Buying new boat while gas prices are low

[Greatlakesboater]

I feel like gas prices are gonna be low for a while. Considering buying a new boat, don't know if it's good to base my purchasing decision on this. Any thoughts?

 

[gordmac]

Gas price? Do you mean petrol or lpg?

 

[prv]

You probably want this thread over on the motorboat forum :

http://www.ybw.com/forums/showthrea...prices-change-how-you-use-your-boat-next-year

Except for small open speedboats (and anything with an outboard), we mostly use diesel rather than "gas" on this side of the pond.

Pete

 

[macd]

Welcome Greatlakesboater. It's not always a case of two nations divided by a common tongue, but you picked one to start...

 

[vyv_cox]

I heard an expert on BBC news yesterday predicting that prices will rise again by the end of next year. When I worked in Aberdeen the price went briefly to less than $10 per barrel. Glad I didn't buy a thirsty mobo then.

 

[William_H]

I took this question to be related to crude oil cost and the cost of resin for GRP. Resin being made from crude oil I understand. Hence cost of resin and so boats went up hugely with the cost of crude years back. I would think the cost of a GRP boat hull will not fall if at all for some time. So just check prices of the boat itself.
Generally for most the cost of fuel is a very small part of sail boat costs and even for a mobo on petrol ultimately only a part of total costs. Although very much related to driect costs of doing miles (ol;d or new boat) compared to cost of ownership. (fixed costs). So ultimately no the price of crude would not affect most peoples decision to buy a new boat. olewill

 

[alan_d]

Given that the OP's username is greatlakesboater I would guess that he is American or Canadian and that gas is an abbreviation for gasoline.

 

[macd]

Given that the OP's username is greatlakesboater I would guess that he is American or Canadian and that gas is an abbreviation for gasoline.

Think we all twigged that, thanks.

 

[Graham_Wright]

Given that the OP's username is greatlakesboater I would guess that he is American or Canadian and that gas is an abbreviation for gasoline.

…………………What do they call gas?

 

[sailorman]

This thread is going pants

 

[Skylark]

Monitoring crude oil or gas commodity pricing and basing a buying decision thereupon suggests some form of intelligence, logic and rationale. There is no intelligence, logic or rationale in buying a new boat. The only qualification is to be completely mad.

I bought a new boat, yes, I was completely mad, in August 2013. Recreational boating is still in recession, imho, so the buyer has a fair amount of leverage. I negotiated over a few months and was satisfied with the deal. The money pit never stops, though.

 

[AliM]

You are on the wrong forum. Most people on this one are British or European, (and therefore use the word gas to mean butane/propane etc) and have sailing boats rather than motor boats.

So the price of gas (diesel or petrol in English English) is a rather small consideration when they are intending to use the wind as the motive power. In the UK and Europe, the taxes on diesel/petrol are a larger proportion of the price than they are in the US, so a drop in price is not quite so significant.

If I was thinking of buying a motor boat, then the fuel price drop may have a small effect on my decision, but buying a sailing boat, it would be the least of my worries

I must admit that when I first read your question, I did not notice that you were American, so wondered why the price of butane would make any difference to my boat-buying plans, or perhaps you thought the cost of GRP would be likely to fall with the oil price!