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#1
posted to rec.boats
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Speaking of boats for the middle class.
I was wondering if there are any stats on how long people actually
keep their boat. Like if they buy a new runabout or cuddie etc. how long do they actually keep it, before selling it or trading it in for a new model. some people keep cars a year then trade for new, others buy new and run the wheels off it. I've never bought a brand new boat in my life and really don't plan on it. My two boats are 1983 and 1977. Both in very good shape and will be keeping them for quite a while. Does anyone know what is the average trade off or average length of ownership is for boats? |
#2
posted to rec.boats
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Speaking of boats for the middle class.
Tim wrote:
I was wondering if there are any stats on how long people actually keep their boat. Like if they buy a new runabout or cuddie etc. how long do they actually keep it, before selling it or trading it in for a new model. some people keep cars a year then trade for new, others buy new and run the wheels off it. I've never bought a brand new boat in my life and really don't plan on it. My two boats are 1983 and 1977. Both in very good shape and will be keeping them for quite a while. Does anyone know what is the average trade off or average length of ownership is for boats? MY GUESS is first time boat buyers either trade up or to a different model or get out of boating very quickly. I have purchased 3 used and 2 new boats. I believe used is a much better way to do it. Let someone else take the 20% hit. New boat smell just isn't worth that much. |
#3
posted to rec.boats
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Speaking of boats for the middle class.
Reginald P. Smithers III wrote: MY GUESS is first time boat buyers either trade up or to a different model or get out of boating very quickly. I have purchased 3 used and 2 new boats. I believe used is a much better way to do it. Let someone else take the 20% hit. New boat smell just isn't worth that much. Yes, I would think that for middle classers that the used market would be a better value. 20% hit? I would think that the spread would be greater than that, but then again, I really don't know. I haven't priced brand new, and compared with a year or two older models |
#4
posted to rec.boats
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Speaking of boats for the middle class.
On Wed, 28 Nov 2007 09:50:08 -0800 (PST), Tim
wrote: 20% hit? I would think that the spread would be greater than that, but then again, I really don't know. I haven't priced brand new, and compared with a year or two older models Depends on the boat and how old it is. 20% after the first year or two is probably in the ballpark. After 5 to 7 years it's closer to 50% for all but the highest quality. |
#5
posted to rec.boats
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Speaking of boats for the middle class.
Wayne.B wrote:
On Wed, 28 Nov 2007 09:50:08 -0800 (PST), Tim wrote: 20% hit? I would think that the spread would be greater than that, but then again, I really don't know. I haven't priced brand new, and compared with a year or two older models Depends on the boat and how old it is. 20% after the first year or two is probably in the ballpark. After 5 to 7 years it's closer to 50% for all but the highest quality. Depends on the boat, the demand for the boat, and its condition. I sold my 2003 Parker 25' rig in 2007 for only 10% less than I paid for it. No broker, either. I wasn't hurt by the fact that between 2003 and 2007, Parker raised its price for the same model boat by nearly $20,000. |
#6
posted to rec.boats
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Speaking of boats for the middle class.
On Nov 30, 9:50 pm, HK wrote:
Wayne.B wrote: On Wed, 28 Nov 2007 09:50:08 -0800 (PST), Tim wrote: 20% hit? I would think that the spread would be greater than that, but then again, I really don't know. I haven't priced brand new, and compared with a year or two older models Depends on the boat and how old it is. 20% after the first year or two is probably in the ballpark. After 5 to 7 years it's closer to 50% for all but the highest quality. Depends on the boat, the demand for the boat, and its condition. I sold my 2003 Parker 25' rig in 2007 for only 10% less than I paid for it. No broker, either. I wasn't hurt by the fact that between 2003 and 2007, Parker raised its price for the same model boat by nearly $20,000. Sounds to me like somebody got a bargian! buying the boat at "sale price" with an extra 10% off. |
#7
posted to rec.boats
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Speaking of boats for the middle class.
On Nov 28, 8:47�am, Tim wrote:
I was wondering if there are any stats on how long people actually keep their boat. Like if they buy a new runabout or cuddie etc. how long do they actually keep it, before selling it or trading it in for a new model. some people keep cars a year then trade for new, others buy new and run the wheels off it. I've never bought a brand new boat in my life and really don't plan on it. My two boats are 1983 and 1977. Both in very good shape and will be keeping them for quite a while. Does anyone know what is the average trade off or �average length of ownership is for boats? Small boats probably turn over pretty quickly. Two-foot-itis is more prevalent in boats under 30 feet or so than with larger models. That said, I've had my boat since the early 90's and among our circle of friends we are the only couple who haven't traded boats at least once and more commonly twice during that same time frame- and most of the people we know from the club,etc, have 30-50 foot boats. So they do turn over, but nowhere nearly as rapidly as people churn through a succession of cars or trucks. |
#8
posted to rec.boats
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Speaking of boats for the middle class.
Chuck Gould wrote: Small boats probably turn over pretty quickly. Two-foot-itis is more prevalent in boats under 30 feet or so than with larger models. I'd say thats right, Chuck. I bought my 83 Chriscraft 169 because the boat was in well maintained shape and the price was right. when I took it out the next eyar I found out it was a bit cramped for my wife, daughter and myself. Oh it's a fun little boat, and I still enjoy taking it out occasionally, especially for a quick trip out to the local smaller lakes, but because of it's smaller deminsions, that'swhen I decided to move up to the 23' Marquis Cuddie. It's a lot more boat, and still well maintained and was priced very reasonable. But it uses a lot more fuel. Room and ride is still a decent trade off for the economy, though. But I'd really like to get up to a 27+ footer again, but then again trailerability becomes a problem for cruisers, plus at this stage the fuel expenses are prohibitive. But yes, I think that most people start out small then for reasons I've stated will move up to larger rather quickly. |
#9
posted to rec.boats
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Speaking of boats for the middle class.
"Tim" wrote in message ... Chuck Gould wrote: Small boats probably turn over pretty quickly. Two-foot-itis is more prevalent in boats under 30 feet or so than with larger models. I'd say thats right, Chuck. I bought my 83 Chriscraft 169 because the boat was in well maintained shape and the price was right. when I took it out the next eyar I found out it was a bit cramped for my wife, daughter and myself. Oh it's a fun little boat, and I still enjoy taking it out occasionally, especially for a quick trip out to the local smaller lakes, but because of it's smaller deminsions, that'swhen I decided to move up to the 23' Marquis Cuddie. It's a lot more boat, and still well maintained and was priced very reasonable. But it uses a lot more fuel. Room and ride is still a decent trade off for the economy, though. But I'd really like to get up to a 27+ footer again, but then again trailerability becomes a problem for cruisers, plus at this stage the fuel expenses are prohibitive. But yes, I think that most people start out small then for reasons I've stated will move up to larger rather quickly. The previous boat I bought new. But was a 14' aluminum boat and I wanted a deep transom model, so ordered it new. Was about $2100 out the door with a new Mariner 15 hp longshaft. 1986. The boat I have now was 4 years old when I bought it in 1995. Is also aluminum, but was $26k in 1991. Have no plans to trade this one. Did replace the engine 2 years ago. Previous boats were used also. |
#10
posted to rec.boats
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Speaking of boats for the middle class.
On Wed, 28 Nov 2007 09:15:23 -0800 (PST), Chuck Gould
wrote: On Nov 28, 8:47?am, Tim wrote: I was wondering if there are any stats on how long people actually keep their boat. Like if they buy a new runabout or cuddie etc. how long do they actually keep it, before selling it or trading it in for a new model. some people keep cars a year then trade for new, others buy new and run the wheels off it. I've never bought a brand new boat in my life and really don't plan on it. My two boats are 1983 and 1977. Both in very good shape and will be keeping them for quite a while. Does anyone know what is the average trade off or ?average length of ownership is for boats? I can only give the experience of my family: Dad: 1. Bought a 16 ft aluminium boat in early 1960s with an evinrude electric shift outboard. 2. Replaced that in 1972 with a Glastron 18 ft. tri-hull with 6 cyl. Mercruiser IO. (10 to 12 years?) 3. Sold Glastron to my brother and bought a Crown 20 ft bowrider with 8 Cyl. Mercruiser in about 1983. (11 years) 4. Somewhere in there while not getting rid of the above he also owned a small cabin cruiser for a few years - probably around 1976 to about 1980. (3 to 4 years?) 5. He also owned a pontoon boat with a 75 HP outboard from about 1980 to 1988. (7 to 8 years) 6. He gave the Crown to my sister when he became to ill to use it in 1993. (10 years) Brother: 1. Bought the 1972 Glastron from dad in 1982. Sold it last year. Hasn't replaced it yet. (24 years. In the family for 34 years) Sister 1: 1. Was given the Crown in 1993. Still owns it and it is still very pretty and runs well and she wouldn't part with it. (14 years. In the family for 24 years) Sister 2: 1. Bought a small Glastron bowrider with outboard in late 1980s to early 1990s. 2. Sold Glastron and bought a 18 foot Crownline bowrider with 6 cyl. Mercruiser IO in 2000. (10 years or so for the Glastron) (7 years so far for the Crownline) Me: 1. Bought a 18 ft. 1990 cuddy cabin with an OMC IO in August 2004. It was washed down the Allegheny and Ohio river in September of that year. I had used it 3 short times. It was totaled after fining its way about 80 miles and over 4 locks before being washed up on some wooded shore just up from Wheeling WV. (1.5 months ;-0) 2. Bought a 1995 Sea Pro Citation 1900 cuddy cabin with a small Mercruiser IO in the fall of 2004 and still have it. (3 years so far) All in all not a lot of buying and selling or trading up in my family and in my local experience that is the norm around here. Might be different in coastal areas or in areas where a lot of the local economy is water recreation based (i.e. big lake areas, etc.). Dave Hall (Forgot that I bought a 12 ft jonboat with 5 hp Wards outboard in 1969 and still own it - 38 years) Small boats probably turn over pretty quickly. Two-foot-itis is more prevalent in boats under 30 feet or so than with larger models. That said, I've had my boat since the early 90's and among our circle of friends we are the only couple who haven't traded boats at least once and more commonly twice during that same time frame- and most of the people we know from the club,etc, have 30-50 foot boats. So they do turn over, but nowhere nearly as rapidly as people churn through a succession of cars or trucks. |
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