View Single Post
Old 06-23-2018, 09:22 AM   #12
Mrwesson
Senior Member
 
City: tallahassee
Vessel Model: 1979 Mainship 34
Join Date: Aug 2016
Posts: 415
older boats have shed most of their depreciation.

Like old houses the systems may be failing or it may be in great shape. A boat that needs tons of work will nickle and dime you.

I had no problem financing my 1978.

You can lose money but doesn't mean you will. I think most people are talking about factoring in storage fees, upkeep, repairs, etc but you can't really factor that into the purchase price of the boat.

Boat's can surely be an investment but large boats like trawlers? Not in my opinion. I've flipped quite a few with sweat labor(fiberglass work and paint). Larger boats are harder to sell because the market isn't as large.

I've got my money back or made money on every boat i've owned(11 older boats).
Mrwesson is offline   Reply With Quote