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Ed Ed is offline
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First recorded activity by BoatBanter: Jul 2006
Posts: 97
Default The big boat era is over...

Try selling a mid sized (48') older sport fish right now.....

at 2 gallons per mile.... I bought the boat when I could get diesel
delivered at 72 cents/gallon ($1.44/mile) BTW... that was only 6 years
ago when oil was about 35/barrel. NOW when oil hit 70/barrel,
delivered untaxed red diesel hit $2.85 at it's peak.... How did Diesel
go 4x when oil went 2x.... anyway... now instead of 1.44/mi it's 5.70/mi.

Some are selling but many people are going for the newer ones at 1.5
gal/NM for 1M to 500K vs 2gal/NM for 300K. The economics don't work
out but it is an excuse to get a newer boat.




Shortwave Sportfishing wrote:
On Fri, 22 Sep 2006 09:53:58 -0400, "Eisboch"
wrote:


I was talking to the boat broker here at Kingman yesterday. He had just
attended the boat show in Newport, RI. He reports that despite high fuel
prices, boats are still selling briskly up here.



Here's how it happened.

1 - Partner calls - we have a long talk and I agree it would be best
for him to do his thing. He's a very bright guy, solid education and
he's done his fantasy - it's time to git 'r dun as it were with
business and family.

2 - I'm at the marina and I mention it to the broker - he asks if I'm
willing to sell the boat - he's got several buyers that he thinks it
would be perfect for.

3 - Talk it over with my better half.

4 - Call broker - go for it.

5 - Broker calls back same day - got two, yada, yada, yada...

6 - They bid each other to what I basically paid for the boat - one
guy pulls the trigger.

Total elapsed time - two weeks start to finish.

Can't be all that bad out there.