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-   -   Why Are Boats In Europe Cheaper? (http://www.sailnet.com/forums/general-discussion-sailing-related/94112-why-boats-europe-cheaper.html)

JulieMor 11-15-2012 11:08 AM

Why Are Boats In Europe Cheaper?
 
I've spent more time on Yachtworld than I want to admit. I usually use the North America only filter for the search area but sometimes I just take off the area filter.

There are times when I've seen very similar boats that are substantially less overseas than ones in the US, all prices in $US. It's not all, just some, but far more than what I see when comparing US boats to US boats. I realize there's a duty to pay and delivery but from what I've been told that amount would not be enough to put similar boats in the same price range.

Looking at the photos and perusing the list of equipment, I can find nothing that would justify such a large price differential. Is it just something that would come out in a survey or is there some other reasons why this exists? Or am I missing something else?

BTW, it seems the areas I most often find this are Croatia and Turkey, though they are not the only areas.

theonecalledtom 11-15-2012 11:21 AM

Re: Why Are Boats In Europe Cheaper?
 
Its just like boats in Mexico being cheaper. Harder to get to and less conveniently placed when you've bought them.

IronSpinnaker 11-15-2012 11:25 AM

Re: Why Are Boats In Europe Cheaper?
 
Boats are frequently free in the USA... those ones just don't get put on Yacht World. There is also often a fairly large gap in the USA on asking price and sale price.. I don't know if that is the case in Europe.

JulieMor 11-15-2012 11:38 AM

Re: Why Are Boats In Europe Cheaper?
 
Quote:

Originally Posted by IronSpinnaker (Post 948782)
There is also often a fairly large gap in the USA on asking price and sale price..

I didn't know that. Any idea about what % the difference is?

IronSpinnaker 11-15-2012 11:41 AM

Re: Why Are Boats In Europe Cheaper?
 
Quote:

Originally Posted by JulieMor (Post 948788)
I didn't know that. Any idea about what % the difference is?

It depends on the survey, but I would guess that the average is between 15-20%

Alex W 11-15-2012 11:48 AM

Re: Why Are Boats In Europe Cheaper?
 
Yachtworld boats are pretty much always listed through a broker. In the US brokers usually have a 10% fee with a $2k minimum, making it unusual for sellers to use a broker for a boat worth less then $20k.

As a result a lot of boats that are probably worth somewhat less than $20k (like $15k) will be listed for the higher price. Boats that are probably worth less then $10k rarely make it to yachtworld or will be grandly overpriced there.

You should expect to find the less expensive boats on Craigslist, sailboatlistings.com, and other free classifieds services.

The boat that I bought through a broker listed on yachtworld was sold for about 15% under asking, but that is a reference point of 1. I think it had been listed for about 3 months and was going into fall, so the seller was motivated to sell.

PCP 11-15-2012 12:12 PM

Re: Why Are Boats In Europe Cheaper?
 
Only boats with less than 15 years, particularly boats with less than 10 years are cheaper in Europe. Older boats are cheaper in US.

There are more recent boats in Europe and more older boats in the US. Besides that in the South of Europe almost all countries are in a big Crisis and that drove prices down....a lot. If you want a recent boat at the best price probably the best place to look is Italy or Spain.

There are some big brokers that will not charge anything to a private owner so boats can be sold at better prices. One of the more known is http://www.cosasdebarcos.com/

For Italy try:

http://www.mondialbroker.com/

Regards

Paulo

JulieMor 11-16-2012 12:36 PM

Re: Why Are Boats In Europe Cheaper?
 
Things I never knew... Thank you!

I had done searches for boats on other websites but it seemed the ones that interested me were also on Yachtworld. So I stopped looking elsewhere.

Paolo, the sites you suggested are interesting. I've done some perusing there already. It certainly would be cool to buy a boat overseas, spend some time getting to know her, then sail her back here. Maybe not practical, but definitely something we'd love to be able to do. Problem is, I can't see us leaving there without taking in all the sights, and that could take years!

When it comes to duty, I've only heard, "It's not that much." The last time was from a salesman at the Annapolis show. So, how much is "not that much"?

I'm trying to put together a somewhat realistic cost to the "out the door" price on a used sailboat. Whatever I am able to set aside, I'll keep at least 25% in hand for necessary work to get the boat where I need it to be. But it would be nice to have a reasonable expectation of everything that one pays, besides the cost of the boat, when purchasing a used boat.

The liveaboard dream has been cancelled. It just won't work for us. So we've decided to sell the big house and buy a small house and a small boat. It's really the more practical thing to do, all things being considered.

MastUndSchotbruch 11-16-2012 12:52 PM

Re: Why Are Boats In Europe Cheaper?
 
Quote:

Originally Posted by JulieMor (Post 949275)
...


When it comes to duty, I've only heard, "It's not that much." The last time was from a salesman at the Annapolis show. So, how much is "not that much"?
...

Can't answer your question. I suppose there is also state sales tax, at least in some states.

One thing to consider is that boats in Europe (the EU more specifically) will have VAT tax paid. This can be a lot of money (20% or so). Of course this only makes a difference if you are interested in staying in the area for some time before coming home, but this is what you indicated you thought of.

Zanshin 11-16-2012 12:59 PM

Re: Why Are Boats In Europe Cheaper?
 
I modelled my recent new boat purchase in detail - combining all of the commissioning costs with purchase price, rebates and other factors. I could choose between factory dealer in France, where the boat was manufactured, dealers in the U.K., Germany and Annapolis. Purchasing and particularly commissioning the boat with extras and all the little/big stuff for a new boat (flatware,cushions,safety equipment,SSB,dinghy,etc.) was by far cheaper to do in the USA than at any of the others - and the European VAT wasn't going to be paid since the boat would leave the EU so that wasn't a factor.


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