would you buy a boat right now ?

[Never Grumble]

If I didn't already have a boat, I wouldn't buy one now. Income is a fraction what it was when we bought two years ago and being a good few years off retirement and looking for a new job means less money for the essentials. Not intending to sell (yet) but if times get much harder then it might be a consideration.

 

[Momac]

If I didn't already have a boat, I wouldn't buy one now. Income is a fraction what it was when we bought two years ago and being a good few years off retirement and looking for a new job means less money for the essentials. Not intending to sell (yet) but if times get much harder then it might be a consideration.

I am sorry to hear that.
But if you should decide to sell now it would probably be a fairly quick process if a sensible asking price is set.

 

[Momac]

Life on a boat is a lot easier in this times. Little contact with other people, if necessary hardly any.....

It can sometimes be difficult to isolate in a marina . People come visiting.

 

[ShaneAtSea]

I think also i really wanted the experience of going to the boat shows and having a good look around the boats that i had researched.

I dont want to buy a boat until the shows start up again so next spring/summer is what im aiming for

 

[Never Grumble]

I am sorry to hear that.
But if you should decide to sell now it would probably be a fairly quick process if a sensible asking price is set.

Thanks. Hoping that we can scrape the money together for next years mooring fees. As a family relatively new to yachting, and so far we have enjoyed it. Many years lapsed engineer so I've also invested many hours in getting things sorted to my satisfaction so will only sell if we really have to. I'm sure we'll not be the only ones who have to take similar decisions. Tough times ahead me thinks.

 

[ari]

Ive decided to postponed buying until next year.

There is just too much uncertainty with Covid at the moment and it looks like that things are going backwards not forwards.

A global recession is sure to come so buying a boat is not a sound financial investment.

Although, im sure that the price of boats will nosedive over the next 12 months with people holding onto their cash for the foreseeable future.

However, It might also be a great time to get a bargain.

At no time in history has buying a boat ever been a 'sound investment'!

And clever people than you (or I) have tried crystal ball gazing, with inevitable results. When the lockdowns and travel bans were coming in to place through March and April, people were 'sure' boat prices would crash this summer, the exact opposite happened.

My advice, if you want a boat and can afford a boat, buy a boat.

 

[South Coast]

It can sometimes be difficult to isolate in a marina . People come visiting.

Not for me, my wife has no idea I bought one, thinks I’m working

 

[Hot Property]

" buying a boat is not a sound financial investment. "
Blimey, that will be news to most on this forum .

Indeed! I made the mistake of pricing up how much my modest Fletcher 19 sports cruiser cost per hour for my first season. £80/hr so after that I stopped working it out........

 

[Momac]

At no time in history has buying a boat ever been a 'sound investment'!

I agree not a sound investment in the sense that money put in is never fully recovered.
However owning and using a boat has for both the chief office and myself been the best thing we ever put money into . It has been an antidote to the stress of work and the means /source of most of our holidays over the last several years as well as being a hobby we enjoy together.
So the return has been benefit to our wellbeing rather than money. In that sense a very good investment.

 

[ari]

I agree not a sound investment in the sense that money put in is never fully recovered.
However owning and using a boat has for both the chief office and myself been the best thing we ever put money into . It has been an antidote to the stress of work and the means /source of most of our holidays over the last several years as well as being a hobby we enjoy together.
So the return has been benefit to our wellbeing rather than money. In that sense a very good investment.

You're absolutely right, and I should have quoted fully - 'sound financial investment'.

I agree 100% with you. Financially it makes no sense, but unless your goal in life is to arrive at your grave with as much money as possible stuffed in your pockets, so what? Life is for enjoying.

 

[ashtead]

The other advantage of a boat is that as children grow up they can if they wish continue to holiday with you and gain the enjoyment of boating without the costs to a large extent . If you equip your vessel with suitable boards etc they can also have independence on arrival plus more sporting activities afloat

 

[Portofino]

I think also i really wanted the experience of going to the boat shows and having a good look around the boats that i had researched.

I dont want to buy a boat until the shows start up again so next spring/summer is what im aiming for

Told you about this in your other thread .
Salone Nautico | Il più grande salone del mediterraneo

Its a wet show too , a important feature meaning you can test them out @ sea .

Although it seems it’s was sell out , busy .

 

[Bigplumbs]

If I didn't already have a boat, I would buy one now. I'm not going from an economic point of view now, you're just a little safer on a boat at the moment. Who knows when the next lockdown will come and what will be allowed? Life on a boat is a lot easier in this times. Little contact with other people, if necessary hardly any, and yet you are not locked up and can go to places where it is not so bad.

I think you have been watching too much Walking Dead

 

[cherod]

You're absolutely right, and I should have quoted fully - 'sound financial investment'.

I agree 100% with you. Financially it makes no sense, but unless your goal in life is to arrive at your grave with as much money as possible stuffed in your pockets, so what? Life is for enjoying.

I have never understood the desire to die in poverty

 

[ShaneAtSea]

If I didn't already have a boat, I wouldn't buy one now. Income is a fraction what it was when we bought two years ago and being a good few years off retirement and looking for a new job means less money for the essentials. Not intending to sell (yet) but if times get much harder then it might be a consideration.

Theres a rule that seems to be true when making a decision when buying a boat.

Apparently, the running coats of a boat are around 10% of the value of the boat per year.

So if you spend £1m on a boat it will cost £100,000 a year to maintain, berth, fuel, etc etc

Watch this video from Aquaholic

 

[Bathbuoy]

Theres a rule that seems to be true when making a decision when buying a boat.

Apparently, the running coats of a boat are around 10% of the value of the boat per year.

So if you spend £1m on a boat it will cost £100,000 a year to maintain, berth, fuel, etc etc

Watch this video from Aquaholic

Have watched this before. He says exactly the opposite, that the 10% figure is not a true representation of running costs.
For anyone that wants to watch its at 20:36

 

[[178529]]

The older a boat gets the higher the ratio. Take a 15k sailing boat. Very common value for an 80s 90s yacht. 3k marina fees, 1.5k antifouling servicing and replacing bits and pieces. Maybe 30% of value annually.

 

[Never Grumble]

Theres a rule that seems to be true when making a decision when buying a boat.
Apparently, the running coats of a boat are around 10% of the value of the boat per year.

And your point is relating to my situation is?

 

[[178529]]

I have never understood the desire to die in poverty ☹

Actually, from an accounting viewpoint the only way to make a profit in life is to die in debt.

 

[cherod]

The older a boat gets the higher the ratio. Take a 15k sailing boat. Very common value for an 80s 90s yacht. 3k marina fees, 1.5k antifouling servicing and replacing bits and pieces. Maybe 30% of value annually.

1.5k for anti foul a 30ft boat , with what , gold flake ???