Have you ever bought a boat, used it for a while, and sold it for the same amount or more than you paid for it? Tell us here!
@kevinblatter2369
3 жыл бұрын
In 2018, I bought a 2007 Four Winns Vista 288. I used it for two years, kept it in great shape and then sold it during the Pandemic last Summer for $2K more than I paid for it.
@boatinglessons
3 жыл бұрын
@@kevinblatter2369 likely worth even more this spring as there is no inventory :-)
@mboyer68
3 жыл бұрын
"Boats are inexpensive to own." That's a statement that needs A LOT more information to be considered correct. If you have a boat on a trailer that you can store at your house and launch/load yourself then yes, boats are inexpensive to own. However..if you have a boat that's greater than 8½ foot beam, or it's too big for you to tow with whatever vehicle you own, you have to keep your boat at a marina, and they usually force you to use them to winterize, shrink wrap, summerize, and store...on top of monthly dock fees. So except for the first situation, owning a boat IS EXPENSIVE. I owned a 1987 Ski Centurion competition ski boat for 8 years and sold it for $600 less than I bought it for. My next boat was a 1994 Wellcraft Nova Spyder. I bought it for $17K from the original owner who had paid $65K for the boat. He paid almost 4X what I paid. Never ever buy a new boat unless you love wasting money.
@electric7487
3 жыл бұрын
"Never ever buy a new boat unless you love wasting money." T I believe there's a running joke among many that B.O.A.T. stands for "Bust Out Another Thousand". Or something along those lines. And that saying could not be more correct when it comes to new boats and their depreciation.
@jckdnls9292
4 жыл бұрын
This is the ammunition I needed to convince the wife , thank you !
@BelgradeBoy
3 жыл бұрын
:)
@boatinglessons
3 жыл бұрын
LOL, we missed this comment - best ever! Did it work?
@alpachlavi
4 жыл бұрын
I think you missed one major reason. Depreciation is low because innovation is low. A GRP hull lasts forever if properly maintained, drivetrain technology did not significantly change the last 50 years and electronics are easy to change. There are not so many reasons to buy new boats over older ones.
@mboyer68
3 жыл бұрын
That's so true! Never thought of that. It's the opposite of cars..I have a 2008 dodge ram big horn edition truck, the difference between mine and a 2020 dodge ram big horn edition is staggering. The 2020 has leather wrapped heated steering wheel, mine is plastic, Internet access, all kinds of more tech than mine. But..my competition ski boat for example...the value of it almost went up as the cost of new competition ski boats rocketed past $100k...due to innovative extras. So again...you're right. I never thought of that before, thank you.
@boatinglessons
3 жыл бұрын
That is an excellent point!!
@Boatman-ol1pm
3 ай бұрын
Did you really say boats are inexpensive to own???
@drewchorlton342
4 жыл бұрын
Wow I’m sold buying a boat!
@boatinglessons
3 жыл бұрын
Did you do it Drew?
@kevinblatter2369
4 жыл бұрын
Thank you for your explanation. I've tried to explain this to people when they wonder why my 10-year old boat still is worth a lot compared to a car of the same age. Now I will just point them to your video.
@boatinglessons
3 жыл бұрын
Thanks Kevin!
@georgesaraamonette1782
5 ай бұрын
a friend just got a new Manitou, and I'm thinking about a new Silver Wave. Do you recommend putting any fabric protection on the seats and or the bimini (like scotch guard)?
@boatinglessons
5 ай бұрын
Yes, we recommend a good fabric and paint ceramic protector be applied. The good ones will then cover them with an additional warranty coverage
@Adam-zg9cm
3 жыл бұрын
This is misleading and contains some misinformation, depending on location. A ten year old car does not devalue to 10 percent. Maybe somewhere that they experience rust due to salt, but here in Louisiana, a 10 year old car only depreciates by 50 percent. Of course, condition is relevant. A car us far utility and recreation. Affording you to work, shop, etc. Th in s is a ridiculous pitch especially to those if us that iwn boats....and use them.
@boatinglessons
3 жыл бұрын
Adam, there is no question that here in Canada, our cars depreciate faster. You are right, there are many cases that are different. However in this environment, we are actually seeing boats for up in value due to demand. In general, a boat depreciates slower than most other vehicles in our area in our experience. Thank you for your feedback!
@pawelwisniewski6849
3 жыл бұрын
If boats don’t depreciate quick it means it’s more expensive to get into boating , not the other way around
@boatinglessons
3 жыл бұрын
Getting in cost a fairly large amount you are correct. Then getting out nets you a high percentage of that amount back - equaling a net lower cost than many other recreational activities.
@adrianmoore2750
Жыл бұрын
This comparison to cars didn't hold up in 2021-2022 lol... Then again nobody I know could have predicted 2020
@chileheadcraig
3 жыл бұрын
Are "magic erasers" ok to use on boat surface or upholstery? Didn't know if that considered too harsh
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