Boat value

[lustyd]

Having done some upgrades and maintenance recently it’s got me thinking about boat value. I reckon to get my boat in “new” condition it would cost the same as a new boat overall. Then I got thinking that brand new boats often need a year of sailing to get the niggles out. With this in mind would a 12 month old boat be worth more than a new one? Or would a year or wear equal or beat that additional value? Obviously the value will reduce from there but surely peak value is not on the day of commissioning but once the boat is fully sorted?

 

[Sticky Fingers]

Having done some upgrades and maintenance recently it’s got me thinking about boat value. I reckon to get my boat in “new” condition it would cost the same as a new boat overall. Then I got thinking that brand new boats often need a year of sailing to get the niggles out. With this in mind would a 12 month old boat be worth more than a new one? Or would a year or wear equal or beat that additional value? Obviously the value will reduce from there but surely peak value is not on the day of commissioning but once the boat is fully sorted?

Can't answer for all but I bought a new 40' (motor) boat last year and it's now apparently worth 10% more than I paid (brokerage valuation from the same dealer). More likely to be a consequence of shortage of supply and long lead times for new, than any intrinsic uplift in the boat's value.

 

[lustyd]

Blimey I wasn’t expecting there to be an example of real increases! That’s very interesting to hear

 

[biscuit]

Wow! 10% increase per year, compounded, its better than Bitcoin ! Who'd have thought it?

 

[Sticky Fingers]

Wow! 10% increase per year, compounded, its better than Bitcoin ! Who'd have thought it?

I’m not exactly expecting it to be repeated next year!

 

[Sticky Fingers]

Blimey I wasn’t expecting there to be an example of real increases! That’s very interesting to hear

It’s only real if I sell the boat at the price suggested.... ?

 

[westernman]

It’s only real if I sell the boat at the price suggested.... ?

And you don' t have to pay the broker!

 

[pvb]

Then I got thinking that brand new boats often need a year of sailing to get the niggles out. With this in mind would a 12 month old boat be worth more than a new one? Or would a year or wear equal or beat that additional value? Obviously the value will reduce from there but surely peak value is not on the day of commissioning but once the boat is fully sorted?

New boats from the major manufacturers are pretty well 100% correct on delivery. That's because they use CNC machines to produce the boats with millimetric accuracy. Smaller boatbuilders won't have the same advantages, so "snagging" will be much more common.

 

[lustyd]

CNC doesn’t do the wiring or running rigging! I spoke to a chap with a new boat this weekend, he needed to borrow a tool to fix his new boat ?

 

[Sticky Fingers]

CNC doesn’t do the wiring or running rigging! I spoke to a chap with a new boat this weekend, he needed to borrow a tool to fix his new boat ?

True. All the non-cosmetic snagging on my last two boats both bought new, has been rig, deck fittings and oily bits. Volvo unsurprisingly.

 

[lustyd]

on my last two boats both bought new

Stop, I was already jealous enough ? I feel like confidence that the boat won't go wrong probably lasts between maybe three months old to two years. After fixing everything but before significant wear. Mine is new enough that it probably won't break but old enough that I'm suspicious of some worn items. That said I'm hoping to wear a lot of them out this year in the bright sun filled freedom of post lockdown life! Wifi is fitted and my boss knows where to find me (on AIS!!)

 

[pvb]

CNC doesn’t do the wiring or running rigging! I spoke to a chap with a new boat this weekend, he needed to borrow a tool to fix his new boat ?

What make of boat?

 

[ip485]

I have a new law, whether brand new or not, as a yacht gets more complicated, the chances of everything working at the same time becomes increasingly small.

Mine is relatively complicared. I mention only as relevant, I have vac. loos, and a/c, and a water maker, Genset and a long list of other gizmos, and for the first time ever I can say there wasnt a snag item, only because the snag item the previous week had a surprsingly simple solution. Of course there will be at least one by next week.

 

[Concerto]

I can remember a big snag when my parents bought a new Dehler, which we were collecting from Holland. A new yard employee decided to use the water hose to fill the diesel tank. Thank god it was not the other way round. No matter how good a boat has been built, you will always find an idiot somewhere to cause additional problems due to human error.

 

[Laminar Flow]

New boats from the major manufacturers are pretty well 100% correct on delivery. That's because they use CNC machines to produce the boats with millimetric accuracy. Smaller boatbuilders won't have the same advantages, so "snagging" will be much more common.

That is not true. A friend of mine helped deliver yard-new boats (major yards) from France to the Carribean. He did this 8 times. Twice they had to return the boat to La Rochelle because of serious problems.

 

[Skylark]

I believe that it’s been proven many times over that there is no logic to boat buying. ?

I bought new for the simple reason that I wanted to. Unused by anyone else. Priceless. ?

 

[neilf39]

Boat prices have been going up recently through demand. I have spent a fortune over the years on doing my boat up (eg new sails, new engine, new instruments etc). She is not worth any more than I paid for her but much easier to sell. Insurance company won't insure her for more than I paid for her plus 10%.

 

[Frogmogman]

the chances of everything working at the same time becomes increasingly small.

Sounds like a Range Rover

 

[geem]

New boats from the major manufacturers are pretty well 100% correct on delivery. That's because they use CNC machines to produce the boats with millimetric accuracy. Smaller boatbuilders won't have the same advantages, so "snagging" will be much more common.

Nonsense. Watch the Utube blog of the couple with a large Bavaria who suggest not going too far for the first year of ownership due to the amount of work needed to fix problems!

 

[Frogmogman]

I believe that it’s been proven many times over that there is no logic to boat buying. ?

I bought new for the simple reason that I wanted to. Unused by anyone else. Priceless. ?

Not forgetting, that if nobody buys new, there are no year-old second-hand boats.