Pyrenean Mountain Dog
New Member
Dear All
It had always been a dream of mine to own a Ferrari - After much hard work and saving, I finally managed to buy one. I've had the car a while now and it's actually gone up in value, which of course is a good thing and while I still love it, I'm now keen to move on to my ultimate dream, which is to own my own motor boat.
I can sell the car and I also have some additional savings which will enable me to spend somewhere between £250 - £400k, the questions are these:
Do I go for an older, well cared for larger boat, or a smaller newer one? I've seen that you can get an older 64ft boat at the top end of my budget, or a newer say 45-50ft example but I don't know which way to go.
Is it a lot more difficult to navigate a larger vessel?
And at what size does mooring become difficult?
Aside from the obvious, that being of course that an older, larger boat will be more dated and worn, what are the other disadvantages?
Also, does it really cost a lot more to run a 64ft boat over say a 50ft boat?
I hear people say allow 10% per annum running costs - Is that just based on cost new, or does the same carry across to the cost of a used boat - Of course, a new boat may cost £1 million, whereas a used one may be less than half that..... So I don't know exactly what to expect.
So in short, what I really want to know, is if you had a budget of £250 - £400k would you:
Spend lower end on a good, older, well cared for smaller boat?
Spend towards the top of your budget on a newer, lower miles, more reliable, but still smaller modern boat?
Or, would you spend it all and go as large a boat as possible, even if that means looking at something 10+ years old?
Any advice that anyone can give, to help point me in the right direction would be greatly appreciated.
Many thanks
Allister
It had always been a dream of mine to own a Ferrari - After much hard work and saving, I finally managed to buy one. I've had the car a while now and it's actually gone up in value, which of course is a good thing and while I still love it, I'm now keen to move on to my ultimate dream, which is to own my own motor boat.
I can sell the car and I also have some additional savings which will enable me to spend somewhere between £250 - £400k, the questions are these:
Do I go for an older, well cared for larger boat, or a smaller newer one? I've seen that you can get an older 64ft boat at the top end of my budget, or a newer say 45-50ft example but I don't know which way to go.
Is it a lot more difficult to navigate a larger vessel?
And at what size does mooring become difficult?
Aside from the obvious, that being of course that an older, larger boat will be more dated and worn, what are the other disadvantages?
Also, does it really cost a lot more to run a 64ft boat over say a 50ft boat?
I hear people say allow 10% per annum running costs - Is that just based on cost new, or does the same carry across to the cost of a used boat - Of course, a new boat may cost £1 million, whereas a used one may be less than half that..... So I don't know exactly what to expect.
So in short, what I really want to know, is if you had a budget of £250 - £400k would you:
Spend lower end on a good, older, well cared for smaller boat?
Spend towards the top of your budget on a newer, lower miles, more reliable, but still smaller modern boat?
Or, would you spend it all and go as large a boat as possible, even if that means looking at something 10+ years old?
Any advice that anyone can give, to help point me in the right direction would be greatly appreciated.
Many thanks
Allister
