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  1. #1
    Join Date
    May 2001
    Posts
    24,997

    Default Second hand boat prices

    I haven't had a look round for a while but browsing the Ads now it seems that 2nd hand prices are somewhat lower than they were a few years ago with few if any exceptions (looking mostly at sailing boats in the 35-45' range).

    If this is true then is are they going to stabilise at this level, recover again, or continue to slide in real terms?

  2. #2
    Join Date
    Mar 2004
    Posts
    10,509

    Default Re: Second hand boat prices

    Quote Originally Posted by bedouin View Post
    I haven't had a look round for a while but browsing the Ads now it seems that 2nd hand prices are somewhat lower than they were a few years ago with few if any exceptions (looking mostly at sailing boats in the 35-45' range).

    If this is true then is are they going to stabilise at this level, recover again, or continue to slide in real terms?
    I can't see them doing anything but slide.

    There are still a lot of hulls being made.
    The number of old boats falling off the end and being scrapped is tiny. Especially in that size bracket.
    The number of people in their 30s or 40s who can afford a boat (and who want a boat) is falling.
    As the boomer generation retires from sailing over the next decade or so, a lot of boats will hit the market.
    The step change in cruising boats in the last 10 years or so is going to make a lot of the boats from the 90s and early 2000s look comparatively unappealing to any younger buyers that do come onto the scene.
    Buyers market for the foreseeable I think, especially in AWB/MAB territory.

    However, if your boat is especially desirable then it may well still sell relatively easily. There was a spate in late 2016 when the Europeans took advantage of the drop in the pound and raided the solent race boat scene. A whole heap of successful boats went to France or the low countries. It happened to a point with cruising boats as well, my Dad's boat went to Holland in that time, but race boats were being snapped up left right and centre. And it's still happening to a point. I can think of 3 or 4 boats that have gone abroad this season, I can't think of any that have gone the other way.
    You never know, I might be right!

  3. #3
    Join Date
    Feb 2004
    Location
    Home: Saffron Walden... boatless
    Posts
    2,452

    Default Re: Second hand boat prices

    My boat (2017 AWB) has just been sold (subject to final payment... ), went in a few weeks at almost the asking price. Most of the potential buyers were Europeans. The new owners are from Denmark. So I guess the relative weakness of sterling against euroland is a significant factor.
    Graham. "Scala" now sold. Boatless.

  4. #4
    Join Date
    Mar 2007
    Location
    Over here
    Posts
    696

    Default Re: Second hand boat prices

    I agree with flaming above.

    Granted I am a sample size of 1, but I've been keeping an eye on the 33-38ft yacht market as keen to buy one and have cash in the pocket.

    However firstly, there is too much uncertainty in the next few years re:Brexit and talk of a global recession for me to want to buy one just now - can't be certain about my job being around in a year or two.

    Secondly like you mention, boats are not moving and prices are falling so there is no rush to buy one. Boats I saw on the market 18 months ago are still there unsold (and at the same asking price!)

    Thirdly the boat fund is currently getting very good returns in global equities atm.

    It currently makes no sense for me to convert equities into GRP at the present time. At this rate in a few years not only can I have a far cheaper yacht, but enough capital to go on a circumnavigation for several years...

  5. #5
    Join Date
    Aug 2017
    Posts
    30

    Default Re: Second hand boat prices

    Hmm, I wonder whether you are overthinking the business of buying a boat - they are toys, after all. When I bought mine 2 years ago the surveyor quite forcefully pointed out that it was worth as much or as little as I was prepared to pay, it wasn't a rational decision; well I was prepared to pay x and that's what I did. Was it good value, a sound investment? I don't know; I only know I've had a lot of fun sailing her for the last two years and that's worth me then any notional change in asset value.

  6. #6
    Join Date
    May 2001
    Posts
    24,997

    Default Re: Second hand boat prices

    With that diagnosis (and I tend to agree) there is no reason to think the current trends will continue and that in turn means the same doubts over buying now will still exist in 2 or 5 years time.

    From looking at what is on the market there seem to be a lot of "average" boats for sale that suggests that they must have been on the market for a long time (years?) - fewere of the premium marques so they may be selling better

  7. #7
    Join Date
    Mar 2004
    Posts
    10,509

    Default Re: Second hand boat prices

    Quote Originally Posted by Scala View Post
    My boat (2017 AWB) has just been sold (subject to final payment... ), went in a few weeks at almost the asking price. Most of the potential buyers were Europeans. The new owners are from Denmark. So I guess the relative weakness of sterling against euroland is a significant factor.
    I think a 2017 boat is going to buck the trend somewhat anyway, as in boat terms it's basically new...
    You never know, I might be right!

  8. #8
    Join Date
    Jan 2003
    Location
    Clyde
    Posts
    7,396

    Default Re: Second hand boat prices

    Quote Originally Posted by flaming View Post
    I think a 2017 boat is going to buck the trend somewhat anyway, as in boat terms it's basically new...
    Apart from a huge chuck of depreciation and turn key losses.

  9. #9
    Join Date
    Jan 2011
    Posts
    5,754

    Default Re: Second hand boat prices

    Quote Originally Posted by flaming View Post
    I think a 2017 boat is going to buck the trend somewhat anyway, as in boat terms it's basically new...
    It was also a very desirable model and fully-toyed. Not at all surprised it went quickly at the right money.

  10. #10
    Join Date
    Mar 2004
    Posts
    10,509

    Default Re: Second hand boat prices

    Quote Originally Posted by Spyro View Post
    Apart from a huge chuck of depreciation and turn key losses.
    Of course! Still going to be easier to sell than a 20 year old boat though...
    You never know, I might be right!

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