Boat depreciation

[Deleted User YDKXO]

Re: Horses for courses

Kev, I'm not knocking your decision - I might have done the same thing myself - but in terms of value for money/depreciation, surely the used T34 would have been the sensible choice, being a popular model from a well known manufacturer (in the UK at least). The Sessa might well be a Riva built dogs bollox of a boat but nobody is going to pay you the same money in 3 yrs time when you want to sell it unless you're dead lucky and a weaker Sterling puts up the new boat price whereas the 3yr old T34 has already done most of it's depreciating
All IMHO and no criticism intended because I think the temptation of a shiny new boat would have been too much for me as well but I could'nt have rationalised in financial terms.
BTW did you look at the Gobbi range as well. That 425 tested in the comics recently looked an awful lot of boat for £160k

 

[KevB]

Re: Horses for courses

Mike,

Yes looked at the Gobbi's but didn't like them. Very garish colours and very very plasticy. Also looked a Cranchi Zaffiro which is a lot of boat for the money but they wanted a couple of grand deposit just to be put on a 3 year waiting list. We tried several times to view a second hand Ziffiro for sale in Guernsey but missed the crossing once, drove to Weymouth only for the crossing to be cancelled and drove to Poole only to find they had changed to their winter sailings that weekend - which was only from Weymouth, so gave up on that one, well almost. Did try to fly but the cost of a same day return flight from Southampton was £270 each.

The problem I found with the Targa 34's at three years old was they already looked out dated. I agree in depreciation terms the Targa would have been the better choice but then if we all chose our boats on financial benefits we'd all be sailors. Wouldn't we?

Buying new gave me three years piece of mind on the engines which with all the Volvo horror stories floating around (pardon the pun) was worth the possible problems at resale time. Altho so far I have only made money on the resale price of a boat not lost, so here's hoping.

 

[tcm]

Re: can\'t buy a Gobbi

becos of the name alone!

Also, ahem, weren't early Fline targa 34's devoid of a double berth? Just a vberth? Hence they don't resell well? Since sorted, but I've noticed that many slow-to-sell sailboats and power have all single berths.

 

[gjgm]

Just to follow on the point concerning the extent that depreciation is hidden by the rising costs of new. Some of that is in currency devaluation -you can get some very distorted numbers, if you are looking at American boats - or even parts for construction I guess.GBP-USD fell from 1,65 to 1,43 over the last 2 years, add in say USA 10pct price increase, and over here you are looking at about a net 25pct.
So if we see the mighty US dollar fall, we ll see alot more of that nasty depreciation as the newer boats get cheaper- well maybe less expensive ! Yes, the price of new distorts the depreciation, but just to point out why the cost of new is fluctuating.
Now, if we look at European boats, now priced in euros... no I dont think I want to get involved in that subject.....all enquiries should be addressed to your MP.

 

[martin]

Just caught up

Hi,

I agree with Ari/TCM on this.. I have had 4 boats now and never taken any depreciation. Two were brand new, one was a distressed sale/PX and the last was an PX + Restoration Project deal. I don't attribute this to any great strategy on my part, its just the way it happened.

However, I have learned this much.

1) Even though American boats get slagged off loads they seem to sell quickly..
2) After 2 years could only PX a Sealine for its "Market Value". IMHO this is common.
3) Value of current boat is only what ever you can sell it for on the market. Not PX value. Therefore...wont buy another sealine.
3) Buyers don't seem to be logical i.e. decisions not based on analysis of market! (try talking a friend out of buying a minger that he has fallen in love with) market may need better stats but fools fall in love everyday!

 

[Deleted User YDKXO]

Try a Fartes instead

I might just buy a Gobbi but I would baulk at a Fartes (Spanish boat manufacturer) especially if it had Sea-Doo PWC on the back
I read somewhere that some shmuck is going to try to import Fartes into the UK. I hope he's put some money by for a re-branding exercise

 

[Deleted User YDKXO]

I asked a boat salesman recently why new boats had gone up in price so much and he rather pompously explained to me that since grp resin was an oil based product priced in US dollars, the material costs of building hulls had gone through the roof. Ah, I said but you fit Volvo engines and other European components built in the Euro zone and of course Euro currencies have bombed against Sterling in the last 5 years so those things should be cheaper now. Apparently it doesnt work like that a bit like cars

 

[ArthurWood]

Re: Cor

wish I could type like you, Ari. But what were you on about? Slow day at t'office?

 

[ArthurWood]

Re: Hear, hear

"Somebody really ought to do some proper independent research on actual selling prices after discount or brokerage fees rather than list or asking prices."

 

[EME]

I have followed this thread with much interest. However I am getting a little confused. Under the same logic I (as a 1st time cash buyer) should be able to offer a significant saving on a Used stock or brokerage boat. Given that I am interested in a quuality UK boat (or a Cranchi) , the question is what is the going rate???