Join Date: Jul 2013
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Re: Fiberglass ..classic??
From a financial POV putting money into any boat is a non starter. Whether you buy an old boat for a few thousand dollars and spend 50k fixing it up or buy brand new and take a 50k hit when you sell it, that 50k is gone all the same. The economics of boating are enjoy the money spent because you are putting a match to the money once it's out of your wallet. This neatly explains the depressed condition of the boat markets over the past five years. In good times people can afford to burn some discretionary income. In bad times there is no discretionary income to burn.
That said, there is good reason to find and fix an old plastic boat. For the love of the machine. While it doesn't make economic sense to fix up an old boat, no boating makes economic sense. You buy an old boat to fix up for the same reason someone buys a new boat. To enjoy it.
Last edited by TJC45; 09-13-2013 at 11:12 AM.