Jeanneau Prestige 50s

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simonjames

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Sorry about this yet another question about another motor boat. Re earlier posts Sportscruiser v flybridge or Sunsseker v Princess. After another weekend looking at boats we were almost decided on a targa 52, then whilst looking round we saw a Prestige 50s. This boat was a 2008 model very well spec'd for the med and coming in almost on budget. I just wondered if any one on here knew any info on these boats ie depreciation problems etc . As I said in earlier posts we have had several Jeanneau yachts and found them to be good all round boats and pretty good value for money. However not knowing much about Jeanneau mobos do they suffer brand snobbery, or are the fairlines, Princesses much better built,. Therefore affecting re-sale values. Thanks once again in anticipation.
 
Fist big Jeanneau mobo in the modern era. I like them but then I like odd ball boats so take from that what you will.

Rare in the UK - less than 5 I would guess. Plenty in the med - France and Spain is their home market. Finish is a bit more utilitarian than the fairlibe/princess but not significantly so. No real difference in build it finishes compared to the smaller prestige of the time, 34, 38, 42 - same thing just bigger.

Cost less to buy, so cost less now. A lot if the depreciation is done on a 2008 boat. I think they look like good value now but some people still ask looney money for them so don't be afraid to negotiate hard regardless of how close to your budget it is. Offered in 2 or 3 cabin versions. 2 cab sold more new but I prefer the 3 cab.

It's a lot of recent boat for the money - £200kshoukd buy you a nice one. There is a 2007 in France asking £160k so that's a 7 year old 50ft modern sports cruiser for under £150k I shoukd think. At that money depreciation is never going to be a massive issue. Bargain if you ask me
 
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If the hull is cored below the w/line make sure to have a survey by a surveyor who will sign off on the integrity of the adhesion of the core, rather than disclaim it
 
simonjames said:
do they suffer brand snobbery, or are the fairlines, Princesses much better built,. Therefore affecting re-sale values.
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They certainly do...but the boat will sell as well as any other if it is a good one. JFM is right, the hull will need a thorough check but the hulls stack up well versus yank manufacturers employing similar techniques and Jeanneau have very good QA on their boats...

They sit a tier lower than fairsuncess in terms of quality of fit out but they are as the post above says far more utilitarian.

If you want a big boat with the depreciation curve levelling out and don't fancy a gin palace then you might do well to have a closer look...I have the replacement model and remain pragmatically very happy with the brand.
 
There's a couple of ways of looking at this. Yes, a 2008 Prestige 50 will certainly have done some of its depreciation but it has by no means finished depreciating. In fact I wonder just how much depreciating the Prestige 50 has done given that in 2008, the recession had already hit and no doubt it was sold with a big discount on an already competitive price. It would be interesting to know what the new price of a Prestige 50 in 2008 was?
All things being equal an older boat is going to depreciate less in the next few years than a younger one so you could argue that an older Targa 52 is going to depreciate less over say 5yrs than a newer Prestige 50. Then you've got to factor in that the Targa 52 is going to be a more desirable boat on the secondhand market in a few years time so I would definitely say that the Prestige 50 is going to depreciate more despite its lower price. On the other hand of course, the Prestige 50 is newer and should in theory cost you less in repair and maintenance costs plus of course you have the feel good factor of having a newer boat
The 2008 Prestige 50 looks like a nice boat if I'm looking at the right ad but IMHO you would need to buy that boat at considerably less than asking price to mitigate the continuing depreciation. I have to say though that very much IMHO, the Targa 52 is the nicer boat even if you have to buy an older one
 
Deleted User said:
There's a couple of ways of looking at this. Yes, a 2008 Prestige 50 will certainly have done some of its depreciation but it has by no means finished depreciating. In fact I wonder just how much depreciating the Prestige 50 has done given that in 2008, the recession had already hit and no doubt it was sold with a big discount on an already competitive price. It would be interesting to know what the new price of a Prestige 50 in 2008 was?
All things being equal an older boat is going to depreciate less in the next few years than a younger one so you could argue that an older Targa 52 is going to depreciate less over say 5yrs than a newer Prestige 50. Then you've got to factor in that the Targa 52 is going to be a more desirable boat on the secondhand market in a few years time so I would definitely say that the Prestige 50 is going to depreciate more despite its lower price. On the other hand of course, the Prestige 50 is newer and should in theory cost you less in repair and maintenance costs plus of course you have the feel good factor of having a newer boat
The 2008 Prestige 50 looks like a nice boat if I'm looking at the right ad but IMHO you would need to buy that boat at considerably less than asking price to mitigate the continuing depreciation. I have to say though that very much IMHO, the Targa 52 is the nicer boat even if you have to buy an older one
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Would agree with Mike that the price on the 50s needs working on, (using the same assumptions). The boat will depreciated at around 10k per year at 7 years old, (5% pa reckoning), so against a boat that has a vintage of 2005 or earlier it will be less appealing from this point of view.

OP, the boats that you are looking at are very different in terms of finish and style, (if not designation), have you not had a eureka moment? If not then maybe you have not see the 'right' boat yet...?
 
The Prestige 50 boats seem to stay for sale for a long time.

Is that some measure of their popularity or that they are over priced?
 
Garold said:
The Prestige 50 boats seem to stay for sale for a long time.

Is that some measure of their popularity or that they are over priced?
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I don't think that they are great boats for the UK, all that space in the saloon fitted to day boat spec is not right for the UK. Then again the downstairs saloon doesn't work well in the med...so what you are left with is a 50' day boat and there is not a huge market for that.
Then consider that while this boat was in production UK distribution was poor....prestige had a fragmented dealership with none of the dealers being anywhere near as aggressive as PMY/EBY/Ancasta with their part exchanges.

Then add to that that the boats I can see out there are priced well versus their 'brochure' price, then that might answer in some way why they stick.

A couple of 100k for a turn key sports cruiser at 5/6 years old is a tempting proposition but poor market penetration and tempting Cost to change offers from the afore mentioned are still a big consideration, even for a two owner boat.

But as Whightighter says, they could be a tempting oddball wild card for the right buyer....
 
Nigelpickin said:
Would agree with Mike that the price on the 50s needs working on, (using the same assumptions). The boat will depreciated at around 10k per year at 7 years old, (5% pa reckoning), so against a boat that has a vintage of 2005 or earlier it will be less appealing from this point of view.

OP, the boats that you are looking at are very different in terms of finish and style, (if not designation), have you not had a eureka moment? If not then maybe you have not see the 'right' boat yet...?[/QUOTE

I think your probably right, I had my eureka moment on the Prestige and really felt comfortable on it. Just not that one as I personally think it's a little overpriced especially as there's one advertised with a price reduction to 199 euros. The only thing I didn't like was the rear canopy canvas shape, but looking at it I've seen others with a more aesthetically pleasing look to me. I really loved the style and interior of that boat especially the rear cabin. Like I said I'm totally new to motor boating and am a little out of my depth ( hence the torrent of questions). If it was a yacht as I've done it for 15 years I know what I want and what works for us. However a motorboat is an entirely different thing and I don't want to make a terrible mistake. But as I said earlier if heart ruled head it would be the prestige.
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When you know, you know....

Agree re the aft closing but you will not be using the canvass much in the med I think?

Might be worth letting the broker know your top limit re price and let him mull it over, it would give him something to think about..
If it's the one at 240k with part exchange considered then there will be plenty of scope for negotiation I am sure :)
 
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