The Future of Powerboat Values
02-10-2013 | 07:57 PM
#91
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Joined: Oct 2009
Posts: 1,134
Likes: 160
From: central IL
02-10-2013 | 08:53 PM
#92
Registered
Joined: Jan 2009
Posts: 1,054
Likes: 24
From: Omaha, nebraska
its been a long time since i read a 10 page thread! i am a 80s baby also, i rebuilt my boat top to bottom literally. i bought the boat with no engine, no interior and no windscreen and then found out it had rotted stringers and transom. i did all the work myself and the only part of my boat that has even come close to a shop is the lower unit. i have been building cars and engines since before i was old enough to drive. i also do all of my own work on my house and anything else that needs repairs. with that said i can honestly say that allot of people my age dont know how to do crap. if they had to maintain their homes and cars they would be lost!
on the point made about people that are into boating grew up boating, i grew up boating. it may not have been as much of a obsession that it has become for me but we spent a allot of time boating. in my late teens/early 20s my parents got a slip at the local marina and it became the thing to do every weekend. it was a great bonding experiance floating down the river drinking some beers with my parents, i miss those days!
what i have noticed with boats is that once they bottom out in value, they tend to hold their value. i had a 20' mariah that i actually bought from my parents, they owned it for 4 years, sold it to me and i had it about 5 years and i sold it for what they had paid for it nearly 10 years before that. and i honesly think i could have gotten more out of it. i have a 89 baja sport 250, i search the net for them all the time and i have noticed that they have actually increased in value and if they have the right stuff done to them they can get up there in price. i can say that superchargers scare people away, thats a really big thing that the average guy wants nothing to do with. i have noticed that size could be a big issue with resale, my buddy who is on the forum also has a 29' mach one single engine boat and it is a nice boat with lots of room and has a 502 in it. he has tried a few times to sell his and has not had much luck, our theory is the boat is too big for most people wanting a single engine boat because a half ton truck will strugle with it, the guys that want the bigger boat want twins. i have been looking at going bigger but that means i have double the cost on performance upgrades and maintaning it. not to mention you need a bigger truck and a place to keep it. so if i had to guess the large twin engine boats are going to be the harder ones to sell and maintain value. i think part of the reason my boat model seems to increase/remain stable is that the average joe with a half ton truck can pull it, they can afford to maintain a single engine and it can fit in the driveway still.
another thing that killed boat values in my area is the river flooded several years in a row and it caused us to lose 2 of our marinas. most of the people i boat with had boats with cabins so that they could go back to the marina, have a bon fire and crash out in the boat so that they did not have to drive home after drinking all evening. now we have to trailer down and sleep on sandbars which is fine with me but allot of people kept their boats at the marina all season and then they went to storage for the winter. allot of those people didnt even have a truck to haul them, i didnt the first few seasons i was down there mainly because i didnt need it at the time. the boats were moved twice a year, to the marina and to storage.
the cost of gas may play a role but i dont think it is killing boating. it cuts down on road trips for us but if i spend 100 bucks on gas, beer, ice and some muchies for the evening i would rather do that than spend 100 bucks at the bar. most of our boating friends that come out allot ship in on gas if we are doing a road trip or event like a poker run. then again back to my point on boat size, filling up and hauling my single engine 27' with my half ton is not too bad
on the point made about people that are into boating grew up boating, i grew up boating. it may not have been as much of a obsession that it has become for me but we spent a allot of time boating. in my late teens/early 20s my parents got a slip at the local marina and it became the thing to do every weekend. it was a great bonding experiance floating down the river drinking some beers with my parents, i miss those days!
what i have noticed with boats is that once they bottom out in value, they tend to hold their value. i had a 20' mariah that i actually bought from my parents, they owned it for 4 years, sold it to me and i had it about 5 years and i sold it for what they had paid for it nearly 10 years before that. and i honesly think i could have gotten more out of it. i have a 89 baja sport 250, i search the net for them all the time and i have noticed that they have actually increased in value and if they have the right stuff done to them they can get up there in price. i can say that superchargers scare people away, thats a really big thing that the average guy wants nothing to do with. i have noticed that size could be a big issue with resale, my buddy who is on the forum also has a 29' mach one single engine boat and it is a nice boat with lots of room and has a 502 in it. he has tried a few times to sell his and has not had much luck, our theory is the boat is too big for most people wanting a single engine boat because a half ton truck will strugle with it, the guys that want the bigger boat want twins. i have been looking at going bigger but that means i have double the cost on performance upgrades and maintaning it. not to mention you need a bigger truck and a place to keep it. so if i had to guess the large twin engine boats are going to be the harder ones to sell and maintain value. i think part of the reason my boat model seems to increase/remain stable is that the average joe with a half ton truck can pull it, they can afford to maintain a single engine and it can fit in the driveway still.
another thing that killed boat values in my area is the river flooded several years in a row and it caused us to lose 2 of our marinas. most of the people i boat with had boats with cabins so that they could go back to the marina, have a bon fire and crash out in the boat so that they did not have to drive home after drinking all evening. now we have to trailer down and sleep on sandbars which is fine with me but allot of people kept their boats at the marina all season and then they went to storage for the winter. allot of those people didnt even have a truck to haul them, i didnt the first few seasons i was down there mainly because i didnt need it at the time. the boats were moved twice a year, to the marina and to storage.
the cost of gas may play a role but i dont think it is killing boating. it cuts down on road trips for us but if i spend 100 bucks on gas, beer, ice and some muchies for the evening i would rather do that than spend 100 bucks at the bar. most of our boating friends that come out allot ship in on gas if we are doing a road trip or event like a poker run. then again back to my point on boat size, filling up and hauling my single engine 27' with my half ton is not too bad
