Question on boat values
01-05-2007, 10:49 AM
#11
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Re: Question on boat values
The way the market is, everyone's boat is depreciating more rapidly than the market is recovering. There is a huge glut of used boats on the market and it's going to be worse in the spring once "new boat fever" really kicks in.
I know a couple of guys myself that are $50K or more upside down in newer performance boats. Gas and insurance costs are hurting everybody.
I know a couple of guys myself that are $50K or more upside down in newer performance boats. Gas and insurance costs are hurting everybody.
01-05-2007, 11:10 AM
#12
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Join Date: Jun 2006
Location: Saucier/Gulfport, MS
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Re: Question on boat values
That bigger garage is looking like more & more like a good option....
I'm not upside down, but I really don't want to just give it away, so keeping it for now may be the way to go....
I'm not upside down, but I really don't want to just give it away, so keeping it for now may be the way to go....
