Trade-in and Depreciation

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intouch1

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just wanting to get some info on trade-in deals and depreciation on new boats.
Let's say one has just bought a new 50-60 foot sunseeker, fairline or princess.
what would be the typical conditions when going for an upgrade with the same brand within 18 months of purchase....
 
What a curious question. . . I'd presume if you've amassed enough ££'s to buy said vessels you'd also have amassed enough nous to have worked out the answer without resorting to an Internet forum.
 
That's a jolly big willy you're waving. Beats mine I admit. If you have all that money to burn, why do you give a damn about being ripped off with part-ex?

Mind you, if you bought the right boat in the first plae it may last a little longer. I've had mine for 25 years & I am still pleased with it (he said, wavng his own little willy) :D
 
Lads it seems a little harsh to be enviously carping at the sort of person who appears to be willing to do more than his bit to keep the British or European boat building industry going.
 
It sounds to me exactly the sort of question that someone who is considering buying a first boat in the 60' range would ask if thought he might want to change his boat once he had got a season or two's use under his belt. There's been at least one person on here who started at that sort of level and changed boats that quickly.

I'm pretty surprised and disappointed at the replies but no doubt someone that can provide an informed answer will be along shortly, as opposed to those who just want to alienate a new poster to a public forum.

As an aside, why does the question need to be from a real situation anyway? Why are you assuming it's actually someone buying their first boat? Could be a broker, student, freelance journalist doing some research, anything...
 
grumpy_o_g said:
It sounds to me exactly the sort of question that someone who is considering buying a first boat in the 60' range would ask if thought he might want to change his boat once he had got a season or two's use under his belt. There's been at least one person on here who started at that sort of level and changed boats that quickly.

I'm pretty surprised and disappointed at the replies but no doubt someone that can provide an informed answer will be along shortly, as opposed to those who just want to alienate a new poster to a public forum.

As an aside, why does the question need to be from a real situation anyway? Why are you assuming it's actually someone buying their first boat? Could be a broker, student, freelance journalist doing some research, anything...
Click to expand...

+1
 
I would say that if you bought a new 50-60ft boat from Sunfaircess and traded up in 18 months time they would give you back what you paid for it, based on list pricing of new boat, keep trading up exvery 12-24 months and never loose money until you come to sell the last one.....
 
intouch1 said:
just wanting to get some info on trade-in deals and depreciation on new boats.
Let's say one has just bought a new 50-60 foot sunseeker, fairline or princess.
what would be the typical conditions when going for an upgrade with the same brand within 18 months of purchase....
Click to expand...

There's an easy way to find out - ask the manufacturer.
If one was in a position to do this then one would get a buyback clause written into the original purchase contract for such an eventuality (BEFORE one bought the first boat!).
 
thank you for the replies. both, the sensible ones and the less so...

and yes, this is my scenario. just received my sportscruiser 2 months ago and am considering upgrading. while it might seem a bit early to some, taking into account the slot availability etc. it would leave for a good 15-18 months use on my current boat.

my dealer wants to go 15% depreciation on the first year and 10% on the second. furthermore he is asking for a 3% handling fee for trade-in.

seems a bit harsh to me.
 
bignick said:
There's an easy way to find out - ask the manufacturer.
If one was in a position to do this then one would get a buyback clause written into the original purchase contract for such an eventuality (BEFORE one bought the first boat!).
Click to expand...

+1
 
bignick said:
There's an easy way to find out - ask the manufacturer.
If one was in a position to do this then one would get a buyback clause written into the original purchase contract for such an eventuality (BEFORE one bought the first boat!).
Click to expand...

unfortunately, i did not discuss this beforehand as i assumed i would be given the same kind of agreement if not a better one on the secont deal.
however, it turned out my dealer is extending less discount on a higher value boat while in the mean time being rather harsh with the trade-in conditions.
 
MRC said:
I would say that if you bought a new 50-60ft boat from Sunfaircess and traded up in 18 months time they would give you back what you paid for it, based on list pricing of new boat, keep trading up exvery 12-24 months and never loose money until you come to sell the last one.....
Click to expand...

I remember a while ago listening to Eddie Jordan on TV talking about his experience of owning Sunseekers over the years. And he said exactly the same - that he had never lost penny on any of them and that they hold their value.

I couldn't understand his expereince as I looked at the falling price of Sunseekers in the adverts.

But your post maybe makes sense of his comments.

I guess so long as he doesn't give up boating and/or Sunseekers, he never will lose money, or have to actually face up to it.

Cheers

Garold
 
grumpy_o_g said:
Could be a journalist doing some research.
Click to expand...

Could be that you've been remarkably perceptive when googling the OP's login name:)

InTouch magazine

If the case, maybe Brad Pitt's on the market for his first Sunseeker ;)

alternatively, this fella could just be bored with his Ferrari and wants a new boaty buzz in his / her life InTouch1 Ferrari owner?
 
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