Second hand boat prices - again !

[mrw13]

I saw Birdseye's post y/day and the responses made.

A lot had differing view points, but all were agreed that yachting & or boating is not a great investment - more a question of how much in real terms u lose over the period of ownership.

One thought though that occured to me, which no-one mentioned, is that if the red diesel subsidy is withdrawn at the end of next year, will those
owners of powerboats trade those in for the raggies - might that not help to support the second hand market ??

 

[oldgit]

Do not hold your breath with regard to red diesel defections.

The number of diesel guzzling gin palaces operated at the edge of the owners budget represent a tiny minority in the scheme of things.For many well heeled owners the fuel bill is but a small part of the cost of keeping him on the water with berthing,ins maintaince and poss mortgage payments to find.The many other types of users with small displacement boats and tight gits like me use such titchy amounts of fuel that twenty quid or so added to any trip out will not even be worthy of comment.
Any fuel price whinges from boaters who by choice are never the less prepared to drive a couple of hundred miles(and more ) to and from where they chosse keep their boat moored,cannot complain under any circumstances.

 

[Birdseye]

There's bound to be some support from this source. People arent logical about costs - you only need to read some of the posts about saving £5 on a tube of goo to use on a boat that costs 7k in marina fees to realise this. So some stinkies will come over from the dark side which will probably support the raggie market at the big and flashy end (arent prejudices lovely!) but not at the end which I am forced to inhabit.

It will probably do the sales of central heating oil some good as well /forums/images/graemlins/wink.gif

 

[Sans Bateau]

Never buy a boat as an investment, buy premium bonds (maybe).

Owning a sailing yacht is for pleasure, you don't say, "How much money are we going to loose going to Spain or Greece every year", you do it cos you like doing it.

A load of gas guzzling power boats will get dumped on the market next year, but as someone already said they will be buying at the top end of the market or the 'this boat has every bit of kit' type boat (Legend?).

The other option of course is the owners will continue to keep them, as they do now as country cottages, never moving out of the marina.

 

[Roy]

Markets always change and buyers always adjust and selling is always a must. Nothing much will change in real terms - theres too much money in too many economies. More and bigger boats are being designed, built and sold than ever before and fuel price hikes wont alter that. Likely factor is that entry level boats will become cheaper and big boats will cost more to compensate.