Join Date: Jun 2013
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Re: What Is A Boat Really Worth?
Every boat is worth exactly ZERO. Unless someone wants wants to buy it. Then it is worth the agreed upon price of those PEOPLE. Without people, nothing has any (monetary) value. So lets consider people. Someone with a lifelong dream to buy a sailboat and go cruising and can now do just that because of money or work reasons, will pay more than someone with a passing interest. If that same person with the dream was diagnosed with an illness that will render them disabled in 5 years, they will now pay even more because of the time constraints. On the sell side, someone that put a great deal of love and work into a boat and is emotionally attached to it will likely believe that his boat is worth much more than compatible boats because it has been so well cared for and loved. On the flip side, a widow that just lost her husband because he fell overboard from the boat that she always hated because it made her seasick and cost too much to maintain, may sell it for 10% of it's NADA value because "I never want to see that d*mn boat again!"
In the end it's about the people on the buy side and the sell side and the motives that drive them.
How much is a certain boat worth to you and how long are you willing to search for it at your decided on price? Will you wait 20-30 years searching for the widow with an unwanted boat?
Best wishes to you in your search.
"Keep the company of those who seek the truth- RUN from those who have found it" ― Václav Havel
Last edited by Neosec; 07-20-2013 at 01:58 PM.