Join Date: Jul 2010
Location: Gig Harbor, WA
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In terms of value, a new boat is terrible. For a lot less, you can buy a boat even a few years old. Not only will you spend less on the boat, but you will spend a ton less on outfitting it. New boats need lines, bumpers, anchors, rode, Radar reflectors, etc... Plus, inevitably there are always new boat issues that get taken care of in the first couple years by the manufacturer.
With relatively new, used boat, you get all the gear almost "free" and pay less for the boat. The systems should be working well with little wear.
Buying an older boat is great if it has been exceptionally well cared for or if you don't mind doing repairs. Plenty of folks have the time and enjoy working on boats. If that is you, you can increase the value of an older boat by updating and repairing. If you need to hire everything out, then an older boat won't save you much money.
M/V Kinship, North Pacific 43
S/V Legacy, Catalina 400 MkII, Hull #328