A fall in boat prices on horizon?

[Laser310]

The brokerage boat inventory still seems quite low to me all over - GB, EU, and USA.

I am ready to buy - cash on hand - one of a few specific boats in the ~40-44ft range, and whereas a few years ago it seemed there were nearly always one or two for sale, now I commonly see none for sale.

On the other hand, someone who recently bought a large brokerage catamaran, at a price range a lot higher than mine, told me that he thinks the market for those boats is easing up: he saw a lot of price flexibility.

One thing I was wondering about is interest rates. I would not finance a boat, but it seems that lease/finance arrangements are pretty common in some countries; France, for example. If these are on variable rates, some owners could be looking to get out. Still, I doubt it would be a significant effect.

 

[Bouba]

The brokerage boat inventory still seems quite low to me all over - GB, EU, and USA.

I am ready to buy - cash on hand - one of a few specific boats in the ~40-44ft range, and whereas a few years ago it seemed there were nearly always one or two for sale, now I commonly see none for sale.

On the other hand, someone who recently bought a large brokerage catamaran, at a price range a lot higher than mine, told me that he thinks the market for those boats is easing up: he saw a lot of price flexibility.

One thing I was wondering about is interest rates. I would not finance a boat, but it seems that lease/finance arrangements are pretty common in some countries; France, for example. If these are on variable rates, some owners could be looking to get out. Still, I doubt it would be a significant effect.

The lease on boats in France was specifically designed to be the best way to buy boats in order to help the boat manufacturing industry. With added incentives like insurance included and a couple of payment holidays. In fact at the time we bought, it was no interest and cheaper than cash

 

[DownWest]

The lease on boats in France was specifically designed to be the best way to buy boats in order to help the boat manufacturing industry. With added incentives like insurance included and a couple of payment holidays. In fact at the time we bought, it was no interest and cheaper than cash

Quite. Local friend bought an Amal 54. Saved a lot with the 'deal' over the list price. Def structured to help the industry.

 

[Bobc]

Latest in the car world....

Auction houses awash with Range Rovers, and none are making their reserve price.

Dealers are dumping them at auction because they can't shift their stock, and people with them on PCP are giving them back and getting something more economical instead.

If you want a cheap Rangy, give it a month or 2, and you'll be able to get one for pocket money. 2-3 year old ones currently fetching £5-10k below trade now.

 

[prestomg27]

I have thought for a while that the covid boat boom would rebound at some point. If you think keeping a 34 foot boat on a south coast marina cost anywhere from 10k plus a year to just keep and then haulouts, insurance and maintenance on top, you are talking 15k plus a year.

How many partners of people who bought boats recently will be looking at that level of after tax cash going out and be putting pressure on the owner to sell and get some money back. Here on the east coast i don't think i have ever seen the boat to the left of me move and the one to the right maybe twice this season.

Certainly, looking at apolloduck there are twice the numbers of sadler 32s for sale now than last year and i think about 3k cheaper. 22k for a good one with a newish engine.

 

[dunedin]

Latest in the car world....

Auction houses awash with Range Rovers, and none are making their reserve price.

Dealers are dumping them at auction because they can't shift their stock, and people with them on PCP are giving them back and getting something more economical instead.

If you want a cheap Rangy, give it a month or 2, and you'll be able to get one for pocket money. 2-3 year old ones currently fetching £5-10k below trade now.

Reports elsewhere that in many places it can be difficult or even impossible to insure a Range Rover or Land Rover Defender - their lax approach to not fixing their security weaknesses (top of car stolen lists for 4 years in a row) have apparently led to 1% of them being stolen in a single year, hence many insurance companies declining to cover.

 

[Bobc]

Reports elsewhere that in many places it can be difficult or even impossible to insure a Range Rover or Land Rover Defender - their lax approach to not fixing their security weaknesses (top of car stolen lists for 4 years in a row) have apparently led to 1% of them being stolen in a single year, hence many insurance companies declining to cover.

Indeed. I'm sure that's not helping much. Allegedly around 90-100 being stolen in London every day!

I guess the sky-high insurance just adds to the £1000 road tax and the 15mpg.

 

[dunedin]

Indeed. I'm sure that's not helping much. Allegedly around 90-100 being stolen in London every day!

I guess the sky-high insurance just adds to the £1000 road tax and the 15mpg.

To be fair I suspect the vast majority of UK Range Rovers are diesel and nowadays will easily get 30mpg.
But fuel costs are largely irrelevant compared to depreciation. For example a Tesla Model X I looked at seemed to have depreciation costs of £1.70 per mile!!

 

[ashtead]

Volvo xc90 a few years old look reasonable apart from the road tax

 

[Sticky Fingers]

Volvo xc90 a few years old look reasonable apart from the road tax

Try the T8 plug in hybrid. Not at all bad.

 

[Irish Rover]

I got an email today from Sunsail offering 4 x 2017 Sun Odyssey 349's for sale @€99k each excluding EU VAT - 2 in Greece and 2 in Croatia. I don't know if that's cheap for these boats.

 

[benjenbav]

I got an email today from Sunsail offering 4 x 2017 Sun Odyssey 349's for sale @€99k each excluding EU VAT - 2 in Greece and 2 in Croatia. I don't know if that's cheap for these boats.

Oddly, I spotted those also. Wonder what they’ll actually fetch?

 

[Tranona]

That is the going rate for a 6 year old ex charter boat. similar boat here in Corsica for 110k VAT paid https://www.yachtworld.co.uk/yacht/2017-jeanneau-sun-odyssey-349-8931910/ typical asking price in UK would be around £110k+.

 

[lustyd]

Trouble is they’ll be charter layout. Good for weekend racers but less so for owner cruisers

 

[Frogmogman]

Trouble is they’ll be charter layout. Good for weekend racers but less so for owner cruisers

A quick look at the sunsail brokerage site shows the 349s on offer to be the 2 cabin version, so not so. A new one is now stupidly expensive, so I don’t think they’ll have any trouble shifting these. It’s a great little family cruiser.

 

[Tranona]

A quick look at the sunsail brokerage site shows the 349s on offer to be the 2 cabin version, so not so. A new one is now stupidly expensive, so I don’t think they’ll have any trouble shifting these. It’s a great little family cruiser.

Yes, rare to see sub 35' boats now for charter with the 3 cabin layout - or indeed many newish charter boats of that size at all.

 

[lustyd]

A quick look at the sunsail brokerage site shows the 349s on offer to be the 2 cabin version, so not so. A new one is now stupidly expensive, so I don’t think they’ll have any trouble shifting these. It’s a great little family cruiser.

Blimey that’s a bargain then! Especially given the size of a modern design of that length, much bigger than our ‘99 36 footer

 

[Tranona]

Blimey that’s a bargain then! Especially given the size of a modern design of that length, much bigger than our ‘99 36 footer

Not really. See post #113. Quick bit of googling will find it comparable with same model from 2015-2018 once VAT is paid. If you want the boat in the UK add another £10k or so to get it here plus 20% brings it close to £120k. In Greece it would be £108550 VAT paid.

Well equipped 2 cabin 2016 example in Suffolk for £115k
https://www.yachtworld.co.uk/yacht/2016-jeanneau-sun-odyssey-349-9131347/

 

[Tradewinds]

There’s a very nice, lightly used 2015/16 Jeanneau 389 for sale at Levington.

2015 Jeanneau Sun Odyssey 389 Levington, United Kingdom - Clarke and Carter

No connection other than being a friend of the recently deceased owner.

 

[Sticky Fingers]

@benjenbav if you fancy going to check either or both of these out I’ll be very happy to tag along…