Sunseeker Portofino 34......for £30k!!!!

But your original premise was that this and other older boats were a) valueless and b) somehow more expensive to run. Age is no function on mooring fees and insurance. And little to do with running costs given fair mechanical order.

And if you really want to push this debate, lets talk about my 22 year old Windy - runs on LPG at 50ppl whilst chugging out 410 gee gees and 44 knots. Beat that.
 
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Furthermore.....I have a concern that old boats like this will become absolutely valueless. It's not the purchase price that will put people off it's the running costs. If you can afford to run a boat like this then surely you got afford to buy something nicer.

Pete

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I could take umbrage at your remarks above, just because someone may be able to afford the running costs of a boat like this, doesn't mean they have the capital to buy it in the first place, the running costs are, by comparison, relatively easy to find year on year, finding 30/40 or 50k to buy it in the first place is the difficult part, unless of course you re-mortgage your home, or of course are a banker taking your bonus for F***ing up everybody elses life /forums/images/graemlins/shocked.gif

But hey what do I know,

I do know I have a boat that in your eyes is absolutely valueless, but at least I have a boat bought and paid for in full, and can pay the running costs, need I say more?/forums/images/graemlins/grin.gif
 
But hey what do I know,

I do know I have a boat that in your eyes is absolutely valueless, but at least I have a boat bought and paid for in full, and can pay the running costs, need I say more?/forums/images/graemlins/grin.gif

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amen to that /forums/images/graemlins/smile.gif
 
"If you can afford to run a boat like this then surely you got afford to buy something nicer."

Assuming you can afford the actual running costs borrowed money would be the only way to finance the the "nicer" boat.

The cause of our current financial problem possibly ?
 
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EDIT:- I just noticed that you own a Targa 30. Its a classic design that hasn't strayed too far away from the 3 tunnel 4 strake deep vee hull of Sunseeker and Windy. So now I'm even more confused about your criticism of SS??

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Don't think Petem owns a boat at all from his profile. Looks like he's an 'X' boater, so his opinion may not be quite so current! /forums/images/graemlins/wink.gif
 
You're right, I'm afraid that I've been priced out of the boating market (doesn't mean that I don;t still love boats).

I will admit to being slightly provocative but we all agree that a boat is only worth what someone is willing to pay. This is led by supply and demand. The 80's and 90's saw an awful lot of boats being manufactured. And we know that few boats are ever scrapped. So there's a fairly healthy stock of boats out there. It's also true that running costs have increased at far more than the rate of inflation.

So I was speculating if boats could become so expensive to run that the older ones effectively become valueless. I guess I'm trying to compare boats with old luxury cars. They still have plenty of use left in them but they're virtually worthless.

I do seem to have touched a raw nerve with you chaps with older boats. If you own them outright and can afford the potential depreciation then good for you. But would you buy this Sunseeker in todays market? I wouldn't.

Pete
 
It's true that boats are only worth what somebody will pay and it's also true that old boats don't really die. However many are left uncared for in backwaters only rarely used and maintained. The boat in question however looks like a cracker. If the photos and text are accurate, and I'd want a thorough survey, I reckon that's a superb buy for £30k. Just look at the photos. (No I don't know the owner)
It's not mandatory to keep the boat in an expensive marina for £4k/yr. Even on the south coast a suitable deepwater swinging mooring can be had for about £1k or so. Keep the boat in good order and the depreciation downside is minimal. IMO the depreciation risk is higher with newer and more expensive boats, and that's not to mention the higher cost of capital.
 
If you look at a new SS it will loose more than £30k in the first year, hence you could look at this boat and say as long as it last more than a year I have a boat that doesnt owe me anything.

It does look a good buy if you are looking for this style of boat.
 
following on from you last post Pete,

Edit; "So I was speculating if boats could become so expensive to run that the older ones effectively become valueless. I guess I'm trying to compare boats with old luxury cars. They still have plenty of use left in them but they're virtually worthless."

this theory does apply to some older cars, but what about, the exotics, old Ferrari's make 5/10/20 fold their original purchase price the same for lotus,Porsche,e type jaguar,mk 2, xk140, xk150, Austin Healy 3000,Bristol,and even at the lower end, spitfire, MGB,MG midget, sunbeam there are loads more out there.

I think you should research more before committing to writing.
 
Of course there are going to be collectable cars but from your list there's plenty of Porsche 924's and 944's available for pocket money. The question is whether old Sunseekers (and old Fairlines and Sealines) will find a 'collectors' market or are they the nautical equivalent of Jag XJ6's.

Pete
 
Good on yer! /forums/images/graemlins/cool.gif

If you look after it I doubt if you'll lose anything, it's pretty well depreciated now, those that are worth less probably aren't worth owning at all.

Nice looking boat and good hull.
Enjoy! /forums/images/graemlins/wink.gif
 
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You're right, I'm afraid that I've been priced out of the boating market (doesn't mean that I don't still love boats).

I guess I'm trying to compare boats with old luxury cars. They still have plenty of use left in them but they're virtually worthless.


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Sorry no reply, not been around much.

I don't think anyone was suggesting that you're not keen on boats but it's difficult for you to be objective as the last time you bought diesel it was probably less than 50p a litre and mooring fees have been increasing at 5% per annum for the past few years.

With regard to your comment on old cars, I always think boats and cars compare badly, there are far too many differences.

If an old car or boat has 'plenty of use left in them'...

How can they be valueless? /forums/images/graemlins/confused.gif
 
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