Like Tree0Likes

New or Used?

Old 02-22-2003, 08:29 AM
Member #154
Platinum Member
Indy's Avatar
Join Date: Oct 2000
Location: SW CT & Long Island Sound
My Boats: Missing my PowerPlay
Posts: 6,756

I bought a 2001 28' Nordic with the 496HO (single). We're getting 67 @ 4950, 41 @ 3500. We'd like to cruise faster, but not with this horsepower. WOT is not that important to us, but fast cruising is, that's why we're disappointed. The engine has been flawless after 130 hours and there is no doubt it's a good engine. Oil changes and winterization are a breeze, so from a routine maintenance standpoint it's excellent. The closed cooling is wonderful since I boat in salt water, and the engine temps are better regulated that way, no need to change anti-freeze for 5 years . It's just that it is pushing a single 28' boat that is the issue, if I was ordering this boat all over again, I'd get something like a Chief 540 EFI, but that's jsut wishful thinking at this point. Hope that helped...Steve
Indy is offline  
Reply With Quote
Old 02-22-2003, 08:50 AM
toolman's Avatar
Join Date: Aug 2001
Location: Pennington, NJ/Delaware river/Upper Chesapeake bay
My Boats: 94 Formula 303SR1
Posts: 357

I've owned 3 new boats in the past, all under 23 feet. The depreciation is TERRIBLE ON NEW BOATS!

47% on the first boat
43% on second
40% on third

Last year I bought an 8 year old boat with only 150 hours on it! (Formula 303SR1)

When dealing with larger boats (over 25 feet) new boats depreciate way too much in dollars, especially certain brands.

Find a clean used or leftover with a waranty.

Just my .02

toolman is offline  
Reply With Quote
Old 02-22-2003, 10:12 AM
Platinum Member
Platinum Member
CAP071's Avatar
Join Date: Jul 2001
Location: USA
Posts: 16,430

Indy I hear what you are saying I have a 28.8 Sunsation with a stock 502 mpi. I wish this boat was a little more faster at cruising. When I look at what I cruise with they all have twins. A 29 baja outlaw (twin) a 28 sonic (twin) a 28 donzi (twin) Here I am pushing my boat with a single. But don't get me wrong this Sunsation My god for a single engine a WOT I am right there with these twin boats.

Oh yea I also lost
38% on first boat
32% on second boat

I would never ever buy a new boat, Well unless I becomse rich or hit lottery for millions. Thats when i'll buy an Outterlimits
CAP071 is offline  
Reply With Quote
Old 02-22-2003, 10:16 AM
Playn's Avatar
Join Date: Jan 2001
Posts: 4,367

I'm not convienced that the waranty outweights the hit you'll take on the deprieciation. I'd look for a nice late model.
Playn is offline  
Reply With Quote
Old 02-22-2003, 10:19 AM
Join Date: Aug 2001
Location: Edison, NJ, USA
Posts: 6,337

You can definately find a boat 2 or three years old thats in meticulous condition for about 1/2 of what it sold for new.

i would never buy brand new unless i didnt care about the first year depreciation. Its a killer
BRUCE SEROFF is offline  
Reply With Quote
Old 02-22-2003, 01:58 PM
tripps's Avatar
Join Date: Mar 2001
Location: babylon,NY 11702-4116
My Boats: boating
Posts: 1,762

Hey fdaddy,my friend has a 36 baha,like a 98,with 502s,i rebuilt,white and purple,not used alot,a nice clean boat,also has new ex,i think about 80,if intrested e mail,[email protected],tripps
tripps is offline  
Reply With Quote
Old 02-22-2003, 02:09 PM
HyperBaja's Avatar
Join Date: Sep 2002
Location: Lewis Center, Ohio
My Boats: 1990 Baja 190 DSR
Posts: 3,606

A 36 doing 80 on 502 power? Whats done to them? someone around here has a 32 with twin [email protected] ea, 75 tops.
HyperBaja is offline  
Reply With Quote
Old 02-22-2003, 03:04 PM
Join Date: Aug 2001
Location: Edison, NJ, USA
Posts: 6,337

I might be mistaken , but i think he was referring to the price.. 80 being 80k
BRUCE SEROFF is offline  
Reply With Quote
Old 02-22-2003, 03:13 PM
timucin's Avatar
Join Date: May 2002
Location: istanbul
Posts: 1,577

its hard to decide;
how long are you planning to use your boat?if too long buy new..
on the other hand if you are gonna change it after 2-3 years buy used.
you loose money when you decide to sell your new boat but dont forget you never waste time with rebuilding boat new engines thats cool.

i would buy new ;
timucin is offline  
Reply With Quote
Old 02-22-2003, 11:28 PM
Thread Starter
fatdaddy's Avatar
Join Date: Jun 2002
Location: New Jersey
My Boats: 2003 Baja 33 Outlaw
Posts: 2,098

Man, time is running out and I need to make a decision. I appreciate everybodys comments. My dream boat is a Cig TG. I found a '94 w/ '02 500 EFI's for about the same price as the Outlaw. ($125k-135k). I emailed the dealer (Grovers in NY) about the availability of an extended warranty on the '02 engines and how financing goes on an older boat. I'd love to go w/ the Cig. if warranties are available and financing is good. We'll see.
fatdaddy is offline  
Reply With Quote

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

All times are GMT -5. The time now is 07:31 PM.

Copyright 2011 OffShoreOnly. All rights reserved.