My boat has increased in value

[pelicanpete]

Am I right to assume that my really economical single Yanmar engined Nimbus 310 will rise in value in the new year? Anyone not wanting a diesel-guzzler but who enjoys reasonably brisk and comfortable motor boating will surely pay a premium for these and similar boats. /forums/images/graemlins/smile.gif

 

[jcmmarine]

Doubt any change whatsoever in the £50k plus market. People buy the boats they can afford and afford to run. What is the cost of fuel increase compared with boat prices and mooring fees, particularly in the solent.
Where it will affect is the people who really boat on a budget because they love it, boat worth less than £10K, and often less than £5k, and they have to seriously consider each weekend if they can afford to take the boat out.

 

[DAKA]

Nimbus owners have always been a breed apart.

By thier very nature of buying a Nimbus before ( not long since diesel was 25p) they precieved fuel costs as important, once diesel is 4 x cost they will no doubt stop boating.


The only winners are the single engined Petrol boats, you only need look 100 mn south to see small petrol boats are the most popular, never seen a Nimbus in france , sorry !

 

[oldgit]

"worth less than £10K, and often less than £5k,"
Heard this one before,did not bother to reply that time but.
Most of this stuff will be smallish displacement craft used exclusively on rivers and esturies for odd days out and fishing trips,no high speed gas guzzling long distance here then.
Will all be 99% powered by old oil burners Perkins/Ford/BMC,which sip fuel while chugging along at a heady 5 knots.
The cost of a day out will double from 5 to 10 quid.It will not be a suprise to some to know a score of rag worm will cost you nearly 4 pounds,need 4 score? for decent day out ,the bait will still cost you more than the fuel.
On my trip out yesterday the river was full of smaller older stuff doing a bit of fishing as opposed to the single rather nice Princess V48 looking rather lonely in Stangate creek.
Any of the bigger stuff with the 300hp engines such as the Lochins etc are going to cost way over 10K to buy.

 

[drewstwos]

Old Git
You certainly got that right,,We go out as often as possible for a days fishing,,, fuel.... 1 GPH..... £2 at the moment... so even if £4 and we all chip in, its still a good day out. Last season we did a tad over 60 hours. Not exactly going to break the bank. Fortunately I neither smoke nor imbibe otherwise things might be a bit different... LOL...
OK so we do tear along at that heady 6 kts... so what. I can't see us all giving up boating.

Drew.

 

[sailorman]

Poll results?????????????

 

[whisper]

Results unavailable til poll finishes on Dec 12th.

 

[jcmmarine]

My boat is worth a bit more than £10k but it is 30 years old with two none-tubo Fords. I run at displacement speed but do a fair amount of cruising cross channel and inland Europe (avoiding expensive moorings). This year so far I have spent £674 on fuel, I have inexpensive moorings and do all my own servicing. This is the only way I can afford to run a boat and enjoy my hobby. Doubling the fuel cost will increase my annual boat running expenses by 35%.
What percentage increase in costs will it be for your Princess V8 who's mooring fees and annual service is probably well over £10K. I doubt more than 10%.
Which sector of the market is going to be affected more, One looking at a boat who's running costs will be 35% more next year, or one who's running costs will be only 10% more next year? And which sector of the boat owning comunity will no longer be able to afford to run their boat and flooding the market?

 

[DAKA]

Good Result Pete.

28% of people are happy to pay you more for your boat /forums/images/graemlins/cool.gif

What happens if they are all Nimbus owners ?