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buying a boat
On Sat, 10 Mar 2007 13:47:55 -0600, Vic Smith
wrote: On 10 Mar 2007 08:28:30 -0800, wrote: hi folks, is there a big difference buying a boat that was built in 1975 vs 1985...providing that both were maintained to excellent standards? what things do you want to keep an eye out when purchasing a boat older that 15-20 years? I've heard insurance is higher on boats aged 10+ years. Might be a cost diff between 20 and 30 years old. Check it out. It's kind of a wash - you can either over insure and pay more or because it's 10+ years, they will only insure a certain amount of it's market value. Also depends on the boat. It's also odd how it works in some cases. I have full replacement cost policy on my boats - the Ranger, ETEC and trailer is insured for $32000 and the Princecraft, Johnson and trailer for $5200. Neither boat is worth that market wise and the replacement cost for an identical boat/motor/trailer is considerably higher now than when I bought them. Here's the interesting thing - I'm paying less for the policies than I did two years ago. :) |
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