new,used and depreciation

[gjgm]

Reading the posts on new vs used it seems that summary, as expected, is that new you can get exactly the boat you want, sort of when you want it, and used you may have to search alot and get close to the boat you want but save an undetermined amount of money. So omitting those for whom money is not a major part of the equation, how much do the rest of us save? I know there was an article a while ago about depreciation, and that,with the exception of FTSE and pensions, everything goes up in price each year, just how much does a boat depreciate?Yes, some are in demand etc , some are dogs...And lets not take that brochure price, and lets be honest about "trade -ins, meaning trade-ups,and lets not take those asking prices at the brokers. Lets take real prices of boats sold? Whats the depreciation after 1,3 and 5 years ? Who'll start me off !!

<hr width=100% size=1>

 

[DavidJ]

Firstly assume that you can knock 10% off the new price then I recon in the first year about 5% depreciation against listed secondhand price. Don't forget that a secondhand boat will have some toys.
David

<hr width=100% size=1>

 

[Deleted User YDKXO]

They always say you'll lose the VAT ie 15% on a new boat purchase in the first year. Personally, I think boats settle at about 70% of their new value after about 3 yrs and remain at that value if demand is steady. Other less popular boats continue to plunge in value of course
Buy a popular twin diesel model from a mainstream UK builder at 3yrs old and you'll get most if not all of your money back.
Secondhand values are supported by new boat prices. Whilst new boat prices continue to go up and demand for new boats continues, as the situation is at the moment, secondhand values remain steady

<hr width=100% size=1>

 

[Guest]

I don't understand the logic of second hand boat prices.

Surely as they get older, the engines are becoming older and require more maintainance and eventual replacement.

The boat must have a finite life, so how is it that older boats reach a depreciation plateau that is close to their original purchase price?

Will it all end in tears?

Geoff

<hr width=100% size=1>

 

[DavidJ]

I think demand and supply take over from the logic of actual boat wearoutability (???) Even in these resessionary times the demand appears to be stronger than ever.
David


<hr width=100% size=1>

 

[HowardB]

Diesel engines last pretty well in tyhe marine world. They only do about 100 to 150 hours a year on average, and many do less. They are warmed up gently in marina manoevering generally, and originate from lorry engines often where they are expected to do thousands of more gruelling hours per year (well the bigger ones anyway). As long as they are maintained they should last and last. My first boat was a 32 year old Freeman 23 with the old Ford side valve engine as seen in Ford Anglias etc. Never missed a beat, started first time. Only problem seems to be corrosion.
I was told....
Cars depreciate big time
Boats stay still after 3 years
Houses appreciate!
Seems to hold true so far.

Howard

<hr width=100% size=1>

 

[Deleted User YDKXO]

Yes, the engines get older but they get replaced after, say, 15-20 yrs and, with some basic maintenance and prompt attention to any osmosis problems, the hull goes on for ever. I dont think anyone knows the service life of a grp hull. There's plenty of boats from the '60's and '70's still going strong

<hr width=100% size=1>

 

[oldgit]

as a bit of a guide my 1982 P33 with 2 x volvo diesel on legs.
New price unknown
sold 1993 P/x with colvic 31 and 1.700 pounds.
sold 1995 30.000
sol 1996 36,000
sold 1998 32,500
sold 2002 to me /forums/images/icons/laugh.gif

<hr width=100% size=1>My little Princess/forums/images/icons/laugh.gifthe 33 of course.

 

[banus]

15% the first year and 10% a year after that is a sort of maximum. If you buy the best boat on the market (new) and keep it absolutely mint with low hours you should lose maximum those figures. Thats what my research has shown as a good guide. Practical experience in the last 2 years has been much better ie 10% the first year 5% after that. That is assuming a £50,000 sport boat sort of thing. A £1000,000 sunseeker maybe different

<hr width=100% size=1>