Join Date: Sep 2001
Thanked 0 Times in 0 Posts
Rep Power: 15
Prices of Used Boats
The economy and boat sales have obviously been robust over the past few years, but I sure wouldn''t delay buying a sailboat, hoping for prices to drop significantly.
After 6 months of boat shopping I recently bought my first sailboat, just before the terrorist attacks. The agreed upon price was $35,000, the asking price $40,000. I plan on keeping this boat until I retire in about 10 more years, and then buying something capable of long offshore passages.
If the economy completely tanks, maybe I could buy the same boat two years from now for $25,000. The mythical $10,000 savings spread out over ten years is beer change (I like beer), and probably won''t be much of a concern when I''m anchored in my favorite cove next month, instead of two years from now.
The "85% of asking price" theory sounds like a brokerism. Heard lots of em whilst shopping.