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What the heck is with the Old Boats with Premium Price Tags??

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What the heck is with the Old Boats with Premium Price Tags??

Old 08-14-2018, 08:48 PM
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Default What the heck is with the Old Boats with Premium Price Tags??

So I was going to post on the boat ad, but did not want to muddy up someone's boat listing out of respect. I will say, the boat looks great, but its 25-30 year old center console, with older 2 strokes, its list for $38k and everyone on here is like "That's a steal, gone in 60 seconds etc etc...."!!!! I mean wtf ? Sorry but a 30 year old boat, and as stated mostly original components at $40,000, really? Sorry about the rant, but guess another mans old boat is another man's treasure. Sorry not to discredit someones property, but this is not real-estate property, boats should not appreciate (contrary to the 2 piece haters / 3 piece lovers)

I am sure i will get killed for this post but what the heck, bring it on. I mean there are 28-31ft contenders with old ass 2 strokes for sale on here and none are under 70k, and the boats are 20 years old. Guess if the boat has a flat deck, 3 pc hull...it must be made out of gold!!!!! I bet a 1999 Contender 31 was somewhere around 100k new, but now....that used up boat with old 2 stroke technology has only lost $15k in almost 20 years. HA, guess the kool-aid some drink on here think boats should be considered collector "antiques" because they are 3 piece.

Yes, i would rather have a 3 piece hull, but my 2 piece 2004 boat with 4 stroke motor is paid for and paid cash for it, couldn't imagine having to get a loan or pull from my retirement for a 20 year old boat.
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Old 08-14-2018, 09:14 PM
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Market is crazy right now, new and used. Always seems to be this way before the down turn.
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Old 08-14-2018, 09:22 PM
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Originally Posted by Mrhavasu View Post
Market is crazy right now, new and used. Always seems to be this way before the down turn.
Boat market is just nuts right now. Patience is key.

There will always be boats for sale.
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Old 08-14-2018, 09:26 PM
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Asking price is exactly that. Until it's sold and money is in hand, I take it all with a grain of salt.
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Old 08-14-2018, 09:29 PM
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Could be the lack of production from the great recession. Not enough quality boats to go around, especially as the the mid tier boats begin to melt as they age.
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Old 08-14-2018, 09:30 PM
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The employment rate goes up and boat purchases go up. Employment rate goes way down and boat purchases go up again! Crazy world.
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Old 08-14-2018, 09:37 PM
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That manufacturer is still in business and building that exact same boat. How many other manufacturers from that era can say that (and how many from this era will be able to say that in 30 years)? Some boats were just designed and built well enough to stand the test of time. The particular boat you speak of could be had, minus the current power, for $30ish. A brand new re-power and some light re-furb will have you around $80k. Where else are you getting a tried and true 28' (not a 25 + 3) in good shape with brand new power for that price? A few years ago I was hot on the same model boat that had been stripped and lost out on it for over $20k.

In general the price of new higher-end boats has helped the re-sale of the older boats. Your option is a new boat vs basically the same 15-20 year old boat with new power for 1/2 price.

Just like real estate, askin ain't always gettin. How many of said boats have been listed for months? What is the exposure time of a used boat in the summer of 2018?

I get more dumbfounded by the 1-2 year old boats that the owner is asking more than you can have one built / ordered for. I know a guy who just priced a boat/power/trailer brand new from the dealership, without electronics, right at $100k. I've seen the exact same set-up boat/power/trailer, granted with electronics, 2 years old with almost 400 hours for $117,000 plastered all over the internet.
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Old 08-14-2018, 09:45 PM
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Originally Posted by Mrhavasu View Post
Market is crazy right now, new and used. Always seems to be this way before the down turn.
Really? I'm new to the market... again. So this is interesting to know if there really is a pattern here.
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Old 08-14-2018, 09:46 PM
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Originally Posted by Burgmane View Post


Boat market is just nuts right now. Patience is key.

There will always be boats for sale.
:Patience" Isn't that one of those holly virtues??
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Old 08-14-2018, 10:08 PM
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Some boats I paid $55k - $60k new for in 2001 (retail more like $75k at that time) are now new around $120k - $130k. We used the boats in charter, but looked after them, and the annual depreciation over 16 years worked out around 2%. If the boats had been used privately, and obviously had a lot less hours, the depreciation would have been closer to 1% - 1.5%. The boats do depreciate, but the crazy rise in cost of new boats significantly slows down the depreciation. If a boat is say $150k new it is hard to argue that an older one in good condition is suddenly a $25k boat unless there have been massive changes in the hull and/or styling.
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Old 08-14-2018, 10:10 PM
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Originally Posted by jtharmo View Post
So I was going to post on the boat ad, but did not want to muddy up someone's boat listing out of respect. I will say, the boat looks great, but its 25-30 year old center console, with older 2 strokes, its list for $38k and everyone on here is like "That's a steal, gone in 60 seconds etc etc...."!!!! I mean wtf ? Sorry but a 30 year old boat, and as stated mostly original components at $40,000, really? Sorry about the rant, but guess another mans old boat is another man's treasure. Sorry not to discredit someones property, but this is not real-estate property, boats should not appreciate (contrary to the 2 piece haters / 3 piece lovers)

I am sure i will get killed for this post but what the heck, bring it on. I mean there are 28-31ft contenders with old ass 2 strokes for sale on here and none are under 70k, and the boats are 20 years old. Guess if the boat has a flat deck, 3 pc hull...it must be made out of gold!!!!! I bet a 1999 Contender 31 was somewhere around 100k new, but now....that used up boat with old 2 stroke technology has only lost $15k in almost 20 years. HA, guess the kool-aid some drink on here think boats should be considered collector "antiques" because they are 3 piece.

Yes, i would rather have a 3 piece hull, but my 2 piece 2004 boat with 4 stroke motor is paid for and paid cash for it, couldn't imagine having to get a loan or pull from my retirement for a 20 year old boat.
So you are saying that there should be no classic cars that sell for hundreds of thousands of $?
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Old 08-14-2018, 10:11 PM
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Don’t buy it, problem solved......
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Old 08-14-2018, 11:19 PM
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Lot of the boats listed with comments like "Wow this won't last long", actually don't sell fast at all though. I can point out a couple that are 7+ months or 1 year old and were still actively looking for a buyer despite the first pages being full of cheerleaders. I think a lot of the cheerleaders are guys with the same boat who are hoping that if the overpriced boat sells, it'll bump up their boat values too.
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Old 08-15-2018, 01:03 AM
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Originally Posted by ssobol2533@aol.com View Post
So you are saying that there should be no classic cars that sell for hundreds of thousands of $?
But to achieve those sorts of prices, they have to be some sort of combination of great condition, rare, very desirable, exotic etc - there are not that many 30 year old cars that achieve those sorts of prices.
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Old 08-15-2018, 01:24 AM
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Well maybe I got lucky, maybe I didnt. I paid $35k for an 09 2420 blazer bag pro with 18 original hours on it. Boat came with T Top, 3 brand new tires, 4 brand new batteries, a brand new 112lb minnkota ulterra, Bob's hydro jackplate, lenco trim tabs. One of the trim tabs motors was replaced, 2 of the 3 aerators was replaced, brand new fuel pump.
then I had to sink another $800 into it in repairs to repair jackplate and get the fuel system right. Only other thing it needs is new gps, vhf radio, and stereo. I thought got a good deal but maybe I got f*cked. What yall think.
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Old 08-15-2018, 01:40 AM
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Supply and demand - it's not just a theory, it's the law.
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Old 08-15-2018, 01:52 AM
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That's the market. My contender is 30'years old and I get complements about the ride all the time.
If you fish hard it's worth the money. If you sandbar and go out on flat clam days buy the 2 piece boat
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Old 08-15-2018, 01:53 AM
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Originally Posted by Mpellet View Post
Don’t buy it, problem solved......
Yep.

Asking price means nothing. I see the same boats on the market for YEARS.
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Old 08-15-2018, 04:27 AM
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My boat is 34 yrs old. It is structurally as sound as the day it was built. New fuel tanks, Awlgrip paint, wiring, pumps, hoses. Current electronics, 2011 engine. If whitewater still made one, it would likely sell for over $100k. If you want the smell of fresh resin, buy a quart and leave it open in a drink holder. A quality hull will last longer than you will. Engines will be replaced whether 10 years old or 30. If your afraid of used, then buy new and sell to me in 10 yrs.
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Old 08-15-2018, 04:41 AM
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I felt the same way when I was looking at boats. I bought my boat for 1500 and have about another 65-70k into it. It is expensive to maintain and keep a boat in good condition.

if I sold my boat tomorrow I'd ask 55k which I would never get. But when I bought my boat I really liked the design and layout so I did't care.
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