First boat purchase. Am I making the right decision.

[BlueSkies]

I am on the brink of buying my first sea going boat, a Trader 41+2. Been looking for suitable vessel for almost five years and think that is more than enough time to find a boat that SWMBO and myself are happy with. Plan to use the boat extensively over the next few years around the south coast and probably the French coast. However, do all of you experienced sailors out there think that used boat prices will dramatically drop with the impending hike in red diesel cost? Or should I miss out on the joys of boat ownership for another year while waiting to see what happens? /forums/images/graemlins/confused.gif

 

[emcm0025]

Hi there,

just thought would say that the price of red has more than doubled in the past 3 years. All of which diesel boats have depreciated at the same rate no large drops, this year has seen in my view more of a price drop but thats more down to weather than the cost of red or loss of red. If prices double then I think boats will still be selling for same amount but how people use them is what will change more.

If you wait a year yes prices may drop more and you could pick up a bargin or they may stay the same and the boat you really wanted has been bought and sold in the time that you held of. It's all about chances but if we all didnt want to lose money we would only really be buying houses.

good luck on what you decide

Ewan

and welcome to the forum

 

[Gludy]

Welcome to the forum.

IMHO I think that prices of power boats will drop even more than this year.

This year has seen a large volume of boats sticking and not sold, next year when you actually have to pay over £5 per gallon the change will be even more significant. I know people who are getting out iof power boating directly because of the red issue and those numbers will increase.

I was recently offered a similiar boat to the one you are about to purchase which was on the market at a fairly standard asking price at some 40% off the asking price and the boat was in good shape. The fact is the number of boats being sold, demand, is reducing and so prices will drop further.

You can PM me if you want details of the boat in question.

The boats that are not going to change in price are the petrol boats whcih tend to be the smaller day boats.

Add to the fuel price hike the much higher interest rates and I beleive that the market will be well down next year. Marine mortgages have risen by almost 40% in some cases over a very short period so further reducing demand.

 

[Kawasaki]

Welcome Blue.
I think Rink has made some good points and sense.
In My experience over the past 25 years buying Mobos, as long as One purchases a "Known brand" the Capital doesn't fritter too quickly.
A 42 ft boat will erode savings quite rapidly whatever make!
Ref Traders, there has been much discussion and debate on here about them of late.
Also a recent atricle in MBM or MBY recently ref the 42.
A 42ft boat is a serious amount of money.
Let's say £150,000 's worth.
Min.
So if We chuck that amount at a Pleasure Vehicle, say a Car.
Bently or summat or a light aircraft.
The Bently or summat similar will loose loads of Capital value anyway.
The Debate about Red has gone on, on here too.
What I am trying to say!
Get there in a bit.
Fuel cost is a consideration obviously but not the be all and end all of Moboing.
I think it will be a temporary stutter.
"Search" the Forum for Trader comments.
It will be interesting.
Cheers
k

 

[Dave99]

i dont think it will affect the price of boats that much - diesel remains safer than petrol and you can still go to guernsey or cherbourg and fill up cheaply

 

[Major Catastrophe]

[ QUOTE ]
i dont think it will affect the price of boats that much - diesel remains safer than petrol and you can still go to guernsey or cherbourg and fill up cheaply

[/ QUOTE ]

Ah yes. I forget that no one, except on the south coast, owns a boat.

 

[andyball]

yep, s'all trailerboats & dodgy Traders up your way, not much call for diesel at all.

 

[Kawasaki]

Yes, the safety aspect is important.
You maybe ,can go from Pompie to Guernsey for a Top Up.
Bit of a None Starter from Anglesey!

 

[blueglass]

so will white Cherbourg diesel be cheaper than our future white do you think?

 

[BlueSkies]

Thanks for taking an interest.
Have Emailed you with some details. Not sure what PM is!