc9loser

Lol.

You folks are nuts.


You come up with formulas divorced to the market, logic, and reality.

"Only buy a three year old 45 foot boat!"

Sure.

Reality is there are deals out there outside your paradigm.

The smart play is to look at the market, then maximize what you can get given what you have in your budget.

That is WHY I TALKED ABOUT MY BUDGET. It was a constraint, you cannot make a judgment without talking about what you have to spend.

But go with what ya want. Lol

Thank you for the reply Dc9loser.

Sam

[Piscis]

Call today, she won't last long!

Isnt that what they always say...

[MicHughV]

"you'll look good in that boat"

car sales turned boat sales man....

[David Ess]

Originally Posted by shimari

Here's one (not $3M and now $2.5M): https://www.yachtworld.com/yacht/202...y-490-7996446/

A new one similarly spec'd will go for ~$635,000. They're asking $525,000. Not exactly 20%, but pretty close. A year ago the same model boat new was roughly $550,000. The owners of this boat probably bought her at around $550,000 and are now selling her for $525,000. Of course, the ~10% brokers commission hurts more than the depreciation.

Yes boats depreciate, and new boats especially. Inflation and irrational exuberance, at least right now, work against that depreciation a bit.

Thanks for confirming that you cant find any boat 30% off, right off the lot.

[Sand crab]

There was a mention of a big Privilege pages back. FWIW there was a big one >60 that partially sunk at a dock in Jamaica. Not a hurricane but a maintenance issue. And only a foot or 2 of water in the boat. Most of the boat still looked great but engines were probably toast plus other items. I think a brokerage company ended up purchasing it and somehow got it to Fla where it was restored and then resold. So if you are looking at a big P cat about 15 years old you might want to inquire about the history.

[dc9loser]

Originally Posted by Sand crab

There was a mention of a big Privilege pages back. FWIW there was a big one >60 that partially sunk at a dock in Jamaica. Not a hurricane but a maintenance issue. And only a foot or 2 of water in the boat. Most of the boat still looked great but engines were probably toast plus other items. I think a brokerage company ended up purchasing it and somehow got it to Fla where it was restored and then resold. So if you are looking at a big P cat about 15 years old you might want to inquire about the history.

Interesting.

The one I looked at had the entire electrical system redone in 2015. The stated reason was to convert to US from European?

Your story makes sense... I have to wonder? Boat was gorgeous though.

[dc9loser]

Originally Posted by Sam Woodbridge

Thank you for the reply Dc9loser.

Sam

Lol. My point was you all are complaining about there being no 2-3 year old gems out there. Well, that is what everyone is looking for, so duh.

Other boats are gems too, but since they fall outside the paradigm, they are available, and cheap in relative terms.

[Sam Woodbridge]

Originally Posted by dc9loser

Lol. My point was you all are complaining about there being no 2-3 year old gems out there. Well, that is what everyone is looking for, so duh.

Other boats are gems too, but since they fall outside the paradigm, they are available, and cheap in relative terms.

Thank you for taking time to reply Dc9loser.

Sam