Buying a boat in Euroland

Z

z1ppy

Well-Known Member
Joined
9 Mar 2008
Messages
2,775
Location
New Forest
Visit site
Looking to get back on the boating ladder and the ones we are looking for are mostly selling in Euros...

No issue travelling to see but any suggestions on where and how to buy Euros to pay? Will be looking at an amount +£50K and Sub £100K.

thanks in advance.
 
z1ppy said:
any suggestions on where and how to buy Euros to pay?
Click to expand...
In your boots, I wouldn't even bother.
It's not anymore a 100% buyers' market out there, as it has been for several years, but cash is still king regardless of the currency.
No EUR seller would reject an acceptable offer just because you make it in GBP, leaving him/her the conversion hassle.
 
Have a euro account.

I used transferwise in smallish chunks. I sold a property in Spain, 180k euros, the difference between using my high street bank and transferwise was about £7k!!
 
I use Currency Fair to transfer both ways - you can choose to make a quick trade or request a specific rate in the Market Place. If you are buying Euros you don't need a Euro account, simply transfer the money on the platform and then you can send it directly to the vendor's account when you are ready. I've saved a fortune over the years even compared to people like Money Corp. I f you use this link and make a trade you also get 40 Euros for free :-) https://www.currencyfair.com/?channel=RKLVO1
 
z1ppy said:
Thanks all.

Will get looking at these two options. not sure the £££ offer would work here but worth considering.
Click to expand...

BTW - I can't keep up with your boat buying and selling, there was the Cougar rib, then the Hunton, then I thought something else? But then I thought you were looking for Hardy/Cockwells semi D type thing? you are to boats what Imelda Marcos is to shoes.
 
burgundyben said:
BTW - I can't keep up with your boat buying and selling, there was the Cougar rib, then the Hunton, then I thought something else? But then I thought you were looking for Hardy/Cockwells semi D type thing? you are to boats what Imelda Marcos is to shoes.
Click to expand...

HAHAHA.

last boat was a Scorpion rib and we sold that back in 2016 (i think)... time travels fast for sure! lets not start on our boating history looking forward is the only way when it comes to boats!

looked at some sailing boats, some displacement boats then took a lifestyle change which means we now live in Hythe marina and our boating requirements have changed again..

life is never straight forward but as recent terribly sad news here has shown, its no rehearsal and we need to enjoy the time we do have! thats my view and im sticking with it!
 
z1ppy said:
Looking to get back on the boating ladder and the ones we are looking for are mostly selling in Euros...

No issue travelling to see but any suggestions on where and how to buy Euros to pay? Will be looking at an amount +£50K and Sub £100K.

thanks in advance.
Click to expand...

I bought my boat at the height of the financial crisis is Spain. I paid for it in Euro notes with a suitable discount for doing so. I actually got them from travalex at the airport, which, surprisingly, when booked in advance was the best rate I could get.
Finding out at heathrow at 7am that my debit card has a £30k daily limit is another story but that was overcome just in time to get on the plane :)
 
I bought a boat in France and when I returned to the UK I brought it back with me.
Then I found that I could not sell it as it was a make which had never been imported and sold in the UK consequently over here it was an unknown make and I really struggled to sell it (and I have sold over 1000 cars)
So if you are buying overseas and want to bring it back make sure it is a make sold over here.
 
Thanks for your comments.

This is a boat that is selling in the uk currently and with a number of dealers here as well (including one of the bigger ones. The set up we want is more suited to the med but then for the cost of asphalt a holiday we can get it back down to the med to sell where they are currently very popular.

Few matters to sort with regard to viewing and contract / bill of sale but I am the school of keeping it simple. The broker has been very responsive and helpful so far...

Today’s job is sort currency and book a flight
 
I cannot compliment this company enough, try Revolut, They are an app based bank, probably the best way to describe it. I am paid in Euros as I work abroad, i use Revolut to exchange my salary into GBP and I get the Interbank rate, in fact i did a transfer the other day and actually got a fiver more than Xe.com said i should!

There is as always one slight catch perhaps for buying a boat through them... theres a £7.99 a month fee and you're tied into 12 months but when you think about it thats £100, transferring a large sum of money through the likes of Currencyonline (who i used to use for salary) I did one transfer and because of the differences in exchange rates between currencyonline and revolut i made the 100 quid back in that exchange. I know this sounds like an advert but Its worth at least reading up on them!
 
thejonesey said:
My only advice is to pay the money and fly a U.K. surveyor over. PM me if you want to know why but let’s just say I think U.K. sir yours might be more thorough.
Click to expand...

Med country surveyors are little more pragmatic and in my view sensible than UK surveyors on a UK based boat for a UK based person .
You can find U.K. - EN qualified that work abroad too save flying one out .
Would you mind elaborating on what the foreign surveyor allegedly missed / failed to pick up on when you bought the Jeanneau ,that your buyers U.K. surveyor highlighted .
 
I used a Dutch certified surveyor who gave the boat a clean bill of health - Survey by my purchaser discovered damage caused by probably grounding that had been badly repaired and other damage. I had it completely redone at a cost of £15k when I found out. Dutch surveyor would argue that the boat was fine at the time of survey but I don’t remember me grounding her or getting her fixed... badly!
At least she is now pristine and perfect for her new owner.
 
You must log in or register to reply here.

Share this page

Top