Part exchanging yachts - why not...

[Guest]

When you want to by a new car - no problem. Find one, take your old car in and part exchange it. Nice and clean, and you always have transport.

I am now considering buying a second boat. However, it would appear that brokers don't part exchange. So I'm faced with 2 choices given the likelihood of finding a new boat and a buyer for mine at exactly the same timeis very low. I can either sell my boat and face being without sailing for a very long time - appalling. Or get a whacking great loan - appalling.

Why can't brokers part exchange?

Anybody got any advice? Anybody know brokers on the South Coast who do?

Geoff

 

[rogerroger]

Car and boat sales are very different. The broker sells a boat on behalf of somone else whereas a car dealer owns the stock.

As (most) cars are cheaper than (most) boats it's a lot less capital the car dealer has to tie up compared to a yacht broker.

that said, I'd imagine a broker would take your boat in px but only at a rate very unfavourable to you and very favourable to him.



/forums/images/icons/cool.gif Roger Holden /forums/images/icons/cool.gif
<A target="_blank" HREF=http://www.first-magnitude.co.uk>First Magnitude</A>

 

[tomg]

You can get a part-exchange if you're buying a new boat from one of the smaller manufacturers or dealers. I did, but they have recently gone bust!

 

[Chris_Robb]

Also Car prices are less volatile and assessable from a book. Boats - well what is the correct price - willing buyer and willing seller?

Various companies have tried it - originally Westerlies tried it (original Westerly) and it was one of the (many) things that brought that group down.

 

[BarryD]

Essex Boatyards might buy you boat - for about 30% less than it's really worth. Otherwise you're stuck. If the broker owns the boat for sale then they will normally consider a favourable P/X. It's a bit like asking why an Estate Agent won't buy your house when you've found one you like on their books.

So you unscrew this, and put it safely here, then oopps...
All - IMHO, BTW, FWIW and NWGOI