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  #21  
Old 09-27-2013
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Re: Why buy a brand new $150,000 sailboat?

Brad, I only need a few stacks and I'm good.
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  #22  
Old 09-27-2013
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Re: Why buy a brand new $150,000 sailboat?

He lost me at the letters RV. I thought this was Sailnet?
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  #23  
Old 09-27-2013
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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
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  #24  
Old 09-27-2013
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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??
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  #25  
Old 09-27-2013
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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.
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  #26  
Old 09-27-2013
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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
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  #27  
Old 09-27-2013
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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.
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  #28  
Old 09-27-2013
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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 06:19 PM.
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  #29  
Old 09-27-2013
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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.
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Last edited by TJC45; 09-27-2013 at 06:24 PM.
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  #30  
Old 09-27-2013
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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.
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