aicon 52 help?

[squadron]

after looking through thousands of boats i have come across this . its not exactly what i was looking for but seems to be extreemly good value .(maybe too good to be true ).

trouble is i cant find any info on this boat , not even a manufacturer website ?.

can anyone please give me any information on aicon specially the 52 . i have found the boat on several websites and it appears to be an ex show boat 30 or 110 hours only depending on which broker site you visit ,also it has been kept in dry storage all this time .

http://www.ybw-boatsforsale.com/Boats/150419-AICON-AICON+52

thanks david

 

[PowerYachtBlog]

So the Aicon 52 is the smallest boat ever built by Aicon. It became the 54 in 2005-6 stern aft deck, cockpit extension.
It is a Fulvio De Simoni design, and has sold much less to the 56, delivered in about 100 unit. The 56 was Aicon first model. The boats are very similar but the 56 has the much wanted full beam midships owners cabin.
That price is a steal.
I know some Aicon owners, and friends of owners and most seem to be happy with the boats. Company was in troubled financial waters in last 2 years, and was in near bankruptcy for the last year.
EYB is the Beneteau Group brokerage section so is quite reputable, and in that price you have to add commision of 5%. Altough this broker is in France and boat is in Sicily, and the spec sheet is very much empty.
I hope it is not the usual 200k EUROS + leasing fees of another 200k EUROS. So check your homework well.

 

[squadron]

So the Aicon 52 is the smallest boat ever built by Aicon. It became the 54 in 2005-6 stern aft deck, cockpit extension.
It is a Fulvio De Simoni design, and has sold much less to the 56, delivered in about 100 unit. The 56 was Aicon first model. The boats are very similar but the 56 has the much wanted full beam midships owners cabin.
That price is a steal.
I know some Aicon owners, and friends of owners and most seem to be happy with the boats. Company was in troubled financial waters in last 2 years, and was in near bankruptcy for the last year.
EYB is the Beneteau Group brokerage section so is quite reputable, and in that price you have to add commision of 5%. Altough this broker is in France and boat is in Sicily, and the spec sheet is very much empty.
I hope it is not the usual 200k EUROS + leasing fees of another 200k EUROS. So check your homework well.

haha thanks , i bet thats what it is, because on another website its much more expensive . see.. as i have been saying its really difficult to find a good deal especially being a newbie , its just not transparent at all .

thanks anyway ,i will forward you a pm shortly , i would welcome some info on the brand and the boat in question

heres the other website price .

.http://www.yachtworld.co.uk/boats/2004/Aicon-52---Part-Exchange-Considered-2455911/Italy

thanks david

 

[Deleted User YDKXO]

Be careful with Italian ex leasing boats. I was talking to the UK Ferretti dealer a few weeks ago and he was saying that there are lot of finance repo boats coming onto the market in Italy and the finance cos have very little idea what they are selling and many don't have title documents confirming the chain of ownership.
I have tried the old Aicon Group website address and it is down

 

[squadron]

Be careful with Italian ex leasing boats. I was talking to the UK Ferretti dealer a few weeks ago and he was saying that there are lot of finance repo boats coming onto the market in Italy and the finance cos have very little idea what they are selling and many don't have title documents confirming the chain of ownership.
I have tried the old Aicon Group website address and it is down

hi mike , i thought it was strange that there was no website. actually the boat in question is just an ex demo boat that has not even been registered ,its just been used for boat shows , so i dont see a problem with title as there are no previous owners . but 159k for an 8 year old virtually un-used 52ft boat, there has to be a catch .
if not then i may try my luck and make an offer.

thanks david

 

[kcrane]

Just a thought having considered the same issues as you a few years ago. If you've got the cash then the capital cost of having a boat is the amount it depreciates while in your ownership.

Right now interests rates are very low, so you can't earn much risk-free, so looking on the bright side, it isn't that much worse having capital tied up in GRP than in a bank.

The running costs of one 50ft boat versus another won't be much different unless you are unlucky and need to replace or fix something significant.

All that as background to say that buying the Aicon at £300k may not actually work out any cheaper than a Sq58 at £400k. The Sq58 is a well known boat and as Deleted User has said, the older ones have dropped to the price they'll pretty much flatline at. You'll lose something in depreciation, but it won't be criminal.

That Aicon on the other hand is an unknown quantity, even in the Med. You could lose out, or at least have a painful time trying to pass it on (as the current owners have already found, it has hung around for 8 years).

I'm suggesting that laying out more cash now (if you don't need to borrow it) isn't a bad option cos over say 3 years of ownership it might actually cost you less and you'd have the boat you really want [your forum nom de guerre suggests you really want the Fairline ]

 

[squadron]

Just a thought having considered the same issues as you a few years ago. If you've got the cash then the capital cost of having a boat is the amount it depreciates while in your ownership.

Right now interests rates are very low, so you can't earn much risk-free, so looking on the bright side, it isn't that much worse having capital tied up in GRP than in a bank.

The running costs of one 50ft boat versus another won't be much different unless you are unlucky and need to replace or fix something significant.

All that as background to say that buying the Aicon at £300k may not actually work out any cheaper than a Sq58 at £400k. The Sq58 is a well known boat and as Deleted User has said, the older ones have dropped to the price they'll pretty much flatline at. You'll lose something in depreciation, but it won't be criminal.

That Aicon on the other hand is an unknown quantity, even in the Med. You could lose out, or at least have a painful time trying to pass it on (as the current owners have already found, it has hung around for 8 years).

I'm suggesting that laying out more cash now (if you don't need to borrow it) isn't a bad option cos over say 3 years of ownership it might actually cost you less and you'd have the boat you really want [your forum nom de guerre suggests you really want the Fairline ]

i have actually had an email from the broker , the price is correct and he has three to choose from, one with only 28 hours, price only 150k, my head is saying buy the cheap boat and have two years in the med with it and invest the saving in something that will make money . its a win win situation, i think it will still be a bargain for someone when i sell it , after all at the right price things sell .

having said that my heart is saying fairline or princess.

thanks david

 

[jfm]

When you actually see the Aicon you will see that it is a much less nice boat than the others. Flybridge is a joke compared with the Sq58. Aicon boats are reasonbly well built and have decent equipment but many models are not designed well. The 56 was a hit but many other models have been failures and sold in small numbers, and have clearly evident bad design features. There's a reason why the 52s are cheap and plentifully available and in this category I'd agree KCrane's advice and get a bargain Sq58 that has flat-lined at £380k or so (and try to get a 2004 or later model due to the big improvements that year)

 

[squadron]

When you actually see the Aicon you will see that it is a much less nice boat than the others. Flybridge is a joke compared with the Sq58. Aicon boats are reasonbly well built and have decent equipment but many models are not designed well. The 56 was a hit but many other models have been failures and sold in small numbers, and have clearly evident bad design features. There's a reason why the 52s are cheap and plentifully available and in this category I'd agree KCrane's advice and get a bargain Sq58 that has flat-lined at £380k or so (and try to get a 2004 or later model due to the big improvements that year)

to be honest i have only seen one other aicon 52 for sale and it was not cheap , i accept that there will be a lot of inferior design on the aicon , but never having owned a boat before i wont know what i am missing haha.
then maybe after a few seasons ,when i know what i am doing and what i am talking about ,and if i like the life style, i can invest in a better boat . i am sure it will still be a boat you could px against a fairline in two years time .

anyway at the moment i am not ruling anything in or out just keeping an open mind .

thanks david

 

[Deleted User YDKXO]

When you actually see the Aicon you will see that it is a much less nice boat than the others. Flybridge is a joke compared with the Sq58.

Agreed. I was going to write words to the effect that you don't see many, even in the Med but quite by chance, we're berthed in a marina near Trogir in Croatia tonight and we're moored close to an Aicon 52. Yup, it looks like its been hit with the ugly stick a few times but that's just my opinion. Certainly the flybridge is small. Reminds me of a Birchwood for some reason. An early Sq58 would be a much better buy IMHO and it won't lose much money either as it's becoming a sort of classic Fairline

 

[squadron]

Agreed. I was going to write words to the effect that you don't see many, even in the Med but quite by chance, we're berthed in a marina near Trogir in Croatia tonight and we're moored close to an Aicon 52. Yup, it looks like its been hit with the ugly stick a few times but that's just my opinion. Certainly the flybridge is small. Reminds me of a Birchwood for some reason. An early Sq58 would be a much better buy IMHO and it won't lose much money either as it's becoming a sort of classic Fairline

if you get a chance to talk to the owner, his comments would be well recived here mike ,good or bad . that is if you can bear to look at it haha

thanks david

 

[Deleted User YDKXO]

if you get a chance to talk to the owner, his comments would be well recived here mike ,good or bad . that is if you can bear to look at it haha

thanks david

OK will do if there's anybody on board

 

[PowerYachtBlog]

Actually the only reason the 52 never sold well was because it was only 50k EUROS cheaper to a 56. The Aicon 52 was the least succesful model from the builder. The revamped 54 did much well to it...

Comparing a Squadron 58 to an Aicon 52 is like Apples and Oranges. The Aicon 52 competes with an Azimut 50, Fairline 50 Phantom, Princess 50 Mk.1 or 2 etc.

Apart this model Aicon was pretty succesful. The 64 sold over 50 units, The 72 Open over 10 units, the flagship 85 same, and the 56 over 100.
So Aicon sold pretty well in the good years....

A used Aicon 52 will have a market in central med; France, Italy, Croatia, Greece. The 56 thanks to its full beam owners cabin at the time has market every where. Infact IMO the problem with the 52 is that it will always be in its shadow....

 

[christianmoore]

Sounds like a good deal but beware as there are quite a few reposession Aicons on the market being sold through Croatian and Italian banks which I understand are limited on paperwork. I have not had any first hand experience with Aicon but have discussed them with colleagues in the trade and personally I would choose to avoid unless I was very confident in the general reputation of the marque, but as with anything it comes down to personal preference and as the saying goes 'you pay your money and you take your choice'.

I have had some potential clients use these boats as a negotiation tool against well known and trusted brands such as Azimut and Sunseeker to try and justify the low offers! It's only my opinion but this isn't the best way of trying to justify an offer on brands with heritage and a proven track record.

I would agree with the other comments in the thread about the squadron 58, it's a great boat and has a great reputation with stable residuals. Regardless of any of the above, make sure that whatever you buy has the correct title paperwork and that the tax status is as advertised and is legitimate as this is crucial with any boat purchase. If you use a good broker they should be able to give you confidence and there are Proffesional association websites that can help with guidance.

Best of luck whatever you do and I hope you have an enjoyable season aboard your new vessel.

 

[squadron]

Actually the only reason the 52 never sold well was because it was only 50k EUROS cheaper to a 56. The Aicon 52 was the least succesful model from the builder. The revamped 54 did much well to it...

Comparing a Squadron 58 to an Aicon 52 is like Apples and Oranges. The Aicon 52 competes with an Azimut 50, Fairline 50 Phantom, Princess 50 Mk.1 or 2 etc.

Apart this model Aicon was pretty succesful. The 64 sold over 50 units, The 72 Open over 10 units, the flagship 85 same, and the 56 over 100.
So Aicon sold pretty well in the good years....

A used Aicon 52 will have a market in central med; France, Italy, Croatia, Greece. The 56 thanks to its full beam owners cabin at the time has market every where. Infact IMO the problem with the 52 is that it will always be in its shadow....

hi william , i am not trying to compare it to a sq58, even as a newbie i already know there is a vast gulf in percevied quaility between the two marques .
it just got me thinking if i could really buy a 53ft 2004 boat with only 28 hours on it ,in as new condition for 150k then i could learn the ropes with it without feeling too worried about every scrape and bang on the gel coat .

come resale time... in a couple of years i could probably sell or px it for reasonable money ..ie..very cheap compared to other things . the aicon 56s that i can see which are more comparable in size to the sq58 are roughly the same price as a sq58, so i dont know if the aicon brand is really seen as a budget brand in some parts of the world .

thanks david

 

[squadron]

Sounds like a good deal but beware as there are quite a few reposession Aicons on the market being sold through Croatian and Italian banks which I understand are limited on paperwork. I have not had any first hand experience with Aicon but have discussed them with colleagues in the trade and personally I would choose to avoid unless I was very confident in the general reputation of the marque, but as with anything it comes down to personal preference and as the saying goes 'you pay your money and you take your choice'.

I have had some potential clients use these boats as a negotiation tool against well known and trusted brands such as Azimut and Sunseeker to try and justify the low offers! It's only my opinion but this isn't the best way of trying to justify an offer on brands with heritage and a proven track record.

I would agree with the other comments in the thread about the squadron 58, it's a great boat and has a great reputation with stable residuals. Regardless of any of the above, make sure that whatever you buy has the correct title paperwork and that the tax status is as advertised and is legitimate as this is crucial with any boat purchase. If you use a good broker they should be able to give you confidence and there are Proffesional association websites that can help with guidance.

Best of luck whatever you do and I hope you have an enjoyable season aboard your new vessel.

hi christian, no problem with title , the boats are new . you can buy it +vat or not , the only thing i am not sure about is the exact spec, at the moment i am waiting to hear back as to what equipments have been installed as thoes details are too sketchy at this time . i will wait untill i have actual boat images and full list of features before i decide if it is really such a good deal.

thanks david

 

[Deleted User YDKXO]

OK will do if there's anybody on board

Sorry squadron, nobody on board last night or this morning

 

[christianmoore]

Hi David

All sounds good and should be OK but I would still have the paperwork checked properly to make sure all is in order, maybe even look at using a good marine lawyer to make sure of it, could be the best few quid you spend!!! I hope you don't mind me saying as I am not trying to put you off, but paperwork is one of the biggest problems for brokers when selling a used boat. If you want to have a chat about it I am happy to give some advice. Basics are: builders certificate in name of dealer, bill of sale from dealer to first owner ( should be you in this case), invoice showing tax paid (if applicable), CE certification, RCD compliance, transcript of registry if boat registered to make sure no outstanding debts or mortgages, confirmation that the boat is free of encumbrances! Proof of service history ( even though boat is effectively new, it should still have been maintained properly as it was built a few years ago).

Good luck with whatever you do.

 

[crust]

Squadron an interesting thread please keep posting and tell which way you end up going but best of luck whichever

 

[kcrane]

hi william , i am not trying to compare it to a sq58, even as a newbie i already know there is a vast gulf in percevied quaility between the two marques .
it just got me thinking if i could really buy a 53ft 2004 boat with only 28 hours on it ,in as new condition for 150k then i could learn the ropes with it without feeling too worried about every scrape and bang on the gel coat .

come resale time... in a couple of years i could probably sell or px it for reasonable money ..ie..very cheap compared to other things . the aicon 56s that i can see which are more comparable in size to the sq58 are roughly the same price as a sq58, so i dont know if the aicon brand is really seen as a budget brand in some parts of the world .

thanks david

I'm not trying to put you off either and I can see your logic, effectively new boat, lower than normal outlay, might not be the perfect design but won't be terrible (especially versus any other boat at around 60ft if you started by saying that your budget is £150k).

It is a fairly regular discussion on this forum - do I buy something older/smaller/cheaper than I really want and see how it goes, upgrading later? Alternative if to dive in and buy what you think is the right boat and avoid the time, expense and effort of changing later. There are pros and cons either way and there isn't a blanket answer to fit all circumstances.

I'll repeat my earlier comment though, the cost of the boat isn't the outlay of capital (£150k versus £400k) - the cost is the depreciation plus the cost of money. If you have the cash then the cost of money isn't high, so it comes down to depreciation and the may not be much in that between the Aicon and Fairline.