Buying our first sailboat - Page 2 - SailNet Community
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post #11 of 15 Old 07-04-2011 Thread Starter
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@paulk now I understand the basis for many of the comments about the Hunter. Thank you. I can appreciate that there are different designs and building techniques that affect the conditions a boat can sail in.

As I said, I'm not looking for a blue water cruiser. Once I get more confident with the Hunter I may consider a blue water cruiser I can sail back to Canada when my time in Bermuda is over.
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post #12 of 15 Old 07-05-2011
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All--

If this guy were to go ahead and buy Boat X, what's the likelihood he can resell it later at the same price? If there's not much change in price I suppose there's not much risk in 'finding the right boat' over some time?

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post #13 of 15 Old 07-06-2011
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All--

If this guy were to go ahead and buy Boat X, what's the likelihood he can resell it later at the same price? If there's not much change in price I suppose there's not much risk in 'finding the right boat' over some time?

Thanks.
Many boats sell for about the same price they were purchased, but only after putting in $1000-$20,000 in maintenance and/or upgrades. The cost is usually not in the depreciation, it's in the expenses of holding the boat and keeping her seaworthy. Plus the seller's commissions, if you need to use a broker to help you sell. Plus the likelihood that it will take much longer to sell than you would like, so your money will be tied up until it finally sells, along with racking up slip/storage fees if she is not kept in your back yard.


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post #14 of 15 Old 07-06-2011 Thread Starter
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If I bought a car, I wouldn't expect to be able to resell it later for the same price. Why should I expect to sell the boat for the same price?
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post #15 of 15 Old 07-06-2011
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If I bought a car, I wouldn't expect to be able to resell it later for the same price. Why should I expect to sell the boat for the same price?
Answer: you wouldn't, and I think you have the right attitude - a boat isn't a financial investment that you expect to recoup; it's an investment in quality of life, or great memories. That said of course, an older boat, like an older car, has already done most of its depreciating.

Would you also consider buying a boat on the US East Coast and hiring a captain to sail it back to Bermuda with you? There's lots of selection, and you'd get some great experience on the crossing. Plus, the benefit of the weak dollar just now. (sad face)


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