Join Date: Jul 2006
Location: Herring Bay, Maryland
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This is a follow-up to my last post. Concerning depreciation, consider this very real scenario. A seller decides to sell without a broker. The boat sits on the market without success for some months. Then towards the end of the summer the seller decides to use a broker instead. Many sellers do not realize that most boats experience an automatic 6% depreciation that rolls through the fleet when the new model year boats come out every September. The seller's boat has a birthday and it's nothing to celibrate when it's for sale ! So before you know it the boat just dropped another 6% in real value right out of the seller's pocket. It's ironic when the seller's original motivation to go without a broker was to "SAVE 10%". This unfortunate scenario can sometimes be avoided by taking advantage of the vast marketing and other advantages of using a broker to accelerate the boat sale process.
Last edited by captnnero; 08-16-2006 at 04:42 AM.