Newer Yachts cheaper than old ?

[Danny_Labrador]

I keep a fairly close watch on second hand yacht prices in the 35 to 45 foot range.

It seems to me that recently I have been seeing newer versions - of the same marque and size - cheaper than older versions ?

Is it an aberration of mine or is it true ?

Take the above for instance. 2007 @ £110,000 (Beneteau Oceanis 40). I am sure I have seen older versions for more money ?

Might just be me?

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[uxb]

Maybe an acceleration of the decline of build quality reflecting in the price?

I'd never buy a new yacht of the AWB type now - the build quality is very poor.

Shame I can't afford a new yacht of decent quality.

Not that I'd spend the money on buying one as I could retire and sail the boat I own on what it would cost...

 

[Judders]

Some selllers are more motivated than others whilst others are merely deluded.

I once asked a broker why the two boats of the same design of similiar spec were for sale in the same yard with one at 50% more than the other, he said simply, the owner of boat B wants to sell it.

 

[jwilson]

Maybe an acceleration of the decline of build quality reflecting in the price?

I'd never buy a new yacht of the AWB type now - the build quality is very poor.

Shame I can't afford a new yacht of decent quality.

Not that I'd spend the money on buying one as I could retire and sail the boat I own on what it would cost...

The new AWB boat market is so price-sensitive that all the builders are working at making production cheaper, not always (in fact frequently not) maintaining useful features. One of the big changes is hull-deck-transom joint detailing, lots now have no alloy toerail and no rubber "bumper" on the transom edge. Inevitably this will get wear on the GRP from warps and fender lines. Internal furniture gets "squarer" (they say it looks modern), in fact it's just cheaper to make, as well as sharper to bump into.

Whilst this distorts the age/price ratio you will still usually pay more for a more modern boat of the same size/builder.

It's not just AWB builders doing this - HR appear to have subtly cut costs, though the boats are still very nice indeed.

 

[sailor211]

Take the new price, add the nav eq, warps, instrumentation, etc see what the price paid is
Last serious look I had there were 3 pages of extra bits I wanted 2 pages worth, including uv strip on genny

 

[Bloater]

You can add 60% to the 'list price' of an AWB in order to get to a minimum usable spec. The manufacturers do everything they can to achieve a low list price. For this reason the price of a new boat is meaningless unless you know exactly what is included and have the full options price list at hand so you can compare like for like.

 

[Danny_Labrador]

You can add 60% to the 'list price' of an AWB in order to get to a minimum usable spec. The manufacturers do everything they can to achieve a low list price. For this reason the price of a new boat is meaningless unless you know exactly what is included and have the full options price list at hand so you can compare like for like.

See OP - I am really comparing used newer with used older your comments are true but surely not pertinent in this case ?

 

[jonic]

Internal furniture gets "squarer" (they say it looks modern), in fact it's just cheaper to make, as well as sharper to bump into.
.

+1

 

[Simondjuk]

Nice neat boat, Danny L. You and your broker really should pay more attention and make sure the sail cover is neatly fastened before taking pics though.

I mean, it is your boat you've managed to sneak in a link to the ad for, isn't it?

 

[Tranona]

I keep a fairly close watch on second hand yacht prices in the 35 to 45 foot range.

It seems to me that recently I have been seeing newer versions - of the same marque and size - cheaper than older versions ?

Is it an aberration of mine or is it true ?

Take the above for instance. 2007 @ £110,000 (Beneteau Oceanis 40). I am sure I have seen older versions for more money ?

Might just be me?

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Not sure if you are just talking about that particular model, but quick check on Yachtworld does not bear it out. Around 40 of that model are listed worldwide from 2007-2010. The majority are 2007/8 and asking prices vary between £105-£120K, with the cheapest ex charter and most around the middle of the range. About what one would expect with variations depending on spec and location. (Note all adjusted to include VAT at 20% if offered at an ex tax price).

Earlier Beneteau 40 footers were centre cockpit and a very different boat.

Don't think you can generalise about price differences according to age alone except that in long running popular designs older boats are usually priced lower. One has to assume that asking price ranges reflect actual selling price ranges. My boat which had a 3 year run, was very popular and there are usually between 30 and 40 listed for sale and asking prices are consistently in a narrow range of +/- less than 10% - that is £45-55k, but most close to £50k. Think that is fairly typical of volume produced boats.

In more recent boats, the gap between new and used is much wider than in the past because new boats have rocketed by at least 20% in £sterling terms in the last 2 years after of long period when they were stable, or even falling as in the early 2000s. My Bavaria 37 in 2001 was nearly 20% cheaper than the similar 35 it replaced in the model line up in 1998/9.

 

[rotrax]

You can add 60% to the 'list price' of an AWB in order to get to a minimum usable spec. The manufacturers do everything they can to achieve a low list price. For this reason the price of a new boat is meaningless unless you know exactly what is included and have the full options price list at hand so you can compare like for like.

Are you sure? 60% of £100,000 is £60,000. I feel sure I could fully kit out a 100K boat with ALL the bells and whistles for less than 20K to a minimum useable spec. After all, the boats I have seen at boat shows for sale do have the hull, engine, mast, rudder steering gear, sails and halyards/sheets ect. as part of the standard package, as well as mattresses and a cooker, compass and a standard anchor. I suppose that a mimimum standard means different things to different people. You may be fussier than me.

 

[Twister_Ken]

Are you sure? 60% of £100,000 is £60,000. I feel sure I could fully kit out a 100K boat with ALL the bells and whistles for less than 20K to a minimum useable spec. After all, the boats I have seen at boat shows for sale do have the hull, engine, mast, rudder steering gear, sails and halyards/sheets ect. as part of the standard package, as well as mattresses and a cooker, compass and a standard anchor. I suppose that a mimimum standard means different things to different people. You may be fussier than me.

Agreed. I think a figure of between 15% and 25% of the sticker price is about right, unless the buyer wants to go OTT on gizmology, canvas work, top spec racing sails, s/s anchor and chain, solar panels, sprung mattresses, etc. Even then, getting to 60% would require dedication and training.

 

[Simondjuk]

Dedication and training? Ha! My good lady must excel in both. Adding 60% to any spend doesn't trouble her in the least.

 

[Danny_Labrador]

Nice neat boat, Danny L. You and your broker really should pay more attention and make sure the sail cover is neatly fastened before taking pics though.

I mean, it is your boat you've managed to sneak in a link to the ad for, isn't it?

Nope not my boat - not related to it in any way whatsoever

 

[Sailfree]

See OP - I am really comparing used newer with used older your comments are true but surely not pertinent in this case ?

Many advertise older Bavarias stating their age as if an asset. Take any length and I think the overall weight and hence quantities of material in the build has slowly reduced. To get the price low all builders are making economies and often in the included package such that they are not "sail away" prices. Extras can substantially increase the price and you need to look carefully at whats included in any S/H sale.

Supply and demand will also be a factor and a well looked after lightly used well equiped 10yr old boat may command a premium. Wrongly so IMHO as boats that are lightly used need extra maintenance. Not being used frequently, exposed to the sun and weather and in a salt air environment is death to most things!

 

[robertj]

i dont think you're quite right here, most second hand boats come with loads of extras that new doesnt originally have.

bob

ps

selling my sadler 34 if any one interested around £200.000

 

[Norman_E]

Some older boats are quite different from their newer counterparts with the same or similar names. As an example take my boat, a Jeanneau 45.2, and the 45 that replaced it. Firstly the newer 45 is a smaller boat, secondly, but far more importantly the changes that were made in layout seem quite incomprehensible. The 45.2 has a full width lazaret forward of the forecabins. The 45 did away with it, losing valuable storage in the process, but also pushing the fore cabins forward so that they are a poorer shape, and too narrow in the front in the 4 cabin version. The greater cabin space created by losing the lazaret went into expanding the saloon, which was a waste given the already large saloon in the older boat. Deck fittings also seem to have been selected by accountants rather than sailors, in comparison.