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Old 29 July 2008, 16:33   #11
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Time of year has a large factor as well. No-one wants a boat in November but April / May different story. Just like selling a convertible car. Or a 4x4 before the budget 8-)

I think that the "look around and see what everyone else is doing" works well. It has worked for me and I know that people sent by the mortgage companies go around the local estate agents to see what other similiar house are sellinf for (or not).

The secondhand value will be related to the new value today and not the new value when purchased. I bet the cost of new boats doesn't go down as time goes on!
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Old 30 July 2008, 04:57   #12
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My point still stands about there being a cut-off point for this theory as otherwise my boat would work out to be worth around 494 (roughly calculated by a reduction of 10% per annum) and in reality I recently paid considerably more than that and am utterly convinced it was a bargain
Andy - does your boat still have its original tubes, engine and trailer? Did a SR4+boat+trailer really only cost 3300 18 years ago? In contrast Boggi's formula would work out at more like... 700 for the same starting point. However as I said in my much earlier post it must depend on the "brand" of boat - so, there is a significant following of SR owners - therefore that keeps prices higher.
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Old 30 July 2008, 05:10   #13
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in my personal opinion this method is completely miss guided and i have proved it with every boat i have owned

i had a boat that cost me 20 k new, 10 years later i sold it for 17.5k
And there are even some "classic" sailing vessels worth more now than their build cost - just as some classic cars sell for more than the original list price.

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using the above 10%pa method my 2nd boat would have been worth 7k after 10 years, i sold it for 17.5k, only one person phoned and viewed
how do you find these suckers?
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and i used my sales tenacity on him and made the deal
the original questioner doesn't want to get into using his "sales tenacity".

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Mr polwart, i believe you made a mistake in your 3 year figure, should have been 14,580 ~ approx
thanks for fixing my typo/mental arrithmatic.
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Old 30 July 2008, 18:11   #14
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And there are even some "classic" sailing vessels worth more now than their build cost - just as some classic cars sell for more than the original list price.

how do you find these suckers?
the original questioner doesn't want to get into using his "sales tenacity".

thanks for fixing my typo/mental arrithmatic.
i fixed your typo but your arrithmatic is mental
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Old 30 July 2008, 18:32   #15
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Writing down the annual depreciation is an accountancy method which bears little resemblance to open market values, particularly for boats over, say 5 years old.
Best method is comparing with similar boats sold recently, as suggested by HJ. Take care to compare like with like, in terms of condition, maintenance and spec.
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Old 31 July 2008, 05:27   #16
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Writing down the annual depreciation is an accountancy method which bears little resemblance to open market values, particularly for boats over, say 5 years old.
Best method is comparing with similar boats sold recently, as suggested by HJ. Take care to compare like with like, in terms of condition, maintenance and spec.
Just sold the sail boat for 1000 less than we paid for it 20 years ago so that buggers most calcs up
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Old 31 July 2008, 05:41   #17
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Just sold the sail boat for 1000 less than we paid for it 20 years ago so that buggers most calcs up
I kept my Rinker for 9 yrs and sold it for 3.5k more than I paid for it. Calc that one!
I agree, study the market and comparibles and value accordingly.
Incidently, in the 9yrs that I owned the Rinker, boat ownership in my area rocketed as we eased out of the early 90's recession. also, I'd spent a fortune on the boat having the engine rebuilt after a frost incident.
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Old 01 August 2008, 17:13   #18
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well thats at least 4-5 of us that think this 10% nonsense is a load of old bollocks then!!

ha ha



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Old 01 August 2008, 17:19   #19
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I kept my Rinker for 9 yrs and sold it for 3.5k more than I paid for it. Calc that one!
I agree, study the market and comparibles and value accordingly.
Incidently, in the 9yrs that I owned the Rinker, boat ownership in my area rocketed as we eased out of the early 90's recession. also, I'd spent a fortune on the boat having the engine rebuilt after a frost incident.
But I bet things are changing now unless Huge Garden has a better idea .. damn.. my typos
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Old 01 August 2008, 17:27   #20
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But I bet things are changing now unless Huge Garden has a better idea .. damn.. my typos
are you talking about my flower pots and large connifer?

times are getting tight and i suspect with the jobs situation, fuel price and general economy lack of confidence there are less folks out there looking to slap some dosh on a boat at the moment.

but at the end of the day nothing beats some market research to see what things are selling for...due dilligence....its the only way to establish interest and what they are selling for.

Ive got some motorbikes if anyone wants any? happy to trade for a lotus elise or cateram r300 or the like
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