Who agree's the Targa 48 at EBY at £135k is good value?

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crazy4557

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Who agree\'s the Targa 48 at EBY at £135k is good value?

Don't know about anyone else but that Targa 48 at EBY http://www.essexboatyards.com/boats/view.php/4/Fairline%20Targa%2048.html is starting to look cheap. I have looked over it and it needs a little TLC inside but even at that price or even less for a really cheeky bid has got to be worth a punt. Would you lose much in the medium term in terms of value? Anyone else of the same opinion??
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

Its market value is whatever anyone will pay for it. Dont kid yourself you are the only one with the power to get a bargain.

It hasnt sold at the higher money, and as far as I know it hasnt sold at £135k. if you buy it for £130k or whatever then the market value for that boat is...

£130k

If the market drops, yes you will still loose money. OK, not as much as if you had bought it in the summer for £160k but the market price will still be below that which you paid.

Of course, you might do the work, tidy it up a bit, fit new covers etc etc and get more than you paid but the answer is who knows.

Is it a good price boat? I think it probably is. Is it way under market value? No, it is setting the market value, otherwise it would have sold before now. Dont forget, this boat has the same running costs as a new Targa 52 - in fact it probably uses more fuel due to old engines so could cost more to run. thing is, as a % of the value the 48 is way more to run, which is why it will be a bit sticky until things pick up a bit.

We are in the same situation with the V39, we have bought well but I dont think we have bought significantly under the market and the best we can hope for is very gentle depreciation form here in.

Its not a bad buy, if you want that type of boat, but its not a cheap boat and you have to have your eyes open. The good news about the deal is its Essex Boatyards who are selling it. I have dealt with them on a number of occasions and am going through a purchase now and they really coulnt be any more honest, straight forward or easier to deal with.
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

Andy

Lot of boat for the money, but guess its a bit like buying an old supercar, cheap to buy, but cost a arm and a leg to run

Still timeless classic

Ians
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

I've seen it in the flesh, briefly, from the outside. Jrb is right about values - it'll depreciate some more perhaps, But meantime you could be a great boat, bit of a classic, for modest capital outlay. Overall I'd say it is a good buy if you want that category of boat.

And I agree 100% with jrb about what a good firm EBY are to deal with
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

T48 is not their most popular model. Given the berthing costs the second hand desirability is limited. Most people with £135k wanting a Fairline would buy a newer T34/T37.

As Jez says, a boat is only worth what someone will pay. It is a good price...not a great price. Buy it at the right price and you may save more than a few years mooring costs.

I have been looking at the £120k boat market all over Europe as I 'may' be in the market for one to live on in the sun. I was amazed what could be got in that price range. A few calls to Med dealers showed substantial discounts available on certain boats....but not all.

The issue comes if you sell her in a few years. It will be a 14 year old boat with mooring costs of £10k per year and a value of say £110k. If you can afford the £10k mooring costs...you can afford the Marine mortgage to buy a newer one (IMHO).

If you are buying it and have a berth sorted and intend keeping it for more than 3/4 years then go for it. If not beware, it may become stickier than bluetack and the only way to shift it will be a very low price!

Cheers

Paul /forums/images/graemlins/smile.gif
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

no offence to you - but how do you know what is going to be happening in 3/4 years. As far as I'm aware nobody is in a position to do forward projections good or bad !!

/forums/images/graemlins/confused.gif
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

Firstly, that boat is not for me... I just thought it was starting to show how the market is beginning to move towards some very realistic pricing.
I agree with pretty much all the comments posted so far and I'm also of the opinion that the T48 is not the most 'poplular'model in the Fairline range but it's still a 48' modern well built boat at a cracking price. I'm looking forward to seeing some more boats at this ,or even better value.
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

a Med perspective
a V 52 from 1997 in UK sold for 180k EUROS a month ago so that was surely a better deal, a much better boat the Princess

a year ago this would have been fantastic deal for the money and people would stole a bank, now these are empty so not much left in this
it would be curious to know if after this economic mess which boats would be up again, we just have to wait and see
but if you like it and have the cash go and negotiate for it, you live only once and no one knows what tommorow will be
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

Uses as much fuel as a Targa 52...................Jez are you barking mad?????

All of you, there has been some rubbish written here!

TargaLout...............where are you when I need you???

48 feet, amazing sea keeping, fantastic looks, shafts, 5 litres a mile fuel consumption (On TAMD 74's), fabulous accomodation, great garage, (Later Ones), I could go on!

Targa 52............D-12's...........5 litres a mile! Dont think so Jez!
Jas.
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

[ QUOTE ]
Uses as much fuel as a Targa 52...................Jez are you barking mad?????

All of you, there has been some rubbish written here!

TargaLout...............where are you when I need you???

48 feet, amazing sea keeping, fantastic looks, shafts, 5 litres a mile fuel consumption (On TAMD 74's), fabulous accomodation, great garage, (Later Ones), I could go on!

Targa 52............D-12's...........5 litres a mile! Dont think so Jez!
Jas.

[/ QUOTE ]

he is not so wrong IMO as a friend of mine who had a SS 44 Camargue with the 2x480hp Volvos, and later both the much heavier 50 Camargue with 2 x 715 hp at about 26 knots he used to consume same fuel
with thise Cats the 48 Targa drinks and drinks
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

I am not making forward projections.....just stating that short term boat ownership, in general, costs more than longer term. You even out running costs, depreciation, finance costs etc over a longer period. When most people buy a new to them secondhand boat they have a spending splurge on items like Electronics, hull restoration, new carpets etc, especially on this age of boat. If you do this and only keep a year then it tends to hurt more financially as someone else gets the benefit when you sell it.

As an avid keeper of boats on average 13months it hurts every time!

Cheers

Paul /forums/images/graemlins/smile.gif
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

Firstly, CATS always drink more than any other engine ive come across at the same rated hp, however they are not the same hp.

When cat build and dyno there engines, if they are to be sold as a pair to a builder they are dynoed , if the difference in hp rating is above 1% they are not sent out in a pair, they are also only sold if the hp rating achieved on dyno is what the engine is badged at.

We came across this some years back with our 3208 375hp rated engine, we actually got a copy of the dyno report from cat archives, one engine was 375 the other 377.

Volvo dont do this, the engines are tested and sent out and thats it, the duty cycle and longevity of a cat far exceeds a volvos life but at an overall price to the customer.

I wondered how long it would be before argo stepped in, did you nick yours any cheaper I wonder?, im thinking about a T43 for next year.
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

Just looked at it on EBY, to be honest its priced about right for a 12 year old boat of 48ft, you can get some older same age princess type 470/480/500 for that money and less now, its not going to be spriteley on speed with 2 426 hp engines either compared to what we ask for these days, take into consideration, carpets, upholstery, new nav gear, canopies , service and apolish for next season and your going to add another 15 to 20 k to that, its not a cheap boat then is it?.

If your jumping up in size 50ft moorings on the south coast arent cheap either.
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

[ QUOTE ]
CATS always drink more than any other engine ive come across at the same rated hp, however they are not the same hp.


[/ QUOTE ] Agree with that. A few years ago there was dissent among engine manufacturers because Volvo tested their engines at lower temperature than the others and claimed a higher power rating.

This was borne out when I looked at SS Camargue 47s and found that CAT 435hp engines were on 32" pitch props, whereas Volvo 430hp engines were on 29" pitch props with a commensurate drop in top speed.

Mind you, the CATs were 10.4 litres and the Volvos only 7.6 litres (from memory).
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

sir are you honestly trying to tell us that princess build a better boat than fairline!!!!!imho fairline have allways been one step ahead both inside&out,also i believe that the seakeeping of the fairline to be better given it's slightly more slender hull,the princess being more fuller across the beam,regards m m 1.
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

[ QUOTE ]
Jez are you barking mad?????

48 feet, amazing sea keeping, fantastic looks, shafts, 5 litres a mile fuel consumption (On TAMD 74's), fabulous accomodation, great garage, (Later Ones), I could go on!

[/ QUOTE ]

Quite possibly to your first question /forums/images/graemlins/blush.gif

I am not questioning the T48's abilities. i think you know that it is one of the boats that I have always likes, its looks are still fresh and it is one of the few boats sub 50 feet where you get three usable full cabins.

In fact, i think its a great boat.

The only problem is in the current market the people looking to spend £130k on a boat and then spend 20% of that a year to run it are few and far between. Its the reason why i have bought jointly this time round - i could buy the V39 on my own but then it would cost me far to much to run it, so a partnership is my compromise.

I'm not having a dig at the boat, its just a very tough market right now.
 
Re: Who agree\'s the Targa 48 at EBY at £135k is good value?

[ QUOTE ]
sir are you honestly trying to tell us that princess build a better boat than fairline!!!!!imho fairline have allways been one step ahead both inside&out,also i believe that the seakeeping of the fairline to be better given it's slightly more slender hull,the princess being more fuller across the beam,regards m m 1.

[/ QUOTE ]

this is not much about Fairline versus Princess
the V52 is definitly a much better boat then the 48 Targa that is definitly a fact, better sea boat more spacious but then it is also bigger, 52 Targa which is also newer is better then the V52 or V55
one thing to remember before picturing the Fairline as a much better boat to Princess is that both have the same designer i.e Bernard Olenski
Fairline GRP constuction is a bit better IMO but Princess have also in most cases a better weight distribution to it
but Fairline managed incredible seakeeping boats with the Olenski hull, the 56/59 Squadron comes to mind that is a very good seaboat, or the old Fairline 50, and old 38/39 Targa
 
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