Re: What Is A Boat Really Worth?
The problem with buying a used boat right now is that not many people want to accept the beating they have taken in the last five years or so due to the economy.
There are a lot of boats for sale at unrealistic prices. I bought my last boat in 2009 and I paid the owner about 60 per cent of what he had paid for it the year before.
I also had another 8 or 9 boats on my short list, several of which that are still for sale, with owners who just didn't believe a crashed economy meant their boat was worth less.
If you can afford to keep it, fine. I know I couldn't get what I paid for my boat if I sold it right now. I don't plan on selling it, so I don't care. But, those people wanting to sell boats right now, need to get real. Because, boats that belong to owners who are realistic as to what they are worth, are selling.
"Best thing to do is get her out on the ocean. If anything's gonna happen, it's gonna happen out there." Captain Ron Rico