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Old 07-24-2009
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Another way to help you with your calculations is to figure out the costs you will incur the first few years you own the boat.
For example if Boat A costs 5,000
Needs new:
Sails, Standing rigging, running Rigging,Cushions, Headliner, ground tackle, water tank and Outboard.

If Boat B had all the above in excellent condition plus an inboard diesel in good condition and a dinghy plus good dock lines and extra life vests etc but cost 15,000 you would have to talk the owner of boat A into giving you several thousand dollars to take his boat off his hands to even up the value. Not likely.

Many boats have negative value compared to other boats.

It is the easiest thing in the world to buy a boat that is a good deal at 20,000 and after 5 years have a boat worth at best 5,000. All you have to do is do nothing.
As a buyer you usually want to avoid the boats that have been let go and find a boat that has been kept up.

In short do your own survey and add up the repair/upgrade bills you are facing and add them to the price of the boat. I have found that when I adjust for condition the boat prices make a lot more sense.
Of course the exception is the low price boat in great shape. And thats the one you buy of course.

Last edited by davidpm; 07-25-2009 at 10:21 AM.
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