Home |
Search |
Today's Posts |
#5
|
|||
|
|||
Got that straight - I was just wondering how negotiable - boats which
sold new in 1995 for under $100k going for $55k to $105k ten years later. Could make sense in a sellers' market, but last I heard it is tough going selling boats. ******************* Right now it's tough going finding enough boats to sell. Every broker I know is doing a land-office business. At least here in the Pacific NW, it is a seller's market, not a buyer's. Incredibly low interest rates and a local economy that is beginning to recover have combined to bring out the buyers. There is a simple answer to your question concerning boat depereciation. The boat that sold for $100,000 ten years ago and still brings $100,000 today does so not because the boat hasn't aged or worn out, but because the same boat today now sells for $200,000 new. Used boat prices are justified by comparing to the cost of purchasing the same thing new, more like houses than cars. (Likely due to the fact that unlike cars, boats aren't shot after 5-6 years of average use). Unlike real estate, most boats won't actually appreciate but if the new price goes up high enough, fast enough, an older boat often sells for the same amount of pre-inflated dollars ten years or 20 years after the fact than it did when new. I will be aboard a boat today that sold in the early 1980's, almost a quarter century ago, for about $80,000. The boat is a decent value today at $120,000. Factors involved include prices for comparable brand new boats now marked at between 300-400,000- and the observation that 120,000 2005 dollars won't buy what 80,000 dollars would have brought in 1980. |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
Bought a Reinel 26' | ASA | |||
rec.boats.paddle sea kayaking FAQ | General | |||
Prices on used boats | Cruising | |||
"The SEARCH" redux (long, as usual) | Cruising | |||
British versus American designs. | Touring |