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Is it a bad time to buy a boat?

Old 02-09-2013, 02:52 PM
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Default Is it a bad time to buy a boat?

I have been thinking of moving up from my Pursuit 2870 to a quality CC in 34 to 36' range.

Yesterday, I received a great offer for my Pursuit, all things considered an offer I should take.

My challenge is on the buy side. With all the unfortunate boat owners that lost boats in Sandy now looking to purchase replacement boats, is the supply of good used boats going to be limited and are prices likely to be inflated, due to increased demand?

The question is, am I better to wait a year, I am in no hurry to sell or buy?

Input, thoughts appreciated.
Old 02-09-2013, 02:54 PM
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Actually I think now is a great time to buy a boat. Not many people are in the market for boats right now because of the economy and the prices are getting pretty favorable.
Old 02-09-2013, 02:58 PM
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If you think the economy will improve (which I do) over the next year, top end boats won't be cheaper.
Old 02-09-2013, 03:06 PM
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Originally Posted by Pierless View Post
If you think the economy will improve (which I do) over the next year, top end boats won't be cheaper.

x2
Old 02-09-2013, 03:07 PM
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Now is a great time. Prices are very low particularly on larger boats and with cash in hand you're in the driver's seat. I wouldn't sweat the Sandy market "bounce" for months if at all. Shoot, they're under 2' of snow right now and not worried about buying a boat...
Old 02-09-2013, 03:51 PM
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Default Sell Now, Buy Later

If you were prepared to live without a boat for a few months, realizing full value on your current boat now would put you in a great position to search for, and negotiate a good deal on a replacement. You would be in a position to make your move at any time.

I just committed to purchase a small used Grady because I found the right boat at an acceptable price. Arranging to inspect a boat in the northeast at this time of year is not terribly convenient. But, when you find the right package, it makes sense to move.
Old 02-09-2013, 04:01 PM
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Originally Posted by maitman99 View Post
I have been thinking of moving up from my Pursuit 2870 to a quality CC in 34 to 36' range.

Yesterday, I received a great offer for my Pursuit, all things considered an offer I should take.

My challenge is on the buy side. With all the unfortunate boat owners that lost boats in Sandy now looking to purchase replacement boats, is the supply of good used boats going to be limited and are prices likely to be inflated, due to increased demand?

The question is, am I better to wait a year, I am in no hurry to sell or buy?

Input, thoughts appreciated.
Not trying to be a smart ass here, really. If you have a good offer then move on it. Forget a named storm, really. there's allot more to inflation than sandy. As new boat prices increase so will the used boat demand and price. I would worry allot more about the price of petroleum, price of gold and the value of the U.S. dollar. Sandy? hell I banged her twice...
Old 02-09-2013, 04:06 PM
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More to the point, is it ever really a bad time to buy a boat that you want?

Sell the 2870 and get the boat you want!
Old 02-09-2013, 04:14 PM
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Buying a boat is a thrill.
Selling that boat is 'a dream come true'.
Old 02-09-2013, 04:21 PM
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Shopping hasn't been so good since the hogs ate my best buddy. Lots of value out here for those who are willing to shop which is where the gals have us beat to death. Guys lack that genetic ability to set aside their dreams and desires so that they can weight the merits of a purchase like a boat, which is a luxury item no matter how you spin it. Involve your better half, gals LOVE to shop!

Hate to break it to those economic optimists but there will be NO economic recovery as we are technically in a Recession now which will only worsen. The numberz just don't lie, politicians and the media DO!
Old 02-10-2013, 11:58 AM
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If you've got someone that's willing to give you good deal on your boat then its a great time to buy a boat. Still lots of great deals. I'd love to move up, but I'd hate to give my boat away. If someone made me a reasonable offer on mine, I'd sell it tomorrow.

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