A used mass production Mobo 10 years old... what happens next?

Firefly625

Firefly625

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OK, strange question... but its Friday......

..........on 10th August I am going to have a look at a boat....

1. Its made by a well know French manufacturer, so its no Swedish beauty, or well built English lady...

2. New price was just over double what it is selling for now

3. Its now 10 years old

My question is, what happens to its value from now on....? In another 10 years will it be worth half again.... therefore in 5 years might it be worth 1/3 of new price...... if you see what I mean!....

For reference, its Volvo diesel power, done 600 hrs, its not a sports cruiser & assume its condition will remain immaculate and engine hours on the low side for the year, and electronics have been upgraded a couple of years ago. I haven't put boat make and model... just wanted to get everyone general view and thoughts.....Oh and before everyone starts trying to work out what the economy might be up to in 5 or 10 years time....lets just assume its roughly what it is today....well we not going to see a boom any time soon!

.....oh, and I know boats are a depreciating asset and that fact is never going to stop me having one!
 
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think it depends on whether
its a popular boat, or a lemon,
single or twin
size

But trying to wonder what it will be in ten years...lets say worthless. At least you ll be pleasantly surprised.
 
I think leisure boats take several big hits
Brand New to a day old, big, big, hit.
Then assuming its not a "future classic", The period in which the engine and propulsion equipment becomes outdated and unwanted and the period in which the interior and general aesthetics, dash board etc. become outdated and old fashioned.

For example you mention a 10 year old boat, 1998, OK most 1998 boats, today, look the part and are still in vogue. Whilst there are many exceptions, however, if you take a general look at 80's boats now (equal to your 10+10) they are dated and perhaps not in vogue, furthermore, some of them have indesirable engines and drives.

Just a view
 
I think at that age they just about flatline, my own boat is about 18yrs old and 4 years ago I paid about 10% less than new list list price in 1990. There are many examples of 80's boats that now fetch more than the new price. A good example is the 1960's Freeman 22,23, new it was about 1.5K now asking 5-6K, so I guess there must come point where a boat starts to appreciate, although in real terms its always worth less.
 
I think you must take into account that actual new price is usually a fair bit more than list, by the time you have negotiated a discount, then ticked the options (essentials) list, plus deliver/commissioning plus etc.

So actual early depreciation is usually more than expected.

Prices appear to level off a bit after 5 years, and I think it is down to condition and desirability.
I pad about 50% of delivered new price for my 5 year old boat. Engine hours 330, so had a reasonable ammount of use, but clearly loved and cherished. I will continue the TLC, but have no idea of todays value. Similar boats/age are being pried considerable more, but ultimately, it does not matter what you think the price is, the only one that matters is the buyer!!
 
Very Little idea!

The big depreciation hit seems to be going on now. I would say that at 10years old the majority of hefty depreciation has taken place and as long as you keep her clean you will not lose a lot. However at some stage they become considered a 'project boat' and at that stage they take the next major hit! These are normally 15 years old or if the design is really out of fashion earlier (think dolphin nose Sealines before S series).

Basically as long as it is a well known brand (Jeanneau or Beneteau) then it will always have some value.

Good luck

Paul
 
Thanks everyone for your thoughts,

Gavin, your statement;

"...lets say worthless. At least you ll be pleasantly surprised."

made me laugh, and in many ways so right!

IMHO I think it is a popular boat... Beneteau Antares 760 (1999) With 200HP Volvo TAMD41P... Does it look dated..? I think the early white hulled versions do look more dated that the blue hulled versions.. but invest a little bit of money with a new smart blue bimini over the rear cockpit, perhaps look at what graphics Beneteau used on the later 760's and add these, the actual boat never changed so I'm quite into doing this sort of "updating". At least the white hull doesn't fade!

Chris_d, your comments and experiences with prices is interesting, as you say boats of course depreciate, but on paper its sounds nuts that you paid just 10% less than list for a 14 year old boat.. but its all relative to values today and I'm sure your boat was good value.

...I'm sure there will be more wise words to follow...
 
Firefly625 said:
OK, strange question... but its Friday......

..........on 10th August I am going to have a look at a boat....

1. Its made by a well know French manufacturer, so its no Swedish beauty, or well built English lady...

2. New price was just over double what it is selling for now

3. Its now 10 years old

My question is, what happens to its value from now on....? In another 10 years will it be worth half again.... therefore in 5 years might it be worth 1/3 of new price...... if you see what I mean!....

For reference, its Volvo diesel power, done 600 hrs, its not a sports cruiser & assume its condition will remain immaculate and engine hours on the low side for the year, and electronics have been upgraded a couple of years ago. I haven't put boat make and model... just wanted to get everyone general view and thoughts.....Oh and before everyone starts trying to work out what the economy might be up to in 5 or 10 years time....lets just assume its roughly what it is today....well we not going to see a boom any time soon!

.....oh, and I know boats are a depreciating asset and that fact is never going to stop me having one!
Click to expand...
I've bought and sold lots of secondhand boats (12 and counting) and my experience is that depreciation does level off after 5 years and eventually flatlines after about 10-15yrs. But IMHO, this only applies to popular models from mainstream builders with the standard engine package and obviously assuming they are kept in good condition. Anything out of the ordinary like an unusual hull colour or interior colour or an odd engine package (even the mainstream builders do it on occasions) will damage the boat's value and continue to do so throughout it's life. Obviously, at present, the current economic climate is damaging values but the economy will recover and IMHO, good examples of popular models are still selling anyway
So, my advice is to be dead boring, buy what everybody else is buying and look after it
 
Firefly625 said:
I think a Antares 760 will always have a bit of a following due to small size and capable hull... but might be wrong. Its not "wow" boat... it just does what it says on the tin!
Click to expand...

I think it would be as good as any for a 10 year "keeper". and better than many.

Comes from a known manufacturer, built a lot of them so a known quantity and together with family models a familiar package and sight - that proved popular for genuine practical reasons, and not simply based on a style statement.

The genuine practical reasons will not fundamentally change in 10 years. It may by then not have the current "look", but IMO it won't look too out of place........and their will still be loads around and with punters who will be familiar with & like them. It won't be a 1980's twin petrol / outdrive Sunseeker :p

For your boat, value / saleability will IMO by then be based heavily around the engine - a 20 yo engine will make people think carefully, although no reason why an engine of this age can't do another 20, we all know that folk can fook up engines in a fraction of that time :rolleyes: and engine(s) starting to eat folk out of house and home is sometimes (??!) the reason for a sale.......especially by the 4th / 5th owner. I would keep the engine / bay looking clean (not easy to tart an engine / bay up just pre-sale) and keep an engine log of maintanence and repairs, even (especially) if you do it / some yourself.........to try and scream visually "careful owner" who understood the need for maintanence. IMO by 20 years engine hours not a big deal, by then all about condition.

Value wise (all things being eqaul economy wise) I would be surprised if you didn't get your money back. Less of course inflation, and maintanence, including the odd bit of refurb and enhancement........and throw in some inflation (my bet) yer may get more back, even if not in real terms.
 
sundancer9000 said:
Enjoy everyday in the boat, think of how much you will be worth in 20 years never mind the boat. life is for the living
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Correct, how much is my house worth?, dont know just live in it, what will my car be worth in 3 years?, dont know, just drive it, whilst you have to buy well and sell well, indeed, it can add to your enjoyment, however , dont forget the bit in the middle
 
Firefly625 said:
OK, strange question... but its Friday......

..........on 10th August I am going to have a look at a boat....

1. Its made by a well know French manufacturer, so its no Swedish beauty, or well built English lady...

2. New price was just over double what it is selling for now

3. Its now 10 years old

My question is, what happens to its value from now on....? In another 10 years will it be worth half again.... therefore in 5 years might it be worth 1/3 of new price...... if you see what I mean!....

For reference, its Volvo diesel power, done 600 hrs, its not a sports cruiser & assume its condition will remain immaculate and engine hours on the low side for the year, and electronics have been upgraded a couple of years ago. I haven't put boat make and model... just wanted to get everyone general view and thoughts.....Oh and before everyone starts trying to work out what the economy might be up to in 5 or 10 years time....lets just assume its roughly what it is today....well we not going to see a boom any time soon!

.....oh, and I know boats are a depreciating asset and that fact is never going to stop me having one!
Click to expand...

Having just sold a 23 year old Windy for roughly more than half its original sale price, I think its worth saying "keep it in good order" and enjoy it!
 
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