Do mobos depreciate all at the same rate or do some fall faster

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I voted for Fairline based on what I know of the market. I dont actually think the product is any better, but Peters controlled the brand very well. It is difficult to say what will happen now Peters have moved from FL to SL
 
Is it not relative. I have a sealine which the quality is good and I think it will hold its value well, but so will fairlines although they seem to demand higher prices to buy and so you would expect they will fetch more in the future.
 
A friend of mine ordered a Sunseeker Manhattan 50 in Jan 2004, took delivery in April 2005 and the current model price is about £100k more than he paid. He was recently offered £25k more than he paid by a buyer who wished to jump the waiting list. Not many boats can boast such negative depreciation.

/forums/images/graemlins/laugh.gif
 
The boat that depreciates faster is the boat that does not get looked after! and that applies to any make of vessel!
Look after it, and it will serve you well when it comes to the day you sell it! unlike a car!

Barry
 
V unusual for a Sunseeker flybridge boats as most drop in value like a stone. Fact is that the Man 50 with its innovative master cabin layout is a v attractive boat and is early in its production run so its bound to sell well used for 2-3 yrs until more come on to the market. When the other builders get their act together and produce competitive boats to the Man 50 (eg Princess 54), the Man 50 won't be so hot
 
I know some peeps like to have the newest, most-up-to-date model whether its boat, car or whatever and that they base this choice on factors other than practicality. But this has never bothered me and as a result, neither has depreciation. The best bit of boating advice, from a financial point-of-view, that I was ever given was 'never buy before its 10 years old, always sell before its 20' . I have more or less stuck to this and as a result, have never sold for less than I paid. Best ever was a 62% 'profit'. Appreciate it wouldn't suit everyone but its given me thousands of hours happy and reasonably priced boating over the years.
 
It's a fair point, but personally it seems to me that 10 years plus is where the big bills can start rumbling in...
 
I have just come back from a long weekend in Cannes, having walked around both marinas, I would not buy a boat from the med. If I had an option of a M50 from the UK or the Med (both inc VAT) I would go for the UK boat every time.

The boats in both Marinas whilst very nice where all tired and dirty, even the new models. It must be very difficult to keep your med based pride and joy ship shape, when only visiting once or twice a month.

When your boat is in the UK and you want to keep her ship shape you have lots more time to do this, the last thing I would have thought you would have wanted to do after a flight, car drive etc is spend half a day cleaning the boat?
 
Once or twice a month. I wish! You're right, Med boats are generally not looked after as well as UK boats. However, when it rains in the Med, the rain often leaves a red sandy deposit on boats so they tend to look unloved but its superficial only.
But it is more difficult to keep up with maintenance on Med boats unless you're willing to pay thru the nose for guardiennage @ typically €300 per month for a 40 footer and even then that only covers the occasional clean, checking lines, battery levels and starting engines and gennie. Any other jobs are extra. I'm sure most guardiennage companies dont even do the standard stuff on a regular basis and all they do is a quick wash just before the owner arrives. I believe most owners don't want to pay for guardiennage so maintenance tends to get left undone
The other problem is that Med boats also lie unused for long periods especially over winter which does'nt do the oily bits any good whatsoever
 
I think the poll tells it all,, 41-6 in favor of Fairline

The med boats do seam to age about twice as fast as a uk based boat, Friends 03 year boat, sat in Spain, does look a lot older, a good cut and polish will bring her back,but should not have to be done at under 3 year old !! and the Red sand does get everywhere,, He has had enough down there, and bringing her back in the next few months !
 
I think the poll shows, that given a choice, most went for Fairline. I agree as mentioned above, it's not so critical at this size range and a well looked after Sealine is far more desirable than a neglected anything. However, I think the poll needed a, 'don't know' or a 'not sure' cos I was! /forums/images/graemlins/confused.gif
 
Thats a fair point too, and clearly you have to buy carefully and at the right price. I've always had displacement or semi-displacement and the hulls have never been an issue. One boat I had to re-engine and because I did all the work myself (plus a little help from friends) I still managed to sell at a profit.
 
Cliff,

Although I believe over time Fairlines are a better bet, with the current Market I would go for a Sealine. Reason is they are cheaper and so a) if the market continues to slow and all boats lose 15% then you lose less and b) in a slow market people do not want to invest as much cash so a Sealine is more accesable.

Mind you I do not want to invest all cash in a boat and have an even bigger marine mortgage at the moment so I am biased towards a Sealine as it gives better value for less cash.

I know it will depreciate but if I buy right then Depreciation of £4k per year over 4 years should be OK???. On a similar Fairline at substantially higher cost I worked out Depreciation could be about £7k per year over 4 Years. Both figures are based on a Second hand 2/3 year old boat and have been calculated looking at several second hand boats and their relative prices.

IMHO of course,

Paul
 
There can be a lot of difference between asking prices and actual selling prices. On some makes moreso than others...
 
True,

but if you look at the time for sale then you get a better idea. ie. if a boat sells in first month then odds on it is closser to the asking price than a boat that is for sale for a year (without) price reduction. my experience has been that the longer a boat is on the market the cheaper it goes for.

Of course you can also spot the un-realistic sale price.....

Paul
 
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Of course you can also spot the un-realistic sale price.....



[/ QUOTE ]

Not always if all the owners of a particular marque are unrealistic, buoyed up by the prices the main dealer puts secondhand examples up for sale for, and then uses the huge extra margin to give very generous part exchange offers... /forums/images/graemlins/wink.gif
 
Yes, its not that straightforward. If you look at quoted depreciation rates for cars, then a Merc convertible will depreciate more slowly than a Volvo for example. Very arguably they will do the same job (if not give you quite the same smile). But the cash lost on the higher priced Merc will be a lot more than the cheaper Volvo, albeit the percentage of "full list" lost will be lower. It would be interesting to see some real examples - although my gut feel would be that if you buy a sealine and do not stick with a sealine, then it just may cost you more in depreciation in the longer run. But then the luck you have (or otherwise) will probably have far more to do with it... imho!
 
After getting some excellent advice from this forum about a month ago i opted to buy a Sealine S34 based in spain. I was also worried about the depreciation and being a bit of a numbers nerd looked at every price available on MTM to see how much they went down each year. Over 8 years (new to 1998) the average was 6-7%p.a. Not bad if you are getting a lot of fun. Sorry haven't done the calcs for the Fairline
 
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