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post #11 of 16 Old 03-07-2013
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Re: Advice to a newbe

I also don't know how universal the 1:1 might be, but I don't think it's limited to the bottom of the market. I've recently researched the market for my boat, a 1982 S2 8.5A which I bought in 2000. From what I found, I can easily sell it for the price I paid 12 years ago.
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post #12 of 16 Old 03-07-2013
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Re: Advice to a newbe

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I also don't know how universal the 1:1 might be, but I don't think it's limited to the bottom of the market. I've recently researched the market for my boat, a 1982 S2 8.5A which I bought in 2000. From what I found, I can easily sell it for the price I paid 12 years ago.
A sign that you're pretty much at the bottom of the depreciation curve for your boat, I'd say.. From that point on you can only devalue it through neglect.

Ron

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Capt G E Ericson (from "The Cruel Sea" by Nicholas Monsarrat)
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post #13 of 16 Old 03-07-2013
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Re: Advice to a newbe

The way I am looking at it is that likely I will be the last owner of what ever classic 70's to 80's boat I buy. Not that I don't plan on taking care of it, but it just seems the market is getting smaller and smaller and there are basically the same number of boats out there. Also with the reduction in marinas there seems to be a glut of boats. So I will keep it and when I decide to move up I may give it to one of my kids if they are interested. Unless the boat is one that is constantly in demand (and therefore higher initial cost) it might be on the market for years before selling. I just figure the boat is going to be an unrecoverable expense, if I sell it that will just be a bonus.
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post #14 of 16 Old 03-07-2013
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Re: Advice to a newbe

Everyone's needs are different. I agree with bljones rationale behind buying an old cheap boat for most newbies. However, this is not for everyone. I was a newbie boatowner myself when I bought our boat a year ago. However, i had sailed on other peoples boats off and on for 20 years. I specifically DID NOT buy an old cheap boat exactly because I wanted my spouse to be happy in the boat. She's not in love with the heeling and yawing... but she sure does love the clean galley, clean head and comfortable bunks. We chose a 10 y/o Catalina 320... definitely not a cheap boat and not really appropriate for the discussion of $3k vs $10k boats... but in the end, this decision has made the Admiral much happier and because of it, we can now use it as our weekend cabin with our 4 kids. This gets me much more sailing time during the summer and we all win.
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post #15 of 16 Old 03-07-2013
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Re: Advice to a newbe

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Speaking of spouses, that is another reason why borrowing to go boating is a bad idea.
Boats can sometimes make or break a marriage. If he/she dislikes the rocking and heeling and yawing and yelling, the fact that 239 more monthly payments are attached to it just becomes a bigger bone of contention and things can get real ugly real quick.
Seems more like an argument to not get married than to not buy a boat! Too late for me, but perhaps you can save someone before it is too late!
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post #16 of 16 Old 03-08-2013
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Re: Advice to a newbe

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Originally Posted by miatapaul View Post
The way I am looking at it is that likely I will be the last owner of what ever classic 70's to 80's boat I buy. Not that I don't plan on taking care of it, but it just seems the market is getting smaller and smaller and there are basically the same number of boats out there. Also with the reduction in marinas there seems to be a glut of boats. So I will keep it and when I decide to move up I may give it to one of my kids if they are interested. Unless the boat is one that is constantly in demand (and therefore higher initial cost) it might be on the market for years before selling. I just figure the boat is going to be an unrecoverable expense, if I sell it that will just be a bonus.
That's how I feel about my center console but I offered it to my son and he just said to sell for what I can get...go figure. You have the right attitude...buy it right and consider the money spent as a recreational expense. You are never disappointed in the end.
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