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For the heck of it I priced out a comparable boat to Midnightsun and went with a 335 all decked out with genny air windlass and basically everything I have on board mine. Almost fell out of my chair looking at $210,000 and this is on the US site where I am positive is less expensive. Then throw in the 15% tax and we are now looking at aroundd $240,000. Sure one can knock maybe 10 or more thou off that but I really can't believe how much they actually go for today. Keep in mind this is Bayliner which is the cheapest boat out there as far as I know. I remember very well walking into a Bayliner dealership in 99 when the 305 was first available here and this fellow went for $99,000. With gas prices getting crazy and the forecast for 5-6$ a gallon with no end in sight, I personally would sell any stock in any boat company if I had some. Not too many will be able to afford running boats in the future if you ask me and will again become a very rich persons past time like it used to be in the 50's.
Cheers, Hans
2007 Carver 41 CMY
Twin Volvo D6-370
Montreal, Canada Midnight Sun I Photos
I agree with you. I was at a boat show a few weeks ago and I can tell you with new retails I would be forever destined to be a landlubber. The upside of the exorbitant prices and a depressed market is that there will be production cutbacks and, at some time, supply will dry up. That will make used boats a little more valuable which is the reverse of what we have seen for the last few years.
I think we are talking about a cycle that will take perhaps 3 to 5 more years to play out and this time it will be less likely to be mitigated by offshore goods. I admit to serious four footitis (which is twice as bad as two footitis) and still might be a buyer next year but hoping that it turns in about 5 or 6 as that will be the time to sell and quietly tend my garden.
MidnightSun wrote: For the heck of it I priced out a comparable boat to Midnightsun and went with a 335 all decked out with genny air windlass and basically everything I have on board mine. Almost fell out of my chair looking at $210,000 and this is on the US site where I am positive is less expensive. Then throw in the 15% tax and we are now looking at aroundd $240,000. Sure one can knock maybe 10 or more thou off that but I really can't believe how much they actually go for today. Keep in mind this is Bayliner which is the cheapest boat out there as far as I know. I remember very well walking into a Bayliner dealership in 99 when the 305 was first available here and this fellow went for $99,000. With gas prices getting crazy and the forecast for 5-6$ a gallon with no end in sight, I personally would sell any stock in any boat company if I had some. Not too many will be able to afford running boats in the future if you ask me and will again become a very rich persons past time like it used to be in the 50's.
Hans I am not so sure that the prices for a new boat would be less in the US especially with the slightly higher CDN dollar. A New 285 was going for $89,000 at the Ottawa Boat and Sportsman Show http://canadianboatownersclub.ca/ind...sman-show-2012.
That being said I personally like the older models due to their style and size. If you buy used for $25,000, $64,000 can buy a lot of repairs and retrofit.
crowder.dr wrote:
Hans I am not so sure that the prices for a new boat would be less in the US especially with the slightly higher CDN dollar. A New 285 was going for $89,000 at the Ottawa Boat and Sportsman Show http://canadianboatownersclub.ca/ind...sman-show-2012.
That being said I personally like the older models due to their style and size. If you buy used for $25,000, $64,000 can buy a lot of repairs and retrofit.
Heck don't get me started on CDN VS US pricing. There is a very big difference even on CDN products sold in both countries. I looked up a BRP watercraft made in Canada which is sold here and the US. US goes for 12,999 list. Same F'in PWC here goes for 14,399 list. Face it we get screwed royally no matter which way you turn it. I bought my Yamaha Wave runner in NH, USA several years back. Cost me $7,800 plus import fees and taxes which was only about $400. Same unit here bought locally was over $11,000 at the time. Even my engines came from the US as they were slightly less than 1/2 the cost. Yep, like a buy one get one free sale. We are talking $12,000 here in difference. I would venture to say the 335 list is probably 30-40 thou more here in Canada.
Cheers, Hans
2007 Carver 41 CMY
Twin Volvo D6-370
Montreal, Canada Midnight Sun I Photos
Every time I go to a boat show, any boat show, I'm always stunned by the sticker prices. I don't buy new cars either for the same reason, but the depreciation that we'd have to eat on a new boat is just astounding. Even if I were a millionaire I still don't think I'd buy a new boat. Makes absolutely no sense. There's a Carver 32 for sale a few slips away from ours this season. Almost exactly the same boat as ours and the guy is a total maintenance fanatic. His boat is spotless, pristine and his asking price is very reasonable (for an asking price). With well-kept, great looking boats like that on the market, you'd have to be nuts to burn money to buy brand new. We bought our boat for a low price and then even if we pour a pile of improvement money into it, we'd never come anywhere near the cost of a new boat in a comparable size and configuration. And then finally the cost of ongoing ownership of any boat is so high that a lower initial purchase price sure softens the blow on all those maintenance costs. Just seems to me that from almost every angle a well-kept used boat makes more sense not just by a fraction of cost but whole orders of magnitude.
(But I know we've had debates about this before on the forum. I know a lot of boaters are willing to eat huge depreciation for that new boat smell. Or something.)
Phil, Vicky, Ashleigh & Sydney
1998 3055 Ciera
(yes, a 1998)
Previous boat: 1993 3055
Dream boat: 70' Azimut or Astondoa 72
Sea Doo XP
Sea Doo GTI SE
Life is short. Boats are cool.
The family that plays together stays together.
Vice Commodore: Bellevue Yacht Club
lol reason i have a 13year old 3055. Also bear in mind if you compair my 3055 to a new 335. The fit and finish is miles ahead of my 3055. New bayliners are built with a much finer fit and finish even look at thwo bow riders. These new bayliners are not the same as the ones many of us own. TBH I am ok with that, they are nice.
No way I could afford a new one, I am happy with mine. Shes old but shes solid as a rock.
I went and looked at a 32' fourwinns. It was 1' narrower than my 32' and the 32'lenght included the swim platform mine is 32' + the platform. They were asking $280,000 for the fourwinns before any thing was added just a base price. Just imagine what I could do to my boat for 280k.
My question is if new ones are so expensive why are we selling.our used boats so darn cheap?
That's an excellent question. I've read the endless debates in lots of boating forums about the boat market, pricing, asking price, selling price, supply and demand, bad economy, on and on, but given the stubbornly astronomical prices of brand new boats (all across the size spectrum), that's an excellent question. Hmmmm.
You're right too, for the money I'd pay for a brand new 32, I could have the galley fixtures gold plated on my old boat (literally).
When the 4 foot or 6 footitis starts to really grab hold, we will definitely go for a used boat this time. Hoping someday to move up to 3055. (someday). There are some really good deals out there. Unfortunately we are just not ready right now. But I always will keep looking.
My question is if new ones are so expensive why are we selling.our used boats so darn cheap?
The reason is that used boats outsell new boats 2 to 1. More in the larger sizes. So many used boats flooded the market when the economoy soured. Many people took 2nds on their house to buy that New boat because the money was cheap and easy. Then when they lost their job, and their house, they needed cash and dumped the boat cheap to get rid of the expense, and to get some cash. This drove the market prices for late model used boats down, and drive the prices for older boats like mine to almost stupid low.
This creates a market awash in good clearn late model used boats, and screws the manufacteres, as their sales decline, and they have to keep making a profit. But, now they don't have volume to fall on, they have to do it one unit at a time. Tough times ahead, and the latest gas price screwing has not even hit the economy yet.
For the heck of it I priced out a comparable boat to Midnightsun and went with a 335 all decked out with genny air windlass and basically everything I have on board mine. Almost fell out of my chair looking at $210,000 and this is on the US site where I am positive is less expensive. Then throw in the 15% tax and we are now looking at aroundd $240,000. 
Shes old but shes solid as a rock.
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