Prices of Boats When New - SailNet Community
Reply
 
LinkBack Thread Tools
post #1 of 16 Old 02-18-2008 Thread Starter
Senior Member
 
night0wl's Avatar
 
Join Date: Mar 2006
Location: Fort Lauderdale
Posts: 1,459
Thanks: 0
Thanked 21 Times in 21 Posts
Rep Power: 10
 
Prices of Boats When New

So, I was at the Miami strictly sail today, and nearly ever manufacturer was claiming that their boat held value like no other. Many claimed that because they sunset models every 5 years, owners actually get more for their 5-10 year old boats than what they actually paid for 'em.

I say hogwash. Boats being depreciating assets just cant work this way. So to put my spreadsheets in front of them, I want to find out what boats cost new. Its tough to find this info I'm realizing. So, does anyone know where there's an online resource listing "new" price in that years dollars for a production boat. IE, what is the 2002 price for a Catalina 400? That way, I can get actual depreciation values.

Thanks all
night0wl is offline  
Quote Quick Reply Share with Facebook
Sponsored Links
Advertisement
 
post #2 of 16 Old 02-18-2008
Wandering Aimlessly
 
PBzeer's Avatar
 
Join Date: Nov 2002
Location: Cruising
Posts: 21,212
Thanks: 0
Thanked 94 Times in 91 Posts
Rep Power: 15
     
I would guess, the best you'll do is to find base prices.

John
Ontario 32 - Aria

Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love.
JCP


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
- Website & Blog

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
PBzeer is offline  
Quote Quick Reply Share with Facebook
post #3 of 16 Old 02-18-2008
moderate?
 
camaraderie's Avatar
 
Join Date: May 2002
Location: East Coast
Posts: 13,877
Thanks: 0
Thanked 3 Times in 3 Posts
Rep Power: 16
     
It is absolutely true that some old boats sell today for more than they sold for originally if well kept. And there's the rub. To keep them well requires lots of money over the years and even using the 10% annual maintenance fee, a 20 year old boat would have more than twice its' initial selling price poured back into it over that time. Plus the dollars aren't constant and over 20 years probably are worth 1/2 of what they were initially.
The idea that you can buy a boat and a few years later get back what you paid for it fully outfitted is unlikely at best. The best that can be said is that some boats lose their initial worth more slowly than others.This tends to be true with the smaller custom brands and the better quality production brands...much like Lexus vs. Chevy.

No longer posting. Reach me by PM!
camaraderie is offline  
Quote Quick Reply Share with Facebook
post #4 of 16 Old 02-18-2008
Junior Member
 
fmooy's Avatar
 
Join Date: Jul 2007
Location: New Orleans
Posts: 3
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
 
PB's post brings up another point. It is possible that a 5 year old boat could sell for more than it cost new if the if the comparison is between the base price and the resale price after the boat has been all fitted out. Even then I'd be surprised if what the reps are saying is true, but you might find cases where it is. Still, since the value of all the goodies you add to the boat depreciate too, you still wouldn't really be getting a positive return on your money. For example, if I bought a $100,000 boat (base price) and put $20,000 worth of sails, instruments, etc into it and then sold it for $110,000 I'd have actually lost $10,000 even though my resale price was higher than my original purchase price.

Good old boat owners probably understand this the best. A $10,000 piece of classic plastic with $20,000 worth of refit invested ends up just being a really nice $10,000 boat
fmooy is offline  
Quote Quick Reply Share with Facebook
post #5 of 16 Old 02-18-2008
On the hard
 
CharlieCobra's Avatar
 
Join Date: May 2006
Location: Bellingham, WA.
Posts: 3,503
Thanks: 0
Thanked 2 Times in 2 Posts
Rep Power: 11
   
My boat cost 28,500 in 1961. With some minor restoration she's worth at least that much now. It depends on the boat but most lose value over time. Of course, with inflation the way it is, maybe not. 28K in 1961 is worth probably 200K in 2008.
CharlieCobra is offline  
Quote Quick Reply Share with Facebook
post #6 of 16 Old 02-18-2008
Senior Member
 
Join Date: Aug 2006
Location: wherever
Posts: 5,283
Thanks: 8
Thanked 17 Times in 16 Posts
Rep Power: 12
     
seems like there is a point where the decline reverses. IF the boat is in very good shape. But any boat as an investment?
xort is offline  
Quote Quick Reply Share with Facebook
post #7 of 16 Old 02-18-2008
moderate?
 
camaraderie's Avatar
 
Join Date: May 2002
Location: East Coast
Posts: 13,877
Thanks: 0
Thanked 3 Times in 3 Posts
Rep Power: 16
     
This may help with the discussion:

No longer posting. Reach me by PM!
camaraderie is offline  
Quote Quick Reply Share with Facebook
post #8 of 16 Old 02-18-2008 Thread Starter
Senior Member
 
night0wl's Avatar
 
Join Date: Mar 2006
Location: Fort Lauderdale
Posts: 1,459
Thanks: 0
Thanked 21 Times in 21 Posts
Rep Power: 10
 
Hey all,

I guess the aim really wasn't to find a boat that would sell for more in 5, 10, 20, x years from now. My aim was to try and ascertain depreciation of a boat at each of those points in future time, factoring in time value of money as well as functional obsolescence (of equipment) as well as hull/joinery.

That being said, where can I find the base prices of production boats (Hunters, Beneteau/Jeaunneau, Catalina, Sabre, Island Packets) stretching back to the mid 80s.
night0wl is offline  
Quote Quick Reply Share with Facebook
post #9 of 16 Old 02-19-2008
Senior Member
 
artbyjody's Avatar
 
Join Date: Jan 2008
Location: Bellingham, PNW
Posts: 3,146
Thanks: 0
Thanked 1 Time in 1 Post
Rep Power: 11
       
It all depends on condition and rarity... much like classic cars actually. Some GTO's sell for way over 100K but in the boat world you simply do that have that same gusto for reliving the past so to say.... Some brands - yes - others maybe... but also at the same token some car buffs just had a passion and never knew what they held onto...

Boats are pretty much the same but much more diluted... everyone's point posted is true... in the end it is about a seller wanting Y and a buyer believing he is getting X (as in extacy)...rare to find sometimes... Yachtworld is a good place to get an idea of new versus old... but as the adage goes - it usually takes more money to make less money most of the time...there is no formula so to say... unless you can carefully script ownig a rare production number, have it in a oscar winning film and sit back and hope that emotion leads the pocket book..

-- Jody

S/V "
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
" -
1983, Barberis Show 38! or
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.



To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.







artbyjody is offline  
Quote Quick Reply Share with Facebook
post #10 of 16 Old 02-19-2008
Senior Member
 
Join Date: Jun 2006
Posts: 2,394
Thanks: 0
Thanked 1 Time in 1 Post
Rep Power: 12
     
"I guess the aim really wasn't to find a boat that would sell for more in 5, 10, 20, x years from now. My aim was to try and ascertain depreciation of a boat at each of those points in future time, factoring in time value of money as well as functional obsolescence (of equipment) as well as hull/joinery. "

Have I been transported to a planet where people believe what a salesperson says?

Put away the slide rule, save the batteries on the calculator and forget the Excel graphs.

There are just too many factors, hard and soft to cipher.

Just a couple that come to mind.
Economic boom and bust. In "good times" people spend more than they should for boats (new and used).
When times are a little tougher, the tub is the first thing thats gotta go. There a pile of boats out there right now sail and power that are CHEEEEPPPP, compared to what they went for just a couple of years ago.

I kind of feel bad for the guy (darkside/powerboat) that has a 34 ft Sundancer he purchased for 75k 2 years ago, (96k new) and now can't get rid of it listed at 39k. (almost 4.00 a gal. gas will do that to ya.)

Yes, some boats will sell for more than the original sales price. geez, a '76 catalina 27 sold for about 6500.00... in 1976.

We are not primarily on earth to see through one another, but to see one another through

Some people are like slinkies: not really good for anything... but you can't help laughing when you push them down the stairs

Last edited by cardiacpaul; 02-19-2008 at 08:08 AM.
cardiacpaul is offline  
Quote Quick Reply Share with Facebook
Reply

Quick Reply
Message:
Options

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now



In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.


User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
Steel vs Fiberglass me262 Boat Review and Purchase Forum 24 4 Hours Ago 08:11 AM
Windward performance deseely General Discussion (sailing related) 21 04-01-2012 02:42 PM
Passport42/canoe stern boats GreggRuch Boat Review and Purchase Forum 5 04-17-2005 09:37 PM
Prices of Used Boats thomsonjd Boat Review and Purchase Forum 5 10-19-2001 07:31 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome