Is anyone delaying buying a boat?
Discussion
Indeed! 
The question could equally be asked about the acquisition of any 'toy' at the moment, or selling 'em!!?
The market for used boats is more smoke and mirrors than classic cars and the costs associated with 'putting it somewhere' can be eye-watering.
Anyhow, I would be interested to hear if the sailing fraternity on here have a view?
The question could equally be asked about the acquisition of any 'toy' at the moment, or selling 'em!!?
The market for used boats is more smoke and mirrors than classic cars and the costs associated with 'putting it somewhere' can be eye-watering.
Anyhow, I would be interested to hear if the sailing fraternity on here have a view?
psi310398 said:
I have no plans to acquire a boat but might I just say what a wonderfully PistonHeads question this is 
?!
It certainly is!?!And I'm pleased to report I already have my boat
There may be someone on the finance forum who can show you how to put your boat into a SIPP, get 40% tax relief and use the loss to offset capital gain...
Caddyshack said:
Won’t boats be cheaper or at least some panic sales about if the market is on the slide?
You would think so, but my experience over the years is the boating enthusiast is completely unconcerned with the ups and downs of the stock market or any other potential losses and the market for used boats is as strong as ever. Not sure about new boat sales, particularly for the high volume boat builders, but most quality boats are made to order and their builders will have a reasonably healthy order book!I wondered if the latest news of imminent world contagion and possible lasting crash in the financial markets makes any difference?
I somehow doubt it!!
classicaholic said:
Simpo Two said:
classicaholic said:
The 2 best days of boat ownership are the day you buy and the day you sell!
I'm pleased to report this is bulls
t pequod said:
You would think so, but my experience over the years is the boating enthusiast is completely unconcerned with the ups and downs of the stock market or any other potential losses and the market for used boats is as strong as ever. Not sure about new boat sales, particularly for the high volume boat builders, but most quality boats are made to order and their builders will have a reasonably healthy order book!!
I guess it depends where the funds are coming from to buy the boat. If investments were going to be sold to do so, then it would be silly to act now.Simpo Two said:
I guess it depends where the funds are coming from to buy the boat. If investments were going to be sold to do so, then it would be silly to act now.
Where do people keep their money whilst waiting for the perfect boat? S&S or Building Society, maybe an instant access account?I know of at least 3 people who have bought a high end used boat for 6 figure sums without selling their existing boat beforehand, a high risk if there ever was one, but pleased to report they sold the previous vessel quickly and for the asking price! All within the last 3 months.
As with all things, it will be much to do with supply and demand, and with so few nice examples coming to market, there will always be someone willing to snap it up. I realise these are probably the exceptions, but even at the more modest levels of boat purchase, good examples are selling pdq. Interesting with all the possible impending population lock down caused by the Covid-19 virus and the Footsie going into uncertain times, not helped by the latest Russian/Saudi oil price/production spat, that the sailing fraternity carries on regardless!!
Marlin45 said:
Yes. I'm also concerned enough to put the new Gulfstream on hold.
Interesting boats! Quad or quintuple outboards must be a challenge!!https://www.gulfstreamyachts.com/52-cc
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