So, who has achieved the greatest %age discount from sale price when buying a boat.

"the asking price isn't far off what the boat would have originally been bought for 20-30 years ago.. :)"

Need to strip out inflation to use that measure a better indication would be what a similar boat would cost today.
New entry level Fairline with extras ie steering wheel etc £400.000 on the road ?

Half decent Turbo 36 with no major out lay required. £50-70K
P46 in need of a freshen up £160-170K.
Interesting comparision would be the price of a new boat with reference to the average wage PA at the time.
 
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wipe_out said:
Brokers do have that information.. Apparently some of the sites they use (I think Yacht World was one) keep a database of the listing price and selling price of all the boats that pass through the site.. The brokers pay a membership fee to access the information..

My observation on older boats is it seems the asking prices are more unrealistic than on newer boats.. In some cases I would imagine the asking price isn't far off what the boat would have originally been bought for 20-30 years ago.. :)
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Boats prices have gone up a lot in the last 20 - 30 years therefore the asking price as per say new then is probably not too unrealistic imho
 
LionsDen said:
Boats prices have gone up a lot in the last 20 - 30 years therefore the asking price as per say new then is probably not too unrealistic imho
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I agree that prices have gone up in 20-30 years but a boat is not an appreciating item that keeps pace with the new equivalent like a house for example.. In my mind it's more like a car where save for a few "classics" that are restored and rebuilt to "as new" condition they really should continue to depreciate until they reach zero value..

It seems that, for motorboats anyway, the value only takes a big hit when the engines die.. Boats with very dated and worn interiors or very dated exteriors are listed with what in my opinion are quite high prices for their age.. If a boat had been completely refurbished to original (or modernised depending on taste) with brand new or a completely rebuilt engines and systems then it could command a higher price just like classic cars but that doesn't appear to be the case..

So all that being said it seems the best value is to buy somewhere in the middle.. New boats have the high depreciation (as is to be expected) and old boats don't depreciate as they should.. So get a boat that is in that "maintaining" phase of its value and you are good.. Unless your engine breaks of course.. ;)

All just my opinion of course.. :)
 
wipe_out said:
Brokers do have that information.. Apparently some of the sites they use (I think Yacht World was one) keep a database of the listing price and selling price of all the boats that pass through the site..
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That would only work if it was used by all brokers and updated by all brokers on each of their sales.
It isn't.

There is simply no Glaces Guide for boats.
The previous poster hit it when he pointed out it is a pointless thread in as much as the % someone negtiates off is down to a very considerable number of things. The most obvious being if the asking price is realistic or not.

And used boat values do fluctuate depending on the new boat prices. Not by as much as a vendore may like, but a sharp increase in new price will hold the used price steadier or in a very few cases it may rise fractionally.
I know of a number of owners who got back more than they paid for their brand new boat when they sold a few years later.
Their model of boat had received considerable price rises over the following years and the model was very popular. It is unusual, but it does happen.
 
Nautibusiness said:
That would only work if it was used by all brokers and updated by all brokers on each of their sales.
It isn't.

There is simply no Glaces Guide for boats.
The previous poster hit it when he pointed out it is a pointless thread in as much as the % someone negtiates off is down to a very considerable number of things. The most obvious being if the asking price is realistic or not.

And used boat values do fluctuate depending on the new boat prices. Not by as much as a vendore may like, but a sharp increase in new price will hold the used price steadier or in a very few cases it may rise fractionally.
I know of a number of owners who got back more than they paid for their brand new boat when they sold a few years later.
Their model of boat had received considerable price rises over the following years and the model was very popular. It is unusual, but it does happen.
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Hi Tom.

As I pointed out in Post 57 I put this post up for a bit of fun, after some guy was ranting and raving on here about a tyre kicker who was upsetting a lot of South Coast brokers with low offers on boats for sale. The post has actually generated quite a lot of discussion - so I class it as a useful post - I did like the reference to the % police by one poster. I even managed to squeeze in a bit of free advertising for a Monterey 250 you have on brokerage at Parkstone Bay Marina, in posts 4 and 7 and again in this post..

I was around at PBM recently and was vey impressed with the way the stock and brokerage boats are presented with the raised decking allowing easy access through the stern into the cockpit.

I hear that you ( and Claire ) have sold a lot of boats this year. That is good news. So, perhaps we will see you in a swanky Range Rover soon:)
 
I'm a little surprised anyone wants to own up to buying a boat from a an overpriced chancer in the first place, make you wonder what else he took a flyer on...
It's very easy to do your research to work out the market price for most mainstream boats,the more obscure that a little longer, but its not that difficult.
Discount means nothing, the nett or cost the change is the only thing I'm interested in.
 
%ages are actually USELESS here.....

Let's say I see a slightly scruffy boat, that (when compared to others out there) is worth £3000 - £4000 less than the others around it (to allow for the work to be done to bring her up to scratch) and the owner has actually priced it at £15000 whereas all the others around are at £12000 then of course I will be looking to get a huge %age discount.

So if I found I could get around 10% off the £12k boats roughly and they are immaculate, then they will cost me £10,800 so I need to be offering £6000 to buy the other one - which is 60% off...... A bargain? Well no not really, all you have done is pay what the thing is worth.

Then find a motivated seller on one of the immaculate ones and get 12% off - so it costs you £10,560 and that is actually a better deal - but a much lower percentage!

The reality is, if you can find a nice boat, advertised at a sensible price and you can get enough off that you feel you are going to end up paying the right money - that's the deal to have.

Having said all that, in my current search, brokers seem to be actively encouraging "silly money" offers in the desperate hope of a sale - I saw one tatty boat, and said to the broker "I probably wouldn't offer half what he's asking" and the broker said "Ooh well sir I'll happily put that forward to the seller - he may accept it..."

Depends how desperate the seller is to sell.
 
beejay190 said:
Hi Tom.

As I pointed out in Post 57 I put this post up for a bit of fun, after some guy was ranting and raving on here about a tyre kicker who was upsetting a lot of South Coast brokers with low offers on boats for sale. The post has actually generated quite a lot of discussion - so I class it as a useful post - I did like the reference to the % police by one poster. I even managed to squeeze in a bit of free advertising for a Monterey 250 you have on brokerage at Parkstone Bay Marina, in posts 4 and 7 and again in this post..

I was around at PBM recently and was vey impressed with the way the stock and brokerage boats are presented with the raised decking allowing easy access through the stern into the cockpit.

I hear that you ( and Claire ) have sold a lot of boats this year. That is good news. So, perhaps we will see you in a swanky Range Rover soon:)
Click to expand...

I am not really a Range Rover kind of guy Bob. If one was given to me then fair enough, but I'd make such a mess of it with fish, rabbits and deer...

I did spot the free advertising and also that Richard bleated terribly about the picture of "him" on his cover shot, but psst, he supplied the picture so he can go and nah nah nah nah nah. :-)

It has been a very busy year though. Used sales have gone through the roof for our bread and butter boats. A few larger boats sold too and also more movement with brand new stuff which is exciting.

I do take the point of the thread and have enjoyed (speed) reading it, but it is true that a lot depends on the initial price point which does make a % discount a bit meaningless.

As you know, I am not allowed to advertise directly so please do keep up the advertising for me as Richards DIESEL MONTEREY 250 is a very smart boat indeed, as are the large number of other excellent boats available to view on our purpose built display area!

;-)

Tom
 
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