Tinny
Well-Known Member
LOL - I do the same thing. It's incredible how nobody needs to use the bathroom when fishing with me!!!!
Another "Which boat should I buy?" thread
- Thread starter albravo2
- Start date
Eden Island
Well-Known Member
I would have thought aluminum would be outside his budget with the features he wants?
barkerfam
Well-Known Member
As a boat owner for the past 20 years, and gone through 3 boats (2004 trophy 2002, 1998 pursuit 2870, 2024 Northcoast 235), i would like to chime in about your concept that a boat will somehow retain its value. No chance. Unless the whole market goes crazy like it did around covid. For used boats you will regularly put 4 figure upgrades and repairs into her. Sometimes these can be scheduled, other times they are breakdowns while fishing. For new boats, you spend it all up front. But YOU then have the abiilty to know exactly how it is maintained. Your chances of having problems on the water go way down.
Time is money - both ways! Upfront costs eat away at money that could be invested and you lose the return on that money. Breakdowns cost you money AND time. It's a tradeoff. As you can see, I just went through this and went to a new boat to avoid the time losses I was incurring from a used boat.
Overall, I think if you look at a boat as a monetary investment you will be mistaken. IF you look at it as an investment in family time, fun and dinners, then whichever boat you choose you will be happy.
Good luck!
Time is money - both ways! Upfront costs eat away at money that could be invested and you lose the return on that money. Breakdowns cost you money AND time. It's a tradeoff. As you can see, I just went through this and went to a new boat to avoid the time losses I was incurring from a used boat.
Overall, I think if you look at a boat as a monetary investment you will be mistaken. IF you look at it as an investment in family time, fun and dinners, then whichever boat you choose you will be happy.
Good luck!
Squire
Well-Known Member
Agree with the last couple of posts. I look at buying a boat on a net annual costs basis for the duration of ownership. You figure out how long you plan to keep it and estimate the residual value when you sell it. Divide the difference between purchase price and residual value by the number of years you’ll use it and you’ve determined your annual ownership costs. You have to add fuel and maintenance, upgrades and storage/moorage to this number to get a realistic figure.
It really is a lifestyle decision as you want to justify boat ownership based on how much you’ll use it and the satisfaction you will get from it versus other choices. For example, you may want to compare your annual costs of regularly using your own boat to chartered fishing trips, going on vacations or renting boats or other toys instead and decide which would be more appealing to you.
Using this perspective, a well maintained second hand boat that you look after just as well will net you the lowest annual costs over your years of ownership. It will also make it easier to upgrade if you determine your boat lacks some features that another model or type of boat has.
Happy boat shopping!
It really is a lifestyle decision as you want to justify boat ownership based on how much you’ll use it and the satisfaction you will get from it versus other choices. For example, you may want to compare your annual costs of regularly using your own boat to chartered fishing trips, going on vacations or renting boats or other toys instead and decide which would be more appealing to you.
Using this perspective, a well maintained second hand boat that you look after just as well will net you the lowest annual costs over your years of ownership. It will also make it easier to upgrade if you determine your boat lacks some features that another model or type of boat has.
Happy boat shopping!
jackfish
Active Member
Well, some would say aluminum hulls depreciate less than fiberglass, and Alan did say he wanted to maintain as much value as he could over time.
MRWood
Well-Known Member
you also need to add opportunity costs. If you have a $100k tied up on a boat, that will cost you the return you’d hope to get from that money being invested. If it’s 10% then add $10k to your cost of annual ownership.
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Eden Island
Well-Known Member
Fair comment. I was thinking about initial cost and whether it fit his budget.
Squire
Well-Known Member
I don’t disagree that putting the money out up front does result in lost investment returns so you have to consider whether the lifestyle choice is worth it. In my case my only regret is still not finding enough time to use it but unforeseen life circumstances interfered which will pass soon enough. There’s always next year
Eden Island
Well-Known Member
If you're looking to have your boat hold value, buy a name brand, keep up and document the maintenance and be prepared to wait out dips in the market. You'll never recover maintenance costs when you sell. Just don't make the mistake of calculating the cost of your fish in $$$$ per pound! A boat is an investment in a bunch of things that can't be measured - sanity, stress, family time...
scott craven
Well-Known Member
The only time period I recall that boats actually appreciated was during and after COVID.
Prices will eventually settle out and just like used vehicles, there will be return to more normal
rhythms.
JMHO
Prices will eventually settle out and just like used vehicles, there will be return to more normal
rhythms.
JMHO
Squire
Well-Known Member
People’s lives were upended with Covid lockdowns and they responded with getting pets and outdoor toys like boats and RV’s. When things went back to (close to) normal, many of those pets ended up at the SPCA when a lot of folks realized they didn’t have the time for them. I believe the same thing will happen with the outdoor toys as well but a bit delayed.
kaelc
Crew Member
I think cars are a whole different discussion due to the size of the market, government subsidies/support and global supply/manufacturing advancements.
The demand/supply issues of boats is complicated by low volume, transportation costs, duties, storage, lack of information and maintenance issues.
Both age deteriorate rapidly with lack of use and neglect but back boats, brand names sure help with resale.
I think the best “investments” in boats are at the low end and the high end of the market, in brand name boats and if you can somehow do work affordably or yourself. My brother did well on his 19 foot Viking w a two stroke and a few rich people do well on yachts. These are the exceptions!
I think pods on brand name boats aren’t great for resale but if the previously owner did it right might be ok on the resale side if you get it for the right price.
I think there is or was a stripper cabin 26 with Hondas a newer 225 main and a pod down in WA for 55k usd. I just spent a couple more minutes looking for it but couldn’t find it. This sea sport in Alberta doesn’t look to have EOH brakes but otherwise looks ok on the surface at 80k maybe throw him an offer subject to sea trial/inspection but maybe another member has checked it out and can give feedback.
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What happened with the whaler?
The demand/supply issues of boats is complicated by low volume, transportation costs, duties, storage, lack of information and maintenance issues.
Both age deteriorate rapidly with lack of use and neglect but back boats, brand names sure help with resale.
I think the best “investments” in boats are at the low end and the high end of the market, in brand name boats and if you can somehow do work affordably or yourself. My brother did well on his 19 foot Viking w a two stroke and a few rich people do well on yachts. These are the exceptions!
I think pods on brand name boats aren’t great for resale but if the previously owner did it right might be ok on the resale side if you get it for the right price.
I think there is or was a stripper cabin 26 with Hondas a newer 225 main and a pod down in WA for 55k usd. I just spent a couple more minutes looking for it but couldn’t find it. This sea sport in Alberta doesn’t look to have EOH brakes but otherwise looks ok on the surface at 80k maybe throw him an offer subject to sea trial/inspection but maybe another member has checked it out and can give feedback.
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قم بتسجيل الدخول إلى فيسبوك لبدء المشاركة والتواصل مع أصدقائك وعائلتك والأشخاص الذين تعرفهم.
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What happened with the whaler?
Sorry for delays replying folks. I took a rock in the secondary radiator on my new truck and was stranded in Quesnel for a minute.
To clarify a few things:
- I do look at boats as investments, bad financial investments but good happiness investments. I know I'll never recoup maintenance or upgrade costs which is why I am looking for a boat that someone else has already upgraded.
- The financial piece is more me looking for a good deal getting into a boat (not buying new, or from a dealer) so that when I get out of the boat it won't be as bad as if I paid full pull. I am not going to make a spreadsheet determining cost of ownership because I'm not THAT into the money side of a boat.
- Aluminum? I guess the bottom line is I just don't like them as much. I don't care for the cuddy layouts of most of them and I like to stand (or at least sit up high) a lot of the time at the helm. I also really like the satisfying feeling and sound of a heavy glass boat making its way through the sea.
- the first whaler sold. It fit my mission perfectly and was in my price range but I was just starting my search and wasn't ready to move as fast as I should have. The second whaler is for sale by a broker so it is not a bargain. It also doesn't have a pod which I've come to really like.
I'm leaning toward a GW 232 Gulfstream. Beamy but trailerable. I just need to find one. There is one on Craigslist but he wants $90k with 1200 hours on the engines.
To clarify a few things:
- I do look at boats as investments, bad financial investments but good happiness investments. I know I'll never recoup maintenance or upgrade costs which is why I am looking for a boat that someone else has already upgraded.
- The financial piece is more me looking for a good deal getting into a boat (not buying new, or from a dealer) so that when I get out of the boat it won't be as bad as if I paid full pull. I am not going to make a spreadsheet determining cost of ownership because I'm not THAT into the money side of a boat.
- Aluminum? I guess the bottom line is I just don't like them as much. I don't care for the cuddy layouts of most of them and I like to stand (or at least sit up high) a lot of the time at the helm. I also really like the satisfying feeling and sound of a heavy glass boat making its way through the sea.
- the first whaler sold. It fit my mission perfectly and was in my price range but I was just starting my search and wasn't ready to move as fast as I should have. The second whaler is for sale by a broker so it is not a bargain. It also doesn't have a pod which I've come to really like.
I'm leaning toward a GW 232 Gulfstream. Beamy but trailerable. I just need to find one. There is one on Craigslist but he wants $90k with 1200 hours on the engines.
MikePA
Well-Known Member
Couldn't suggest a 232 more. I looked for 6+ months before I found one, it was worth the wait.
I love this thread!!!
This is basically my search, with the exception that I need WCVI offshore capability and prefer an open back pilothouse and larger dance floor. Followed Barkerfam's new boat journey closely. I am leaning now towards the following - used Steigercraft Miami in 23 or 25. I do like the Wellcraft Coastal with Pilothouse and the GW 232 Gulftream. I am tall and while i love that Hourston, the cabin seems a little short for me. My budget might be a bit higher for the right boat!
Best of luck finding your perfect boat (for now)....
This is basically my search, with the exception that I need WCVI offshore capability and prefer an open back pilothouse and larger dance floor. Followed Barkerfam's new boat journey closely. I am leaning now towards the following - used Steigercraft Miami in 23 or 25. I do like the Wellcraft Coastal with Pilothouse and the GW 232 Gulftream. I am tall and while i love that Hourston, the cabin seems a little short for me. My budget might be a bit higher for the right boat!
Best of luck finding your perfect boat (for now)....
Aquaholic
Crew Member
Please bring the open back Steigercraft up here. That to me is the ultimate boat for our area. One of the best dance floors.
bryce
Crew Member
There’s a 25 Grady white sailfish for sale on bc boats for sale on facebook
kaelc
Crew Member
that 272 with new Suzukis? That seems like a great price around 80k. You'd need to survey the hull and gas tank but seems like a good possible buy.
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