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Old 10-11-2012
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Re: Im buying a big boat! But i have never sailed

If you plan on keeping this ferro boat forever then go for it, a boat is only worth what one is prepared to pay....but if you plan to sell it to upgrade later expect a value, if you keep it up to a good standard, to be about 20 to 25K so if you keep it for 10 years then a depreciation of 2.5k per year is quite reasonable as long as you prepare yourself for the inevitable. As far as insurance there are a number of companies that will insure your ferro boat but they will be expensive and will be no where near the value you place on the boat. Good luck enjoy the boat and don't over capitalize putting your mark on it, whatever you spend must be considered dead money.
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Last edited by SimonV; 10-11-2012 at 06:03 AM.
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