A inexpensive start to boating ..again on Ebay.

[oldgit]

Another example of just how much boat prices have softened ?
http://www.ebay.co.uk/itm/Princes-3...302749?hash=item41ac29ebdd:g:LR8AAOSwzJ5XVu1F
Moored just up the pontoon from me, long term owner is downsizing.

That rather nice Mochi is still there but with a 5K reduction in price.Well priced Princess 330 and 41,also Fairline Corniche, all well below asking prices with brokers.
Is nothing selling in the price bracket ?

 

[Baseplate]

I'm not really seeing the issue, with the example you've given: it's a 41-year old cruiser that's obviously been well used over the years and is showing it's age.

As you said, a cheapish first rung on the ladder for someone who's not going to be too adventurous for a first boat.

I'd call that asking price about right.

 

[CLB]

I bought my boat in 2010. I think I would get almost the same back for it today if I sold it. Prices have only softened on boats that were overpriced in the first place.

 

[oldgit]

I'd call that asking price about right.

....and I would agree with you,not sure where that leaves all the other boats on brokers listings in this age/size bracket asking more than twice as much ?

 

[Baseplate]

....and I would agree with you,not sure where that leaves all the other boats on brokers listings in this age/size bracket asking more than twice as much ?

Ah-now I understand!

Again, couldn't agree more: it is probably the age-old boatism of vastly inflated expectation of owners with regard to the resale value of their pride and joy.

 

[Nautorius]

In the past, all GRP boats held their price whilst the old wooden ones rotted. Then came the explosion in the 1990's in building numbers and it is now that we have oversupply of 1990-2000 boats. this means great deals compared to 5/10 years ago....but still potential big bills. So limited Market. of course these boats are now 5/10 years older.

 

[oldgit]

In the past, all GRP boats held their price whilst the old wooden ones rotted. Then came the explosion in the 1990's in building numbers and it is now that we have oversupply of 1990-2000 boats. this means great deals compared to 5/10 years ago....but still potential big bills. So limited Market. of course these boats are now 5/10 years older.

The problem will be most acute for boats of the 1970s and 80s.
Big, heavy and dated by modern standards.Interiors could be spruced up at little cost but rebuilding an engine would not make much economical sense.
Great care would be needed when checking mechanical stuff.
Moving parts will be coming to end of their useful lives and judging by the state of one or two we have looked at, many boats not even started for years.