Galeon 530 - Dusseldorf - 4

Nautical

Nautical

Well-Known Member
Joined
24 Feb 2005
Messages
3,725
Location
Hamble - SoF
www.outerreefyachts.com
As requested some pics of the 530.

Heapo boat for the money and have to say very well screwed together, be hard pushed to say whether a Brit equivalent is actually any better quality wise. As Houghn said wood is a bit old fashioned but I think I am right in saying there are other options, I certainly saw lots of swatches of material and leather samples onboard.

Huge amount of space for size of boat and I really loved the central helm position, great view out and ergonomics were spot on.

Dusseldorf07220.jpg


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Second seating area next to helm
Dusseldorf07218.jpg


galley which is behind the helm and lots of work space
Dusseldorf07212.jpg


master full beam cabin, certainly bigger than anything else I've seen this size, my pic doesn't do justice as no wide angle. The headroom was greater than what I expected certainly better than any other I have been on.
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Forward Cabin which was about the size of some 50' master cabins again my pic doesn't do justice
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Third cabin which was reasonable size
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Fly bridge, that sunbed is massive, the biggest I have ever seen!
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Also consider that she has a crew cabin aft which is also the biggest in class, big enough for a double bed and shower/ toilet.

Overall very impressed indeed and again consider about £100K cheaper than nearest rival. Ok so some will only ever buy a boat with the right badge but have to say I was in the market for a flybridge I would need some serious persuading to part with a lot more spondulies for a boat with less accommodation.
 
Mmm, it may be cheaper than the Brit or Italian equivalent but the key question is always how much of the purchase price you're going to get back when you sell it. Buy a Sunseeker Manhattan 50 or Princess 54 today and sell it in 2-3 yrs and you'd get most if not all of your money back 'coz these are sought after boats but with the Galeon 530, who knows? It would be a braver man than me to buy one however good it is
 
Take your point, having said that I ve seen a couple of deals recently on new 50'+ that would make your heart stop, the retail opinion is they are selling at top dollar the reality is not quite the same.

I have a previous client who moved out of one of our sport cruisers into a 40 fly and was offered at SIBS a 50' fly with £60k discount and his money back on the 40', very little left in that deal.
 
Well thats only going to make it worse for the resale value of non mainstream boats like the Galeon because heavily discounted mainstream boats are going to come on to the used market at lower prices
 
Personally I see a slight shift in thinking on this (I would wouldn't I) but interesting to note that mainstream builders are now employing well known designers to put their name to some of their more expensive models as the cache of just the brand name isn't enough these days to convince everyone they are getting as much boat for their money as they should. There is some reverse psychology in buying from a smaller builder there are never dozens of the things for sale and if its a good un they tend to sell quickly cus the money is right against the mainstream stuff.

Currently if you are looking for a secondhand fairline (only as an example) between 40 - 60 feet there are over 800 for sale just on this site alone. With something like us (again just as an example) there are about seven Europe wide which has an impact on values. I can see about 30 Targa 40's along the SoF coast but only 1 Abs 41 and if I am right that is under offer so at the minute its new which is a six month wait or nothing.
 
Trev, you're a great salesman. A counter argument for everything and never miss an oppurtunity to big up the product. If ever you get fed up with selling boats, give me a call /forums/images/graemlins/smile.gif
 
Trev,

So basically we are back to Supply and demand. The higher the number made, the lower the resale as you can play one off against another as there is always another around the corner! With Niche Marks like yours, you are OK unless you ramp up production and sales numbers. I believe Cranchi did this with the Z34 for many years, only allowing 8 into the country which held up prices of used ones. Now, they can get 4 times that many, they are near the end of the run, lots around second hand and prices are dipping. I also believe the V40 and V42 had a similar situation for many years.

Cheers

Paul /forums/images/graemlins/laugh.gif
 
Mike,

There has been an 'as new' Galleon 280 (blue hull) for sale up in Yorkshire for over one year. The problem is the owners only expect to lose VAT +2% and in reality because of the reduced demand for the boat the real Value is to lose VAT and 10-15%. I do not think this is as obvious with the bigger vessels which seem more in demand because of their value perception. The new 530 may lose a few % more, but you would save that on capital repayment of a £100k over a few years. Only bad if you buy outright, but if you put the £100k savings in the bank you will cover extra depreciation (ish).

IMHO,

Cheers

Paul /forums/images/graemlins/laugh.gif
 
I don't agree with that. Say the G530 costs £100k less than say a Princess 54 and say you keep the boat 3 years. Put the £100k into a bank and you'd earn maybe £15k interest. Even if you borrowed that extra £100k, it's going to cost you £20-22k over 3 years in interest
When you come to sell, the Princess would have to depreciate £22k or less than the Galeon to be quids in on the Princess and on on £500-600k boat, that's not much. My guess is that the P54 will actually depreciate less than the Galeon by a much larger margin than that, making the Prinnie a better buy, all in IMHO
Btw this is a form of ManLogic. I use it a lot to justify expensive purchases to the SWMBO /forums/images/graemlins/smile.gif
 
[ QUOTE ]
ManLogic

[/ QUOTE ]

Have you trademarked that expression yet? /forums/images/graemlins/grin.gif /forums/images/graemlins/grin.gif
 
To be fair I saw it or something similar in a James May (Top Gear) article a while back in the Torygraph and it struck me that virtually all we forumites must have applied ManLogic at one time or another 'coz sure as hell, none of us would have fancy boats, cars, bikes or other toys if it was up to the SWMBO
If ManLogic had'nt worked on my SWMBO, I'd be driving a manure powered 2CV and have a rowing boat
 
Mike,

I love the term 'Manlogic'...sums it up nicely /forums/images/graemlins/grin.gif. But if the Princess loses VAT and another 2.5% (20%) over 3 years on a £650k boat that is £130k loss. You can lose a larger percentage on the Galleon say 24% and still only lose £132k as it is based on a lower base. Add to that the potential finance savings of £20k and you could lose 28% on the Galleon and still be quids in. The crux of the matter is what is the extra depreciation %age on the galleon...which unless you have a timemachine we do not know!

Is this sensible?

Cheers

Paul /forums/images/graemlins/laugh.gif
 
Not sure about the 530 - I recently was very impresed with the 440 fly and went to have a look at a real one - as opposed to one at the boat show which had never been put to use - and I was a little shocked - Basically after 3 months the following needed looking at on the new 440 fly,

1. Stainless railings very rusty in several places
2. Roof linings in several roooms fallen off and would not refix to ceiling
3. Front window leaking very badly
4. Fresh water toilet -stank worse than my sea toilet of 5 years
5. Knife tears in the fly seating and on the saloon seat where enthusiastic fitter had removed the plastic sheeting
6 2 ring diesel hob sunken by one inch and cannot get 2 pans in the hole
7. scratched patio door glass - which the Galeon fitter sanded out - leaving a misty match on the glass

Nice handling at sea though and not short on umph! but if you dare to use it it falls apart - so we have MFI vs IKEA really - a little cheaper but certainly not in the quality league (by this one example) of your Fairlines or Sealines - and for not a lot little when you are talking equivs - 330 for 440 fly - 332 for F40 or sealine 42??

Shame really cos I was very interestd in it at the show rooms until I saw a real one..

sorry - Ill be option for a Sealine in the end - also you are right at the moment resale value is Nowt! specially when trading in.
 
Make note in Long Range Planning..... March 2012, Buy 2007 Galleon 530. Estimated price £250,000....£150,000 cheaper than Princess 54. /forums/images/graemlins/cool.gif

Note 2. Get quotes for sorting dodgy interior which has fallen apart /forums/images/graemlins/grin.gif

Cheers

Paul /forums/images/graemlins/laugh.gif
 
thanks for the pictures as requested, as for quality i must be old fashioned as i prefer the mohogany wood with out the shiny gloss as when a child scratches it you can repair it with just a tin of mahogany wood stain, i have had a galeon for nearly two years now and have never had any problems with it apart from the damage done to it by the transport company that delivered it for me and of course the odd problem with the volvo units which seems rather unusual as i have seen other people who have bought new boats and have ended up with snag lists, and i am thinking of upgrading to a larger one which i would not be doing if i thought the quality was not good. also you do get more boat for your money which means i can afford to get a larger boat with there range than i could with say princess or fairline. dont forget a lot of products today maybe marketed as british but ask yourself were are the majority of the components made i can guarantee they will be made in a country where the labour costs are cheaper,this is were galeon win for me i am saving on the labour costs as the polish workers only earn a quarter of what we would have to pay a british worker to make the same thing.
 
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