Why buy a brand new $150,000 sailboat? - Page 2 - SailNet Community
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post #11 of 124 Old 09-27-2013
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Re: Why buy a brand new $150,000 sailboat?

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For the kind of boat I have, $150K wouldn't even touch a new model!

I agree with him in principal. I paid cash for my H40. And it feels good to have that freedom. But I have no problem with people who borrow for what they want either - as long as they can afford it. It's their money...their time...their call.

I looked at some of this dude's other videos.

BugOutVehicles - YouTube

Okaaaay. The survivalist superiority complex is just really weird.

Survivalism is only necessary when it's necessary. And it's just not necessary. I'll stick with the good life.
I think Smack got it totally right here. Different strokes for different folks!

I bought my first larger sailboat when I was 55. I was not planning on sailing off into the sunset and living aboard. I just wanted a bigger boat to sail and use for a couple of long trips a year. I have lots of other hobbies and things that take my time. I am anal about maintenance and did not want to spend a lot of time fixing other peoples mistakes and lack of maintenance. Hell, things break on new boats, just not as often.
I bought what I wanted because I could and it was what worked for me. I'm happy, and hopefully anyone who makes a different decision is as well.
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post #12 of 124 Old 09-27-2013
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Re: Why buy a brand new $150,000 sailboat?

There's no right or wrong answer. Actually it's a silly question.

It depends on your financial situation, what you want/enjoy and how long you intend to keep the boat.

There's a lot to be said for having a new boat with a new engine, new electronics, set up exactly as you want her, where no one has mucked up the wiring or the maintenance. Plus it feels REALLY good!

Your financial situation is a huge part of the equation. For some $10K is a big investment. For others $40K cash is a reasonable outlay. For a lucky few dropping $300K on a $600K boat gives them a payment that's perfectly comfortable. After all how many million dollar homes do we sail past along the coast...

I'm just happy mine is paid for.
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post #13 of 124 Old 09-27-2013
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Re: Why buy a brand new $150,000 sailboat?

They can't manufacture used boats so I encourage and applaud those who buy new. Take good care of them because in a few years I will buy it from you.

There are lots of ways to lose money buying a used boat. If a buyer has cash and buys new, they could resell the boat at a decent price, depreciating it over several years, having fun and then selling it for 30% less than they paid with no work to do.... that might be a good deal. I say bravo.

Oh and the prepper thing is the stupidest ever... but in case of economic collapse, zombie outbreak, whatever, I can think of few "bug out vehicles" that would be better than a big sailboat.
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post #14 of 124 Old 09-27-2013
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Re: Why buy a brand new $150,000 sailboat?

I dont understand this thread.. the video is about a guy who bought an RV. Thats a motor home type thing. Doesnt go anywhere near water unless the guy cant drive.
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post #15 of 124 Old 09-27-2013
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Re: Why buy a brand new $150,000 sailboat?

My baby cost $2200. 25 feet of completely seaworthy, coziness. Sure, I don't have a large salon or a shower, but I have beds for 4, and I can sail the coast of Maine on a shoe string. If I had to spend . . . . $40,000 on a boat and $5000/year slip/haul/storage/maintenance, there is no way I would be sailing. I'm thankful and blessed with my little trailer sailor. I get the thrill and freedom of sailing, stay for a week at a time in remote bays and hidden coves, anchor in as little as 3'-0 of water (dead low), take friends out, motor up to the fancy man's dock at the Lobstah, Shack, then pull her out, take her home for a wash and re-store for next trip. I'll never cross an ocean but don't want to. I'll never travel the ICW, but don't want to. I'll never date Michelle Pfeiffer . . . wait, I could go for that. But you get my point. Bigger does NOT mean better, or more committed to sailing. In many cases it means just the opposite. I've seen folks who have obviously been at anchor for weeks. In Maine????? Well, off my soapbox and back to work.
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post #16 of 124 Old 09-27-2013
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Re: Why buy a brand new $150,000 sailboat?

The way i look at cars and boats are similar to what everyone else here is saying. I wouldnt mind a new boat, but my CAR cost me 3k and thst was a lot. If i can muster enough for a small boat and afford maint. Ill be happy. But if i could drop 150k on a boat to live in, id do it.

Come on luxky 7s!
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post #17 of 124 Old 09-27-2013
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Re: Why buy a brand new $150,000 sailboat?

Why do people buy $150k new boats? Because it's what they want. Boats, like other big toys, make zero economic sense. Regardless, new, used, big, little, none is justifiable from an economic POV. None is an investment.

However, from a value added POV they are totally justifiable. That is value added to enjoyment of your life. A boat is a value trade off. Would you rather have cash in hand or time on the water?

The question isn't why do people buy $150k new boats, it is did they get $150k of enjoyment from the trade? If they got that or multiples of that, money well spent!
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post #18 of 124 Old 09-27-2013
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Re: Why buy a brand new $150,000 sailboat?

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I dont understand this thread.. the video is about a guy who bought an RV. Thats a motor home type thing. Doesnt go anywhere near water unless the guy cant drive.
some do
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post #19 of 124 Old 09-27-2013
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Re: Why buy a brand new $150,000 sailboat?

$150000 loan for 15 years at 3 to 4 % interest rate is monthly payment of $1000-$1100 per month, depending on the rate obtained. (Not 1500 for 20 years.)
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post #20 of 124 Old 09-27-2013
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Re: Why buy a brand new $150,000 sailboat?



Is this enough to buy all active Sailnetters a new boat?

Regards,
Brad
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