Do brand new boats depreciate as quickly as new cars?
 

Found out today from the boat marine shop that my I/O is pretty much a
write-off. My 3 options appear to be:
a) risking to go with a rebuilt engine (still an expensive solution);
b) buy a new engine (with the same Bayliner hull);
c) sell the boat (at a substantial lost if engine not working) and buy
another new or used boat.

I have a 1990 18' Bayliner Capri with a 2.3L OMC Cobra. Would be
looking at about the same size boat (if I choose to replace).

IF (and that is a big IF) I was to consider purchasing a brand new 2005
boat, I need to know if boats tend to maintain their value better than
cars (I often hear that when you drive a new car off the lot it is
worth only 3/4 of what one paid for it!).

Andre

"Melandre" wrote in message
oups.com...
Found out today from the boat marine shop that my I/O is pretty much a
write-off. My 3 options appear to be:
a) risking to go with a rebuilt engine (still an expensive solution);
b) buy a new engine (with the same Bayliner hull);
c) sell the boat (at a substantial lost if engine not working) and buy
another new or used boat.

I have a 1990 18' Bayliner Capri with a 2.3L OMC Cobra. Would be
looking at about the same size boat (if I choose to replace).

IF (and that is a big IF) I was to consider purchasing a brand new 2005
boat, I need to know if boats tend to maintain their value better than
cars (I often hear that when you drive a new car off the lot it is
worth only 3/4 of what one paid for it!).

Andre

A boat is not an investment. There are exceptions but boats generally take
the same nose dive in value as cars do over the first 3 years, perhaps
worse.

BTW: Is the I/O or engine shot? You can replace the I/O for about $3k.
You can have the engine rebuilt for about the same price.

You can purchase a good late 1990 model, 19~21 foot cuddy w/trailer
w/adequate power for around $10k if you take the time to shop around.
Pricing during the fall/winter is generally lower than spring pricing.