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Sorry I was watching the five, Guilfoyle makes my math skills disappear.
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Originally Posted by Cash Bar
(Post 4018209)
Actually I think that is closer to a 24% increase?
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Yeah, I saw MSRP on a new Z51 at 58k. So, better check those numbers....
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Base for a stingray is $52k. Z51 is a nice upgrade, includes dry sump oiling, and costs 6 or 8k over base. Most of the stingrays I have seen, with various options, have run $58K to $64K.
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I ran into a boat builder at a race!I I asked if he had anything new over 35' under $200k??He said no!LOL!:eekdrop:
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If that $175,000 boat increased at the pace of inflation from 2003, at the end of 2012 it should have cost about $220,000. Now I believe the price of fiberglass has gone up more as it is a petroleum based product but honestly, labour costs should not be out of line nowadays. We just had 100 people apply for one position.
The one thing that has skyrocketed is Mercury pricing. There's definitely huge margin in something like Mercs new 520s. Anyways like I've said before, the industry is pricing itself out of the market. $250k for a new 36' boat is one thing, close to $400k is a totally different thing. |
Originally Posted by befu
(Post 4017886)
With new prices going up so much, I am surprised the used market is still so rough.
Brian |
So how have your investments measured up?
If I am doubling my money more often than every seven years I am happy. Well I am happy until I get closer to retirement, then I want my money doubling more often with less risk. |
Originally Posted by Powerquest_Baby!!
(Post 4018340)
The used market though isnt decreasing in value. I was boat shopping in 2007 and was looking at 1994-1999 model years anywhere from 24-27 foot and those boats were selling for 22k-30k. What are they selling for today? About the same. I personally think used prices will increase once unemployment drops another 1%
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Originally Posted by Powerquest_Baby!!
(Post 4018340)
The used market though isnt decreasing in value. I was boat shopping in 2007 and was looking at 1994-1999 model years anywhere from 24-27 foot and those boats were selling for 22k-30k. What are they selling for today? About the same. I personally think used prices will increase once unemployment drops another 1%
A well taken care of boat will only depreciate so far, but the people with funds to purchase an older boat goes down significantly. I can tell you the value of the boat I sold in 2007 is 60% of what I sold it for. I would be happy to sell my 32 AT for even 75% of what I paid for it in 2007. |
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