Carolena
Guru
I'm starting this thread based on discussions that have evolved from the Reminder To Do It Now thread. We are considering selling our current Nordic Tug 32/34 to move up to something in the 40-50 foot range (probably closer to 40-45). We know our budget, we know our wants/needs, we've already narrowed down what we want, and have seen a few boats locally that seem to be worth looking at.
When we bought the NT, we already had a sailboat. However, becuase the sailboat wasn't worth a significant amount of money, we didn't have to sell it before purchasing the NT (we did have to pay double slip fees for a while, but that was the only issue). This worked to our advantage, becuase we were able to jump on our NT at a great price. However, in order to move up this time, we will need the equity out of our current boat.
For those who have been through this, how did you deal with it? I know we could probably trade it on a new build, but we would rather get something relatively new but that has also already taken the first major depreciation hit. Is it the simple fact that we will need to sell our boat first, then see what is on the market at that time, or are there otherways to go about this? We ask, in part, becuse we have a boat in mind that is priced very agressively and would love to make a move on it. I think the answer is sell first, but figured I would reach out for the collective wisdom of the group. We hate the idea of being without a boat between the time we sell and whenever we find what we want (our list of prefered boats is relativley short so finding what we want at any particular time would not be an easy task).
When we bought the NT, we already had a sailboat. However, becuase the sailboat wasn't worth a significant amount of money, we didn't have to sell it before purchasing the NT (we did have to pay double slip fees for a while, but that was the only issue). This worked to our advantage, becuase we were able to jump on our NT at a great price. However, in order to move up this time, we will need the equity out of our current boat.
For those who have been through this, how did you deal with it? I know we could probably trade it on a new build, but we would rather get something relatively new but that has also already taken the first major depreciation hit. Is it the simple fact that we will need to sell our boat first, then see what is on the market at that time, or are there otherways to go about this? We ask, in part, becuse we have a boat in mind that is priced very agressively and would love to make a move on it. I think the answer is sell first, but figured I would reach out for the collective wisdom of the group. We hate the idea of being without a boat between the time we sell and whenever we find what we want (our list of prefered boats is relativley short so finding what we want at any particular time would not be an easy task).