Join Date: Sep 2007
Location: Pasadena Md - Magothy side
Thanked 31 Times in 31 Posts
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Re: What Is A Boat Really Worth?
A boat is worth exactly what someone will pay for it. Not a penny more, or less.
Simple answer to a complex question.
Our Gemini we financed, surprisingly enough the bank covered 95% - including our upgrades which of course are worthless long before the loan has matured.
Our last boat we bought cash. It's worth what I paid, because that's what I paid.
Funny thing, the surveyor asked what I paid - and that's exactly what he said market value was on his report.
Lessons learned are opportunities earned.