"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.