Why buy a brand new $150,000 sailboat? - Page 3 - SailNet Community
 94Likes
Reply
 
LinkBack Thread Tools
post #21 of 124 Old 09-27-2013
4ksb specialist.
 
SHNOOL's Avatar
 
Join Date: Jun 2007
Location: East Stroudsburg, PA
Posts: 1,555
Thanks: 11
Thanked 71 Times in 67 Posts
Rep Power: 9
 
Re: Why buy a brand new $150,000 sailboat?

Brad, I only need a few stacks and I'm good.

"Rum Line" an S2 7.9 - cheap, fast, trailerable, and paid for.
SHNOOL is offline  
Quote Quick Reply Share with Facebook
Sponsored Links
Advertisement
 
post #22 of 124 Old 09-27-2013
no longer reading SailNet
 
Alex W's Avatar
 
Join Date: Oct 2012
Posts: 2,309
Thanks: 2
Thanked 140 Times in 133 Posts
Rep Power: 3
 
Re: Why buy a brand new $150,000 sailboat?

He lost me at the letters RV. I thought this was Sailnet?

I'm no longer participating on SailNet.
Alex W is offline  
Quote Quick Reply Share with Facebook
post #23 of 124 Old 09-27-2013
Sea Sprite 23 #110 (20)
 
mad_machine's Avatar
 
Join Date: Dec 2012
Location: Atlantic City, NJ
Posts: 3,217
Thanks: 5
Thanked 69 Times in 60 Posts
Rep Power: 3
 
Re: Why buy a brand new $150,000 sailboat?

friend of mine went in with his brother and father to buy a new powerboat. They got a 19 foot centre cockpit with a small cubbycabin and a 300hp outboard... it cost them 90,000!?!

This for a boat you cannot even sleep aboard. the cubby is just about big enough to house the portapotti and stow some gear

Art Haberland
__________________

In the end all that matters is how fully you loved, how gently you lived, and how gracefully you let go of things that did not belong to you -Buddha

__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
mad_machine is offline  
Quote Quick Reply Share with Facebook
post #24 of 124 Old 09-27-2013
Reward for lost Kraken!
 
hellosailor's Avatar
 
Join Date: Apr 2006
Posts: 11,449
Thanks: 5
Thanked 131 Times in 128 Posts
Rep Power: 11
   
Re: Why buy a brand new $150,000 sailboat?

Kinda like asking why buy a new car?

Well, you don't have to ask what Bozo hooked up out of sight. The rigging is new and should be reliable. The sails are new are should perform well. All kinds of maintenance questions can be ignored and there might even be a warranty.

So sure, it costs more, but there is a "turn key" aspect to things that old used cars or boats will never have. Nice if you can afford it.

And besides, if no one bought new boats, where would we find the used ones??
hellosailor is offline  
Quote Quick Reply Share with Facebook
post #25 of 124 Old 09-27-2013
Junior Member
 
Join Date: Apr 2013
Posts: 23
Thanks: 1
Thanked 0 Times in 0 Posts
Rep Power: 0
 
Re: Why buy a brand new $150,000 sailboat?

A lot of us just posted congratulations to Bob Perry for his wonderful boat designs. Imagine if no one commissioned new boat designs. We might not have the great boats he designed new or used and Bob would just be another Rock Star with a band.
cutterdad is offline  
Quote Quick Reply Share with Facebook
post #26 of 124 Old 09-27-2013
Senior Member
 
MarkofSeaLife's Avatar
 
Join Date: Nov 2010
Posts: 2,919
Thanks: 42
Thanked 119 Times in 101 Posts
Rep Power: 5
 
Dock
Re: Why buy a brand new $150,000 sailboat?

Quote:
Originally Posted by hellosailor View Post
And besides, if no one bought new boats, where would we find the used ones??
If no one bought new cars and boats there would be a lot of out of work factory workers... and no one would be able to slag off China.

It amazes me that so many people can think vehicles are unafordable and boats are unaffordable. Stop drinking alcohol and start saving and all this stuff will be theirs to buy when they have stuck their nose to the grind-stone.

And not before


Mark

Sea Life
Notes on a Circumnavigation:
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.
MarkofSeaLife is offline  
Quote Quick Reply Share with Facebook
post #27 of 124 Old 09-27-2013
Load Bearing Member
 
CarbonSink62's Avatar
 
Join Date: Sep 2011
Location: Derry, NH
Posts: 592
Thanks: 7
Thanked 12 Times in 11 Posts
Rep Power: 4
 
Dock
Re: Why buy a brand new $150,000 sailboat?

My wife and I sometimes feel elitist when we tell friends we intend to upgrade to a 30' cruising boat next year because a well equipped older one is 'only' about $20,000. To us, that doesn't seem like that much money; to a lot of people, that is way too much to spend on a toy.

To someone else, $150,000 isn't that much money. Good for them; in 20 years someone will buy that boat used at a price they can afford.

Zen Again

1978 Bristol 29.9 #122

Testing a mother's love since 1962
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
CarbonSink62 is offline  
Quote Quick Reply Share with Facebook
post #28 of 124 Old 09-27-2013
Senior Member
 
Join Date: Jul 2013
Posts: 406
Thanks: 9
Thanked 14 Times in 13 Posts
Rep Power: 2
 
Re: Why buy a brand new $150,000 sailboat?

Quote:
Originally Posted by Seaduction View Post
$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.)
$1000 a month versus $1500, doesn't really matter. The point is from a financial POV it's lost money.

On a recent thread a poster posted that he had purchased a 30 foot sail boat in 1975 for $12500. The new version of that same boat today, accounting for inflation should cost about $50,000, though in actuality it's about 3x that amount. Had that same person instead of buying a sailboat put that money into a run of the mill growth and income mutual fund that account today would be worth over $1,300,000.

Obviously, you can't sail a mutual fund. But there is a real cost to everything we do. The difference between what that 40 year old sailboat is worth today and that 1.3 mill is called lost opportunity cost. it is the end result of the road not taken.

Last edited by TJC45; 09-27-2013 at 05:19 PM.
TJC45 is offline  
Quote Quick Reply Share with Facebook
post #29 of 124 Old 09-27-2013
Senior Member
 
Join Date: Jul 2013
Posts: 406
Thanks: 9
Thanked 14 Times in 13 Posts
Rep Power: 2
 
Re: Why buy a brand new $150,000 sailboat?

Quote:
Originally Posted by MarkofSeaLife View Post
If no one bought new cars and boats there would be a lot of out of work factory workers... and no one would be able to slag off China.

It amazes me that so many people can think vehicles are unafordable and boats are unaffordable. Stop drinking alcohol and start saving and all this stuff will be theirs to buy when they have stuck their nose to the grind-stone.

And not before


Mark
Mark, I know I shouldn't say this but there is something wrong with a rich guy on a boat pointing the finger at the less rich and telling them they need only work harder.

Median income in the United States is $46,000. Average worker is going to clear about 70% of that. That takes us down to about $30,000. $2500 a month. In my town a decent apartment is $2000 a month. Less decent $1600 a month. Utilities are $300 a month. Gas for car $200, insurance for car $150 minimum, food $500 a month. Oops we're outta of money before we're outta month!

Could they work harder and maybe increase their income by 10%? Maybe. But that only gives them $400 gross extra per month. To save the 20% down payment on a $150K boat would take them over six years but then the $1000/month payment would bust them. And, the truth is no bank would approve them.

The point: It isn't just a matter of working harder. The average worker can't possibly work themselves into a new boat. To do that they need a career change where harder work correlates directly to higher income. High end sales comes to mind.
Atlas likes this.

Last edited by TJC45; 09-27-2013 at 05:24 PM.
TJC45 is offline  
Quote Quick Reply Share with Facebook
The Following User Says Thank You to TJC45 For This Useful Post:
Atlas (10-03-2013)
post #30 of 124 Old 09-27-2013
just ducky
 
Join Date: Aug 2008
Location: NH
Posts: 1,383
Thanks: 7
Thanked 36 Times in 35 Posts
Rep Power: 7
 
Re: Why buy a brand new $150,000 sailboat?

Quote:
Originally Posted by CBinRI View Post
Even if I won the lottery I would never buy a new sailboat.
That is crazy talk!!! If I won the lottery I would buy a brand new boat with all the toys!

Maybe a couple of them!
eherlihy, jppp, steve77 and 3 others like this.

Don't blow air up my rear, be useful and blow it at the sails!
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Don0190 is offline  
Quote Quick Reply Share with Facebook
Reply

Quick Reply
Message:
Options

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
J's Leading Sailboat Brand In Newport-Bermuda Race Entries - J/Sailnig News (blog) NewsReader News Feeds 0 02-15-2012 04:00 PM
China : Nowbelle signs sailboat team for promoting its brand - Fibre2fashion.com NewsReader News Feeds 0 08-22-2006 10:15 AM

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